The cost of a money order at Walmart depends on the amount of the order. For money orders up to $1,000, the fee is $1. For money orders greater than $1000, the fee is $2. 99. Money orders can be purchased with cash, debit card or travelers checks.
Keep in mind that there may be other fees charged to customers who are not Walmart customers, such as an additional $0. 60 service fee. Walmart also offers money transfers and prepaid cards, both of which have their own fees associated with them.
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What is the cheapest place to get a money order?
The cheapest place to get a money order is typically your local bank or credit union. Many financial institutions will provide money orders for free for their customers who have checking or savings accounts, or for a small fee for non-customers.
Additionally, some retailers like Walmart, 7-Eleven, and Kroger often offer money orders at a low cost. Fees vary by location, so it’s best to call ahead and ask the specific store before heading over.
To save money, you can also shop around. There are websites such as MoneyGram and Western Union that specialize in money orders and may provide lower rates than banks or retailers.
Is money order free at Walmart?
No, money orders from Walmart are not free. The cost for each money order from Walmart is $1. 00. There are two main reasons why it may be beneficial to purchase a money order from Walmart: convenience and security.
When you need to purchase a money order to pay a bill or send money to someone, Walmart offers an easy, convenient way to do so. Additionally, Walmart money orders are a secure form of payment and can help protect you from fraud since it is more secure than mailing cash.
Does anyone offer free money orders?
No, at this time, there are no companies offering free money orders. Money orders are a cash equivalent payment method, similar to a check, and they incur a fee to cover the cost of processing and shipping it to the recipient.
Money orders can generally be purchased from financial institutions, grocery stores, and post offices. Fees may vary by location and can range from $0. 70 to up to $9 depending on the company, amount of the money order, and method of payment for the order.
How much does it cost to purchase a money order?
The cost of purchasing a money order will vary depending on the provider, the amount, and the payment method. Generally, money orders can cost between $0. 88 to $3. 95, though many locations have a flat fee for all money orders.
Additionally, there may be a convenience fee if you pay with a credit or debit card. Purchasing money orders in bulk may also qualify you for a discounted rate. It is important to check with the provider before purchasing a money order to be sure of the cost.
Do money orders cost to cash?
Yes, money orders typically require a fee to cash. The fee can vary depending on where you cash the money order, but it is generally between $1 and $10. Banks, check cashing stores, and retailers may all cash money orders, but all will typically charge a fee.
You may also use a money transfer service to cash a money order, and those services can often have higher fees. Be sure to ask ahead of time before cashing a money order, to make sure you understand any applicable fees and services.
Which is cheaper a money order or cashier’s check?
Overall, a money order is typically cheaper than a cashier’s check. However, this can vary depending on the financial institution you are purchasing the money order or check from. Money orders can range anywhere from $0.
70 to $10. 00, while cashier’s checks typically cost between $8. 00 and $10. 00. Additionally, if you are sending the money order or cashier’s check as part of an international money transfer, the fees associated with a cashier’s check are usually higher than those for a money order.
When making your decision, it is important to factor in fees, as the fees associated with a money order or cashier’s check can add up quickly. Ultimately, it is best to shop around before deciding which option is cheaper for your specific situation.
Are money orders worth it?
Money orders can be a good option for sending funds, depending on why you’re sending them and your personal financial goals. Money orders can provide more security than checks since they require pre-payment and are not subject to bounced checks or fraudulent activities.
They also offer more anonymity since a recipient may not be able to trace the sender. Additionally, money orders are often quicker than checks and may arrive within a few days.
However, there are still some potential drawbacks to using money orders. For one, they often come with a fee which will vary between companies and locations. Some money orders may also require you to provide personal information such as your address and driver’s license number.
Additionally, if you’re sending a replacement money order, you may need to wait for the original to be returned to you before you can be refunded.
Overall, money orders can be a great way to send funds with more security and anonymity, but it’s important to weigh the potential costs and consider the fastest way to send the money.
Can you exchange money orders for cash?
Yes, you can exchange money orders for cash, depending on the issuer. Many banks, as well as post offices, will do this for you. To exchange a money order, you have to show a form of valid photo identification, such as a driver’s license or passport, and the original money order that you want to exchange.
If the money order has not yet been filled out with the correct information and endorsed, you may also need to fill in the “Pay to” and “Amount” fields. After this is done, the staff at the issuing bank or post office will exchange the money order for cash.
However, some banks and post offices do not accept money orders for cash and may require that the money order be deposited into an account or cashed with a personal check. Also, you may be charged a fee for this service.
Can you cash a money order at your bank for free?
Yes, you can typically cash a money order at your bank for free. When you take a money order to your bank, you usually just need to present a valid form of identification, such as a driver’s license or passport.
Then the bank will cash the money order, usually without charging a fee. There are some banks that may still charge a small fee, typically around $5, so it’s best to inquire with your particular institution before cashing a money order.
Additionally, some bank branches have restrictions on the total amount you can cash in a single transaction. Once you have cashed it, the cash is then immediately available in your bank account. Money orders are a great option for securely transferring large sums of money, and it’s even better when you can do it for free.
Can I go to any bank to cash a money order?
Yes, you can usually go to any bank to cash a money order. Depending on the type of money order, the bank may have to confirm its authenticity or have you fill out additional documents. Make sure that you bring the original money order, a form of identification, and, if necessary, any additional documents that the bank requires.
Be sure to ask the bank clerk about specific requirements and fees as they can vary between different banks. Additionally, it is important to keep in mind that some banks may not cash money orders, particularly if they are from another bank or institution.
If this is the case, you may need to go to the issuer to obtain the funds.
What are the disadvantages of money order?
A money order is a financial instrument that functions like a check but is purchased with cash. While money orders can be convenient in certain situations, they also have some disadvantages.
The main disadvantage of money orders is that they are generally more expensive than other payment methods. Fees can range from $0. 70 to $3. 00 depending on the issuer. A second disadvantage is that money orders are difficult to track.
If a money order is lost or stolen, there is no guarantee that the issuer will be able to trace and reimburse the funds.
Also, money orders are limited in size – most money orders cannot exceed $1,000. This restricts the types of purchases you can make. Finally, money orders require additional postage if being mailed. The added cost of postage can add up if you make multiple payments.
In conclusion, while money orders are a secure form of payment, they come with some significant disadvantages. The final decision to use a money order should take into account the cost and potential inconvenience of the payment method.
Can you get a money order at CVS with a debit card?
Yes, it is possible to get a money order at CVS with a debit card. Many CVS locations offer Western Union services, which allow customers to purchase money orders with a debit card. In order to purchase a money order, customers need to bring the exact amount of cash, plus any applicable fees, to the register.
Customers will also need to provide a valid form of identification, such as a driver’s license or passport. After the payment is processed and any fees are added, a receipt will be provided with the money order information.
This can be used to track the money order and determine its status. Money orders purchased with a debit card usually take 3-7 business days to arrive at the destination.
How do you fill out a CVS money order?
Filling out a CVS money order is a relatively simple process. To begin, locate the date line on the money order and write the current date in the provided box. Next, write the payee’s name next to the “Pay to the Order of” line.
Then write down the amount of money you would like to transfer. Make sure to write the amount using numbers only. After this, sign your name on the “Purchaser’s Signature” line located on the bottom right side of the money order.
Finally, provide your address in the “Purchaser’s Address” box. Once the above steps have been completed, the CVS money order is ready for use.
