How To Cash Money Order At Bank
You can take the money order to your bank credit union grocery store and some retail stores. CVS Pharmacy also offers money orders for 99 cents with a maximum value of 500.
Since banks have large amounts of money on the premises theyre likely to be able to pay the full amount at once.
How to cash money order at bank. There are a few different ways to deposit a money order though in general it can be deposited much like a check or cashier s check from a bank. Do not sign the money order before going to cash or deposit it. Endorse your money order.
At the Post Office The US. Once the issuer accepts payment it will verify your information and research whether the money order was cashed. Pay the dollar value of the money order plus the issuing fee.
Fill out the money order at the counter with a retail associate. If you dont have a bank account you may seek payment from the issuer of the money order such as at a post office or Western Union location. You will also need to provide identification no matter where youre cashing your money order.
Review our full list of where to cash a money order in the section below. After purchasing it simply deposit the money order into your online bank account through the banks mobile app. In fact some larger retail stores especially grocery stores have Western Union or MoneyGram services available at the customer service desk so you might be able to cash your money order there for free.
But if you dont have a bank account or dont want to use your bank account to cash a money order you can still cash it at a post office or a check-cashing store. Once youve found an ATM take your cash to the ATM fill out a deposit slip with your account information and put the money into the deposit envelope. Cashiers Check vs.
Show valid identification to verify that you are authorized to cash the money order. You can buy a money order with a credit card but purchasing a money order with a credit card often treats money orders as a cash advance which means youre going to pay a. At your Bank or Credit Union If you want to cash your money order for free the best place arguably is at your local bank or credit union.
Through A Money Order. When you deposit or cash a money order you will need to endorse it on the back in front of the counter agent. Bring your money order to a location that will cash it.
A simple way to deposit cash into your online bank account is by purchasing a money order. Endorse the money order by signing your name on the back. This means that if you have a valid account at a bank and someone has written you a money order then you may be able to simply sign the money order and deposit it into your account.
Cash the money order as you would cash a check at your bank presenting your identification if necessary. Take cash a debit card or a travelers check. You cannot pay with a credit card.
You can also try to cash money orders at retail outlets like check-cashing stores convenience stores and grocery stores. Then they can cash it for you. If you dont have any ID you can endorse the money order to someone else like a sibling or friend who does have an ID.
Walmart money orders are 60 cents and has a limit of up to 1000. If you do not have a traditional bank account then you can use the other two methods given below. Like checks you can deposit money orders into a bank account.
Additionally many supermarkets cash endorsed money orders for a small fee. Be aware of money order. Pay any fees for the service.
To cash a money order youll need to first endorse it by signing your name on the back. If you need to pay someone and dont want to use cash or write a personal check you can use a money order. If all goes well the issuer will cancel the old money order and send a.
A money order is similar to a check except that its prepaid. Verify with your bank before you try to make a deposit.
