Do you need cash to get money order?
Do you need cash to get money order?
To purchase a money order, you typically need to pay with cash or a debit card. 5 You generally can’t just write a personal check or use a credit card to purchase a money order, because issuers can’t be certain whether or not your check will bounce or whether you’ll file a chargeback with your card issuer.
Can you buy a money order with a credit card?
Credit card providers generally allow you to pay for a money order with a credit card, but they typically treat the transaction as a cash advance rather than a regular purchase. Cash advance fees are usually set at 5% or $10, whichever is greater.
Do you need cash for a money order at CVS?
Yes, you can buy money orders at CVS, but you must pay in cash for a money order of up to $500. There is a small fee for completing a money order at CVS of $1.25, which is applicable to every money order. CVS is unable to cash your money order.
Does Walmart cash money orders?
Walmart will cash MoneyGram money orders. Check Cashing fees may apply. For purchases over $1,000 a valid government-issued photo ID is required. Buy money orders from a Walmart store in the amount needed.
Do you need a bank account to get a money order?
When you receive a money order, you need to cash it or deposit it to a bank account. Until you do so, a money order is just a piece of paper. You can cash money orders at numerous locations, including banks and retail stores.
How much is the fee to cash a money order?
– The general fee for money orders can range from 50 cents to $10 and up, depending on where you get one – Western Union fees: could range anywhere from 50 cents to $1.50 and more – Most banks charge $5, $10, or 10 percent of the total amount on the money order
Do I have to wait to cash my money order?
You should always try to cash your money order as soon as possible. Although some money orders never expire, others expire one year after the issue date. If you wait a year to cash out, you might have to pay a service fee to cash the money order a year after the issue date too.
Can you get your money back on a money order?
If you have a bank account, you can deposit the money order into your account, provided you haven’t written on it. If the money order is blank, put your name in the recipient’s area and endorse the back of the money order. Then you can either present it to a teller.
