Can I Do A Money Order Online

Key takeaways

• A money order is a rubber alternative to cash or a personal cheque; information technology works like a check so you can cash information technology or deposit it into a bank account.

• When using cash or personal checks put you at risk, or they aren't accepted for payment, you lot can use a money order instead.

• Yous tin use cash or a debit bill of fare to buy money orders at the mail service office, Walmart, Western Union and your banking concern or credit union.

How practise coin orders work?

A money social club is a piece of paper that's a condom alternative to cash or personal checks. You specify who will receive the coin guild, and both you and that person must sign information technology for it to be valid, which cuts downward on theft.

You besides prepay for a coin order , at a location such every bit a U.S. post function, Walmart or Western Union. Keep in mind that many have a $1,000 limit, including those that you purchase at banks.

How can I buy a coin order?

• Have everything y'all demand: Be prepared with cash or a debit menu, the proper noun of the payee and the amount yous want to send. Paying with a credit card might be possible, but will usually price actress.

• Fill it out: In improver to the payee'south proper name, you lot'll need to add together your name (and maybe your address) and sign the money order. (For step-by-step instructions, check out NerdWallet's guide on how to fill out a money society .) Exist careful to ensure that everything is accurate because you won't be able to change the information afterwards.

• Go on the receipt:  The receipt will be a carbon copy of the money club or a paper slip recording the data entered on the money guild.

• Track your money order:  Your receipt will besides have a tracking number that yous can utilise to verify that the money guild got to the intended recipient. If whatsoever problems ascend, contact the place where y'all bought the money order to get assist.

Where can I go a money order? How much does a money club price?

Domestic money orders have a range of costs, from under a dollar up to effectually $5, depending on where you buy them. Yous'll become a better deal at Walmart or a convenience shop or supermarket, and you'll typically pay more than at a depository financial institution.

Not all providers offer international coin orders; some postal service offices do, but they toll more than, although there's a disbelieve for those purchased at military mail service offices. And no matter where y'all buy them, it's safer to purchase in person.

Provider	Price
Walmart	Upward to 88 cents
Money transfer agents (convenience stores, supermarkets, etc.)	Depends on the provider. For example, San Francisco-surface area Western Marriage providers often charge around $1.
U.South. Post	Upward to $500: $1.25 $501-$m: $1.70 Military money orders: 45 cents International (up to $700): $10.25
Banks and credit unions	Depends on the financial institution. Often effectually $5.
In the market place for a provider? Here are our all-time ways to send money .

What does a money guild cost at some of the biggest U.South. banks?

Note that many banks will only sell money orders to accountholders.

Bank	Details
American Express® National Banking company, Member FDIC 4.5 NerdWallet rating	Money orders not offered.
Depository financial institution of America 3.5 NerdWallet rating	Money orders non offered.
Chase 3.5 NerdWallet rating	$five for up to $one,000; free for premium accounts. Must be purchased in a branch.
Wells Fargo 3.five NerdWallet rating	$5 for up to $1,000. Must exist purchased in a branch.

+ Click here for more banks and what they charge

A smart manner to monitor your money

Runway your greenbacks, cards, and bank accounts all at the aforementioned time.

Tin I buy a coin order with a credit bill of fare?

Some outlets allow you to buy a money gild with a credit carte, but others don't, including Walmart and the U.S. Postal Service. In those cases, yous'll accept to apply a debit card or greenbacks to buy a coin club.

Fifty-fifty if the provider you lot choose does let y'all pay with a credit carte du jour, it'll be much cheaper not to. That'southward considering credit bill of fare issuers typically treat money orders as cash advances, charging a fee based on the amount of the transfer — oft 3% to 5% — and assessing interest immediately. That involvement rate might be greater than the rate you'll pay on a normal buy.

When should I use a money order?

At that place are times when using cash or personal checks tin can put y'all at run a risk, or they aren't accustomed for payment. Here are 4 examples of when money orders are the best payment method:

• You need to send money securely. Unlike checks, money orders don't include your banking concern account number, and they assistance ensure that just the recipient can use it, different mailing cash.

• You don't have a checking business relationship. Since money orders crave you to pay in accelerate, you don't need a banking company account and you tin yet pay bills safely. Some other option: One of NerdWallet's best prepaid debit cards  for regular purchases.

• You lot're worried virtually billowy a check. Because coin orders are prepaid, they tin can't be rejected for insufficient funds. Another option: A certified check or a cashier'south check, both of which guarantee payment and don't necessarily take a $1,000 limit, unlike many coin orders. ( Read up on certified checks  and detect out more about cashier's checks .)

• You're sending money internationally. Not all money orders work away, but U.S. Postal Service coin orders tin be sent to nigh 25 countries. Another option: A wire transfer, if you need the money there faster and are willing to pay more than. Or cheque out our best ways to send money internationally .

Where can I cash a money club?

Your best bet is to cash a money order at the aforementioned entity that issued it, whether that's a bank branch, mail service part or other location. Check-cashing locations, convenience stores and grocery stores can be alternatives, but watch out for fees. Wherever you go, y'all'll probably demand to show identification.

If you don't demand the coin right away and you have a bank account, consider depositing information technology. Banks accept U.S. Mail money orders as they would regular checks at branches, ATMs or even on a cyberbanking app with a mobile check deposit function. Don't forget to sign the back of the money gild earlier depositing.

What do I do if I lost a money gild?

If you no longer take the money order or you made a fault on it, yous may be able to cancel it and get a replacement or refund — as long every bit the money order hasn't been cashed.

You'll demand to bring your receipt and the money society itself, if you take it, to the place where it was purchased. The issuer will probably have yous fill out some paperwork, using data from your receipt, and yous'll likely pay a fee. For example, Western Spousal relationship charges $15 to replace a money guild. And it can take a month or longer for the issuer to procedure your claim.

If the money social club was cashed, y'all may still be able to get your coin back, simply y'all'll generally have to involve the police.

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Coin order tracking

Information technology's relatively elementary to find out where a money order is — as long as you've kept your receipt. But the process varies slightly by issuer. The U.S. Postal Service, MoneyGram and Western Union allow y'all to rail online with information such as the series number establish on your receipt and the purchase amount. Your bank should be able to provide you with the same information.

Without the receipt, you'll probable have to file a research asking to notice your money order's serial number, and that's expensive and fourth dimension-consuming. At MoneyGram, for example, information technology costs $40 and can have sixty days to procedure.

But be sure to track the coin lodge with the actual provider — information technology might be Western Wedlock or MoneyGram even if you purchased it at a convenience store.

Are coin orders safe?

Coin orders are typically a safe payment method, but they tin as well be used fraudulently. To protect yourself:

• Endeavour non to substitution money orders with strangers. This isn't always possible, just if you can, enquire to be paid electronically or via another means.

• Watch for crimson flags. These might include sending actress coin back to someone who claims they've paid too much, or visual cues, such as missing watermarks or amounts more than than $ane,000.

• Verify the funds. If y'all can't cash the money society at the place that issued it, call the issuer's official, publicly bachelor phone number to discover out if the document is legitimate.

Source: https://www.nerdwallet.com/article/banking/money-orders

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