Keep your receipt to track the money order.Fill out the name of the person you are sending the money order to in the “Pay to the Order Of” field.Fill out your name and address in the “From,” “Sender,” or “Remitter” field.These are the steps to fill out a money order: Once you’ve bought your money order, you need to fill out the document. You also may need to show a photo ID at the time of purchase. It’s usually best to pay in cash, with a debit card, or with a traveler’s check. This type of transaction on a credit card is usually considered a “cash advance.” Most financial institutions charge a fee plus high interest rates on cash advances. If you do pay by credit card, extra charges may appear on your credit card bill. Some money order locations allow you to use a credit card as a form of payment but not all. You’ll need some information about the person you are sending the money order to and a form of payment. For international money orders, the USPS charges an issuing fee of $49.65 plus a processing fee based on the country you’re sending the money order to.ĭouble-check the cost before choosing where you get a money order-the most convenient spot may not be the cheapest. There might also be different fees based on the value of the money order.įor example, for domestic money orders, the USPS charges $1.65 for amounts up to $500 and $2.20 for amounts between $500.01 and $1,000, as of this writing. It’s usually pretty low for domestic money orders, but international money orders can be more expensive. Some grocery stores, convenience stores, and other retailers, like CVS, Walmart, Kroger, Publix, 7-11 and Safeway, often in partnership with MoneyGramĪll of these places will charge a fee for creating a money order. ![]() Some retail banks and credit unions, like Wells Fargo or Chase.Here are some of the places where you can buy a money order: Fortunately, there are plenty of places where you can go for a money order. If you’re used to online banking, this may be something of an inconvenience. ![]() You will need to buy a money order in person. You can buy a domestic money order for payments sent within the U.S or an international money order for payments sent outside the country. Once you have filled out the money order and paid for it, you can give it to the person named on the order, either in person or by sending it in the mail. ![]() That way, the person receiving the money (the payee) has a guarantee they will receive the value of the money order from you (the payer). With a money order, you pay for the value of the money order in person at the point of purchase. When you write someone a personal check, the person receiving the check has to trust there will be enough money in your account when they cash it. It’s like a personal check that can’t bounce. A money order is a prepaid paper payment method.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |