how do you cash in a money order

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. You will need an ID to cash a money order.

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Thats because credit card issuers typically treat money orders as cash advances charging a.

. How Do You Cash A Money Order. Kroger can even load your money to a prepaid debit card if you prefer that payment method over the cash. Go to any Post Office location. Instead of cashing your own money order you can obtain a refund from the place you purchased it ie.

Endorse the money order and validate your identity. Check with the store to determine the requirement for cashing a money order. The receipt will provide helpful information in such a. Sign the back of your money order to endorse it.

You do this by simply signing your name on the back. Common options include banks credit unions grocery stores and check-cashing stores. Depending on where you live and the places you frequent some of the options below may be better suited for you than others. Even if the provider you choose does let you pay with a credit card itll be much cheaper not to.

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. If you prefer to put your funds directly into your checking account you can deposit a money order instead of cashing it. This can be done the same day the money order is cashed. Sign your name on the back.

When youre ready to cash or deposit a money order endorse the back just like you do a check. Banks usually accept post office money orders like they would a regular check at branches ATMs or even on a mobile app. One of the easiest ways to receive your funds is to cash a money order at the bank. Fill out the money order at the counter with a retail associate.

X Research source Since grocery stores do a high volume of business even in more rural areas they typically keep more cash on hand. 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. In some circumstances the bank or retailer may charge you to cash your money order. Your local grocery store might be an option for cashing a money order.

At Kroger or your bank. You can send up to 1000 in a single order anywhere in the United States. Depending on where you cash your money order you may pay a small check-cashing fee. Money orders from other sources may need to be deposited at a branch.

First you must take it to any location that cashes money orders. For example Western Union currently charges a 15 processing fee when you have the original money orderreceipt or 30 without the original documentation. If you receive a money order issued by MoneyGram or another organization you can deposit it into your bank account if you have one. 165 if youre paying for a money order between 500.

Cashing a money order is very similar to cashing a personal check. The company has a store locator tool on their website if you arent sure where the closest branch is to your home or office. However you might not be able to get the full amount of the money order immediately. 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.

You cannot pay with a credit card. Where to Cash Deposit Money Order Your bank. Theres two things that youll need to do before you can convert your money order into cash. Endorse the Money Order.

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. The first thing to know about cashing a money order is when to sign it. How to Cash a Money Order.

Receive a Refund. One of the easiest ways to cash a Western Union money order is to visit your local branch. It is possible to cash a money order made out to someone else however most companies do not like to cash money orders or checks such as these. 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.

Cashing a money order is usually convenient as there are several places that offer this service. With 42000 Western Union branches in the United States alone chances are you wont have any trouble finding a store near you. When cashing in person youll need a valid form of identification such as a drivers license or passport. 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.

Add a signature to the back of the money order when you are at. These places usually sell money orders such as grocery stores the post office or banks. Dont sign the money order until you are ready to hand it over to the employee at the store or bank. Dont sign the money order in advance.

Bring 3 if the money order is 2000 or less and 5 if the money order is for any amount over 200001 This will cover the check cashing fee. Take the payment to a location that cashes checks or money orders. Y our bank or credit union probably provides this service for free. Alternatives to money orders.

Some banks may charge a small fee but many offer money orders for free. Go to your bank. Converting any money order to cash is a relatively easy process. Some banks offer cashiers checks which are similar to money orders.

You may also be able to deposit the money order into your bank account. Cashing a money order is a lot like cashing a check because the same general guidelines apply. 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. Where to Cash a Money Order.

How to Cash a Money Order. Make sure the recipient will accept a cashiers check before buying one instead of a money. Endorse the money order as you would a check. There may be a fee to receive a refund.

The best way to ensure that you end up at the right location is to take the money order to. Take cash a debit card or a travelers check. 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. If you have a money order you bought or one someone sent you keep it safe.

If you have a bank account the easiest way to obtain a money order is to go to the teller and ask for one. Yes you can still cash the money order.

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