Where Can I Cash A Money Order?
Money orders are one of the most common forms of payment and are often used in situations where cash or checks are not accepted. If you recently received a money order and you’re wondering where you can cash it, we’ve got you covered. Here are some of the best and most convenient places to cash a money order.
Banks and Credit Unions
One of the most basic ways to cash a money order is at a bank or credit union. Most banks and credit unions will accept money orders for cashing, and some may even provide the service for free. You will just need to bring your money order and a valid ID or proof of your identification to the bank or credit union in order to cash it. Be aware that if the money order is made out to someone else, such as a third party, you may not be able to cash it.
Retailers
Retailers are another option for cashing money orders. Many popular retailers, such as Kroger, Wal-Mart, and Kmart, offer money order cashing services. Some retailers may even offer the service with no fee. However, there are some restrictions that apply to cashing money orders at retailers, such as the maximum amount you can cash, fees, and customer policies. Therefore, you may want to call the store in advance to find out more information on their money order cashing policies.
Western Union
Western Union is one of the most popular and reliable services to cash money orders. It’s widely available at different locations around the world, so you shouldn’t have too difficult of a time finding a Western Union location. In most cases, the money order should be made out to you, but some locations may accept money orders made out to third parties. Some Western Union locations may even be open 24/7, which is great for those times when you need to cash a money order overnight.
Money Services
A money services business, such as a check-cashing store, is another convenient option for cashing a money order. These businesses are typically open for long hours and can usually cash money orders without too much hassle. The fees may vary depending on the store, so make sure to call ahead to find out the rates.
Post Office
Your local post office can also cash money orders. U.S. Postal Service money orders are accepted without any fees and you may be able to cash other money orders as well, depending on your location. U.S. Postal Service money orders can only be cashed at post offices, so keep that in mind when you’re looking for a place to cash yours.
Online Money Transfer Services
Online money transfer services, such as PayPal, Venmo, and Cash App, are becoming increasingly popular for money transfers. You can easily link your money order to one of these services, which will allow you to access the funds quickly and securely. This is one of the most convenient options for cashing a money order, as you don’t have to leave the comfort of your own home.
Cashing a money order is a pretty straightforward process. As you can see, there are many convenient options available for cashing money orders, such as banks and credit unions, retailers, Western Union, money services, post offices, and online money transfer services. Depending on the amount, fees may apply and there may be certain restrictions that apply, so it’s important to check with the location before you attempt to cash your money order.