how do you cash in a money order

Take cash a debit card or a travelers check. 165 if youre paying for a money order between 500.

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Y our bank or credit union probably provides this service for free.

. Banks usually accept post office money orders like they would a regular check at branches ATMs or even on a mobile app. Endorse the money order and validate your identity. If you have a money order you bought or one someone sent you keep it safe. The steps below describe how to convert any money order to cash.

You cannot pay with a credit card. These places usually sell money orders such as grocery stores the post office or banks. Some banks may charge a small fee but many offer money orders for free. Postal Service charges 120 if youre paying for a money order of 500 or less.

Pay the dollar value of the money order plus the issuing fee. For example a grocery store might cash a money order only up to a certain limit such as 500 or might only cash orders issued from that store. Dont sign the money order until you are ready to hand it over to the employee at the store or bank. Cashing a money order is usually convenient as there are several places that offer this service.

Your local grocery store might be an option for cashing a money order. If you lose a money order or make a mistake filling it out you may be able to cancel it and get your money back if you take certain steps. You may be able to do this at a bank branch at an ATM or by using a banks smartphone app to take a picture of the money order. Yes you can still cash the money order.

If you have a bank account the easiest way to obtain a money order is to go to the teller and ask for one. Depending on where you live and the places you frequent some of the options below may be better suited for you than others. Dont sign the money order in advance. Unless youre planning on cashing the money order at your own bank youll generally have the lowest fees and the best chance your money order will be cashed at a grocery store.

Answer 1 of 6. When using cash or personal checks put. You will need an ID to cash a money order. You do this by simply signing your name on the back.

Endorse the Money Order. Go to any Post Office location. Signing a money order is like endorsing a checkYou dont want to endorse a check until youre at the bank and the same applies to money orders. Where to Cash Deposit Money Order Your bank.

Common options include banks credit unions grocery stores and check-cashing stores. To make it easy for you it is best to deposit the money order with the same entity that generated it in the first place. Instead of cashing your own money order you can obtain a refund from the place you purchased it ie. You may be able to cash your money order at banks and other retailers grocery stores check-cashing locations or other stores where youve been able to cash checks in the past.

The company has a store locator tool on their website if you arent sure where the closest branch is to your home or office. For example Western Union currently charges a 15 processing fee when you have the original money orderreceipt or 30 without the original documentation. With 42000 Western Union branches in the United States alone chances are you wont have any trouble finding a store near you. If you receive a money order issued by MoneyGram or another organization you can deposit it into your bank account if you have one.

Money orders from other sources may need to be deposited at a branch. If you prefer to put your funds directly into your checking account you can deposit a money order instead of cashing it. A money order is a safe alternative to cash or a personal check. How to Cash a Money Order.

You can send up to 1000 in a single order anywhere in the United States. When you receive a money order you will have to convert it to cash or deposit it in the same way you would do with a check. Alternatives to money orders. In some circumstances the bank or retailer may charge you to cash your money order.

Money orders are treated very much like checks. Sign the back of your money order to endorse it. Some banks offer cashiers checks which are similar to money orders. However you might not be able to get the full amount of the money order immediately.

Bring the payment to a location that cashes checks or money orders. Make sure the recipient will accept a cashiers check before buying one instead of a money. It depends on your bank on how much you can take immediately and the rest of the funds should be available within a few business days. At Kroger or your bank.

One of the easiest ways to receive your funds is to cash a money order at the bank. When cashing in person youll need a valid form of identification such as a drivers license or passport. The receipt will provide helpful information in such a. Fill out the money order at the counter with a retail associate.

One of the easiest ways to cash a Western Union money order is to visit your local branch. I bought a money order made it out for rent but didnt use it I have the receipt where do I go to cash it. When youre ready to cash or deposit a money order endorse the back just like you do a check. Endorse the money order like you would a check.

Go to your bank. However per Western Union - depending upon the state of purchase if you do not use or cash the money order within one to three years of the purchase date a non-refundable service charge will be deducted from the principal amount. The first thing to know about cashing a money order is when to sign it. Depending on where you cash your money order you may pay a small check-cashing fee.

Receive a Refund. Check with the store to determine the requirement for cashing a money order. There may be a fee to receive a refund. How Do You Cash A Money Order.

Theres two things that youll need to do before you can convert your money order into cash. Add a signature to the back of the money order when you are at. Where to Cash a Money Order. Cashing a money order is very similar to cashing a personal check.

You may also be able to deposit the money order into your bank account. How To Cash a Money Order. X Research source Since grocery stores do a high volume of business even in more rural areas they typically keep more cash on hand. It works like a check so you can cash it or deposit it into a bank account.

Cashing a money order is a lot like cashing a check because the same general guidelines apply. The best way to ensure that you end up at the right location is to take the money order to. First you must take it to any location that cashes money orders.

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