Postal Service (USPS) is also a money order issuer. But not every office can cash money orders, so check ahead of time to avoid wasting a trip. For instance, you can cash Western Union money orders at Western Union offices. You can also cash a money order at the location that issued it. If you use a bank where you don’t have an account, you’ll pay a fee for the service. You may need to deposit most of it and receive only a portion up front.
#Where to buy money orders full
However, you can’t always receive the full amount in cash right away. Most banks and credit unions let their account holders cash money orders for free.
There are many places to cash a money order, including: Make sure the cash is securely stashed away before you walk out of the store.
Count the money before putting it in your wallet, and ask for a receipt if you didn’t get one. Get Your Cashįinally, the teller will take the money order and hand over your cash. For instance, if you present a $500 money order and pay a $5 fee, you’ll receive $495. In most cases, this fee can simply come out of the amount of cash you receive. Pay Any Applicable Feesĭepending on where you cash your money order, you might have to pay a fee for the service. Options include a driver’s license, a passport, or a military ID. To make sure your identification is accepted, use a government-issued photo ID. When you submit your money order, you must also present an acceptable form of identification to prove you’re the intended recipient. If you endorse it ahead of time and then lose it, whoever picks it up could try to cash or deposit it themselves. Don’t do this until you’re at the location and have determined that it will accept your money order. Walk up to the desk and sign your name on the back of the money order. Some options include convenience stores, grocery stores, and post offices. If you don’t have a bank account, or if your bank is closed when you go to cash the money order, there are many other places to do it. If you have an account at a bank or credit union, you can redeem your money order there for no charge.
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