Lets take a look at the different types of places that will cash money orders, from least to most expensive.
Those that do often charge a fee, and these fees can vary widely from 50 cents to several dollars. While there are countless banks and stores that sell money orders, finding places that will cash them can be a bit more difficult. Thats good news for you if youve just received a money order, because as long as the money order is legitimate, its about as close as you can come to actually receiving cash.įor those of us who have dealt with the hassle and frustration of being given a check that later bounced, the guaranteed nature of money orders is an attractive perk. In practice, money orders are very similar to checks, with the key difference being that buyers of money orders are required to fully fund them at the time of purchase. The USPS also issues money orders which can be purchased at local post offices but are not sold at third party retailers. Most money orders are issued by one of two companies, Western Union or Moneygram, who, in turn, partner with scores of third party sellers across the United States. In this post, I list 17 best places to get a money order so you know where to go when you need one!Īlso Check: Can An Inherited Ira Be Converted To A Roth How Money Orders Work The problem however is not all of these places offer the best rates on money orders. The good news is there are many other places that offer money orders. One of the most popular places to get a money order is at a post office.īut it can be a major hassle to get to a post office and then run the risk of there being long lines. Money orders are a popular payment option for people who dont have a checking account.
Many of these companies do charge higher fees and will have certain limits on how much you can buy. There are hundreds of those in several cities, and check cashing companies may be the best choice depending on your location. In addition to convenience stores, banks and money transfer agents, you can also buy money orders at your local check cashing company. In addition to the businesses listed below, we contacted Bank of America, Chase, and KeyBank but were told they only cash money orders for account holders. Our list begins with the overall best options based on their location availability, membership restrictions, amount limits, and fees.
#Who cashes money orders on byrley idaho how to#
If you dont have an ID, see our research on how to cash a check without an ID. Keep in mind that any time you cash a money order, youll be asked to provide a valid, government-issued photo ID. How to write or cash a western union money order
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