Can i cash a money order

You'll typically have to pay several dollars in transaction fees or a percentage of the total proceeds. Those fees can add up, especially at check-cashing stores and convenience stores, which often have higher fees and typically don't make it clear how much they charge. There are plenty of scams out there involving Invalid money orders. You can do that by locating and calling the phone number for the supposed issuer.

After you verify that a money order is legitimate, do something with it cash it or deposit it quickly if you are concerned about fraud. It is possible for the buyer of the money order to cancel it after sending it to you. Before you can cash a money order that's made out to someone else, the original payee must sign the money order over to you. The process for this is the same as signing over a check.

The payee must sign their name and write "Pay to the order of [your first and last name]" on the endorsement line on the back of the money order. If you want to cash a money order with no fee, go to the local bank or credit union where you already have an account. Retailers or banks where you don't have an account will usually charge you a few dollars to cash a money order.

Although banks aren't open on Sundays, you can cash money orders at some retailers and grocery stores. For instance, Walmart is open on Sundays and cashes MoneyGram money orders.

Western Union. Consumer Financial Protection Bureau. What Is a Deposit Hold? Federal Deposit Insurance Corporation. Accessed Jan.

Capital One. Actively scan device characteristics for identification. After receiving your cash, you can either deposit it into your bank account or utilize the funds for what you need.

Cashing a money order is usually convenient, as there are several places that offer this service. Depending on where you live and the places you frequent, some of the options below may be better suited for you than others. Money orders come in handy for many situations. They are guaranteed forms of payment that can be sent and received from nearly anywhere in the world. Here are some scenarios when you may wish to use a money order:. While fees are typically small for money orders, they may differ from location to location.

Above all, maintaining financial stability and security is of the utmost importance. Understand where you stand financially to achieve the life you want.

I was excited to uncover this site. I need to to thank you for ones time due to this fantastic read!! I definitely really liked every bit of it and I have you book marked to see new things on your blog. How to Cash a Money Order Follow the steps below to cash a money order successfully.

Bring your money order to a location that will cash it. You can take the money order to your bank, credit union, grocery store, and some retail stores. Additionally, before you cash a money order, remember that scammers are always out there, looking to swindle you.

Check for red flags like typos and incorrect bank information. Never accept a money order for more than you asked for either. Scammers can sometimes ask you to cash the order and send them the excess. If you prefer to put your funds directly into your checking account , you can deposit a money order instead of cashing it.

Banks usually accept post office money orders like they would a regular check at branches, ATMs or even on a mobile app. Money orders from other sources may need to be deposited at a branch. Just make sure you have an actual checking account with the bank.

You may also run into issues depositing or obtaining a money order through a mobile only bank. Skip to Main Content. English Use arrow key to access related widget. Go to USPS. Skip all category navigation links. Sign In. Search USPS. Sending Money Orders When sending money by mail, use money orders as a safe alternative to cash and personal checks.

Go to any Post Office location. You cannot pay with a credit card. Fill out the money order at the counter with a retail associate. Pay the dollar value of the money order plus the issuing fee. Keep your receipt to track the money order. Money Order Fees Fees are based on the money order dollar amount.