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What Is A Money Order?
Money orders space a solid type of payment that is accepted just around anywhere.
Don"t acquire them perplexed with a cashier"s check, which is only obtainable from her bank.
You can gain a money order indigenous the article office, a bank, western Union, and also grocery store.
Finding the right place for her money order acquisition depends on the amount you are willing to pay, whereby you must send it, and also when the money order demands to with its destination.
Best locations To gain A Money Order: fee Comparison
Compare Money stimulate Fees at banks & Retailers
|Bank that America||$5||$1,000Not accessible in Arizona, California, Nevada.|
|BMO Harris Bank||$5||$1000|
|Capital One||Does not issue money orders|
|SunTrust||$5 for customers$10 because that non-customers|
|BMO Harris Bank||$5||$1000|
Since plenty of financial organizations do not list one amount because that money order fees, the best means to determine just how much her local bank charges is to discover a surrounding branch.
Most financial institutions charge $5, $10, or 10 percent of the complete amount on the money order. The neighborhood (Los Angeles) Wells Fargo, Chase, and U.S. Financial institution charge a flat rate of $5 and also only offer domestic money orders.
Money orders space waived by some banks if you have a unique account.
For instance, Wells Fargo waives money orders if you have a desired checking or Wells Fargo At job-related Checking Account.
Chase will waive the dues if you have a premiere or private account v the bank. U.S. Financial institution waives the fee for those that have actually a platinum check account.
Tip: If you have a greater tiered checking account, check to see if your bank offers complimentary money orders.
Western Union Money bespeak Fees
Just favor with banks, western Union walk not provide a set amount because that a money order.
A representative defined the rate varies through location. However, in general, these fees could selection anywhere indigenous 50 cents to $1.50 and also more.
International money orders room available, however it is suggested to verify with the financial school where the funds will be deposited, in order to ensure the transaction can be completed.
As an example, three neighborhood Los Angeles west Unions to be contacted through gendergeek.org. Right here are the fees:Location A: 55-cent fee for money orders between a penny and also $500, and $1 fee for money orders in between $500.01-$1,000Location B: 80-cent fee because that money orders in between a penny and also $500, and also $1 fee because that money orders between $500.01-$1,000Location C: 75-cent fee for money orders in between a penny and $299.99, and $1 fee for money orders in between $300-$1,000
You don"t need an account to get a money bespeak from western Union.
Western Union also allows customers to deposit money order to withdraw cash. Most financial institutions require the you have actually an account through them to gain a money order.
An additional upside is the Western union in her area room usually open up every day, consisting of weekends, whereas most banks and also the article office space closed on Sundays.
The fee associated with cashing money assignment from western Union ranges between 1 percent come 3 percent, depending on the amount.
A representative informed me to get in a neighborhood branch to find out how much will be bring away out. This is due to the fact that the rates fluctuate so lot from location to location.
Tip: To find the ideal rate at western Union once cashing her money order, speak to several places in her area and also find the one that with the lowest fees.
USPS Domestic and also International Money bespeak Fees
The present price for residential money orders in ~ USPS room as follows:
USPS Money Orders
|$0.40||All postal money assignment issued through armed forces facilities|
Domestic money orders have the right to only it is in purchased for approximately $1,000. Anyone that needs to send more than $1,000 will need to get two different money orders.
Tip: If you must send more than $1,000 on a continuous basis, think about opening a check account in ~ a financial institution so friend can acquire cashier"s checks.
International money orders cost $4.50 for any kind of amount.
International money orders from the United claims Postal business can be cashed in 29 countries.
If you are going to attempt to cash a money order in ~ the short article office, you might run right into difficulty. USPS might not it is in able to assist you to cash a money stimulate if the amount exceeds $1,000. Who attempting to cash a money bespeak worth 10s of countless dollars or an ext should think about visiting a bank.
Other places to obtain money orders
Grocery stores and also department stores likewise offer inexpensive money orders. Walmart money orders are 60 cents and has a limit of as much as $1,000. CVS Pharmacy likewise offers money orders because that 99 cents, v a maximum worth of $500.
Be mindful of money bespeak scams
If you get a money stimulate in the letter from someone that you space not acquainted with, chances are it"s a fake.
Educate yourself on how to recognize a fake money order, that method you"re never tricked right into cashing a fake money order.
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If you do finish up cashing a fake money order, you may be liable for the money spent once it comes back rejected. It might take approximately a couple of weeks for your financial institution to determine whether or no a money order is fake.