Talk with the business or person before handing over a money order. If you are insistent on getting a money order through a local bank, they may want you to have an account before they process it for you.įor those sending money orders overseas, you may be limited to an amount that is less than $1,000. For example, the USPS will charge close to $6 if you needed to cancel it, while the Western Union will charge you closer to $15. If you need to cancel a money order, it will cost you anywhere between $6 to $15 or more. Some companies, such as the USPS and Western Union, can replace your money order for a fee that ranges anywhere from $5 to $35. International money orders can cost an additional $3 to $6. In some circumstances, you can track a money order for a small fee. So if you had to purchase $1,500 worth of money orders, you would have to purchase two separate money orders, which means you will have to pay for each one. Single money orders will have a maximum limit that is usually around $1,000. Fraudulent money orders have been issued, so the post office or a bank is the safest place to purchase one. The post office and banks should have some type of watermark or seal on the money order to show that it is backed by an approved institution. With a money order, there are guaranteed funds backing up the check. With regular checks that are connected to your bank account, you can bounce a check when someone cashes a check you have written while you have insufficient funds. The security that is offered by money orders is that this check will never bounce. While a cashier’s check is backed by a bank account, a money order will be backed by smaller organizations because of this, some deem a money order as being less secure. Similar to a cashier’s check, a money order will usually have a cap to how much you can put on it. USPS has a list of countries that can cash money orders. However, the only two people that can cash them are the person to whom it is written and the person who purchased it. Money orders will always be valid and they will never expire. However, you won’t be able to get a money order at a pouplar grocery store chains such as Aldi, Costco, Cub Foods, Farm Fresh, Food Lion, Giant Eagle, Sam’s Club, Save-a-Lot and Whole Foods. LocationĪs noted above, a money order can be purchased at most grocery stores, convenience stores, pharmacies, check cashing stores, the post office and even online. Purchasing a money order online can cost as much as $5 to $10 per $1,000 needed. At the post office, if the money order is going to be sent to a military member, the cost can be as low as $0.40. These prices are valid as of June of 2017. Refer to our table below to see what a money order could cost at various locations.įor example, claims that a standard money order can cost $0.70.Īt the post office ( ), a money order that is valued from $0.01 to $500 can cost $1.20, while a money order for $500 to $1,000 will cost $1.60. This will depend on where you get your money order. On average, a money order will cost anywhere from $0.70 to as much as $10. “ International money order” ( CC BY-SA 2.0) by Dvortygirl How much does a money order cost?
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