How Can You Cash A Money Gram That Isnt In Your Name?

Cardinal takeaways

• A money gild is a safe alternative to cash or a personal cheque; it works similar a check so you can cash it or deposit it into a bank business relationship.

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

• You can utilize greenbacks or a debit carte du jour to purchase money orders at the mail office, Walmart, Western Spousal relationship and your bank or credit union.

How do money orders work?

A money order is a piece of paper that's a safe culling to cash or personal checks. You specify who will receive the money order, and both you and that person must sign information technology for it to be valid, which cuts down on theft.

You also prepay for a money social club , at a location such as a U.Due south. postal service office, Walmart or Western Wedlock. Go along in mind that many accept a $1,000 limit, including those that yous purchase at banks.

How can I buy a money order?

• Accept everything you lot need: Be prepared with cash or a debit carte du jour, the name of the payee and the amount you want to send. Paying with a credit card might be possible, but volition unremarkably price extra.

• Fill it out: In addition to the payee'south name, you lot'll demand to add your name (and maybe your accost) and sign the coin order. (For step-by-footstep instructions, check out NerdWallet's guide on how to fill out a money order .) Exist careful to ensure that everything is accurate because y'all won't be able to change the information afterward.

• Go along the receipt:  The receipt will be a carbon re-create of the money social club or a paper slip recording the data entered on the money order.

• Track your money order:  Your receipt will also have a tracking number that you can use to verify that the money order got to the intended recipient. If any problems arise, contact the place where you bought the money order to get help.

Where can I get a money order? How much does a money order toll?

Domestic money orders have a range of costs, from nether a dollar up to around $5, depending on where you buy them. Y'all'll become a meliorate bargain at Walmart or a convenience store or supermarket, and y'all'll typically pay more than at a bank.

Not all providers offering international money orders; some post offices do, just they cost more, although there's a disbelieve for those purchased at military machine mail service offices. And no matter where you buy them, it's safer to buy in person.

Provider	Cost
Walmart	Up to 88 cents
Money transfer agents (convenience stores, supermarkets, etc.)	Depends on the provider. For example, San Francisco-area Western Union providers often accuse around $1.
U.S. Postal Service	Up to $500: $ane.25 $501-$1000: $1.70 Military money orders: 45 cents International (up to $700): $x.25
Banks and credit unions	Depends on the financial institution. Often effectually $5.
In the market for a provider? Here are our best ways to send money .

What does a money society cost at some of the biggest U.S. banks?

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

Bank	Details
American Limited® National Bank, Member FDIC 4.five NerdWallet rating	Money orders non offered.
Banking concern of America 3.v NerdWallet rating	Coin orders not offered.
Chase three.five NerdWallet rating	$5 for up to $1,000; complimentary for premium accounts. Must be purchased in a branch.
Wells Fargo 3.5 NerdWallet rating	$5 for upwards to $1,000. Must be purchased in a branch.

+ Click hither for more banks and what they charge

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Can I buy a money club with a credit menu?

Some outlets permit you to buy a money order with a credit card, simply others don't, including Walmart and the U.S. Mail service. In those cases, you'll have to use a debit card or cash to buy a coin guild.

Fifty-fifty if the provider you lot cull does permit y'all pay with a credit card, information technology'll be much cheaper not to. That's because credit card issuers typically treat money orders equally greenbacks advances, charging a fee based on the corporeality of the transfer — often iii% to 5% — and assessing interest immediately. That interest rate might exist greater than the rate you lot'll pay on a normal purchase.

When should I use a coin order?

There are times when using cash or personal checks tin put you at gamble, or they aren't accepted for payment. Here are four examples of when money orders are the all-time payment method:

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

• You don't accept a checking account. Since money orders crave you to pay in advance, you don't need a bank business relationship and you lot can still pay bills safely. Some other option: One of NerdWallet'south best prepaid debit cards  for regular purchases.

• You're worried most bouncing a check. Because coin orders are prepaid, they can't be rejected for insufficient funds. Another choice: A certified check or a cashier's check, both of which guarantee payment and don't necessarily have a $1,000 limit, unlike many coin orders. ( Read up on certified checks  and find out more than nigh cashier'south checks .)

• You're sending money internationally. Non all money orders work abroad, but U.S. Post money orders can exist sent to nearly 25 countries. Another option: A wire transfer, if yous need the coin in that location faster and are willing to pay more than. Or check out our best means to send coin internationally .

Where can I cash a money order?

Your best bet is to greenbacks a money lodge at the aforementioned entity that issued it, whether that's a banking company branch, post office or other location. Cheque-cashing locations, convenience stores and grocery stores can be alternatives, just picket out for fees. Wherever you get, you'll probably need to bear witness identification.

If you lot don't need the money right away and you have a bank account, consider depositing it. Banks have U.Southward. Postal service money orders every bit they would regular checks at branches, ATMs or fifty-fifty on a cyberbanking app with a mobile bank check deposit function. Don't forget to sign the back of the money order before depositing.

What do I do if I lost a money club?

If you no longer accept the coin guild or you made a error on it, y'all may be able to abolish it and get a replacement or refund — equally long as the coin order hasn't been cashed.

Y'all'll need to bring your receipt and the money order itself, if you take information technology, to the identify where it was purchased. The issuer will probably have you fill out some paperwork, using data from your receipt, and yous'll likely pay a fee. For case, Western Matrimony charges $fifteen to supplant a money order. And it tin take a calendar month or longer for the issuer to procedure your claim.

If the coin society was cashed, yous may still exist able to get your money dorsum, but you'll generally have to involve the police force.

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Coin order tracking

Information technology'due south relatively simple to observe out where a money order is — equally long every bit you've kept your receipt. But the procedure varies slightly by issuer. The U.S. Postal Service, MoneyGram and Western Union allow you to rail online with data such as the serial number found on your receipt and the purchase amount. Your bank should exist able to provide you with the aforementioned data.

Without the receipt, you'll likely have to file a research request to find your money order's serial number, and that'due south expensive and time-consuming. At MoneyGram, for example, information technology costs $40 and tin can have 60 days to process.

Just be sure to track the money order with the bodily provider — information technology might be Western Marriage or MoneyGram even if you purchased it at a convenience store.

Are money orders safe?

Money orders are typically a safe payment method, simply they can besides be used fraudulently. To protect yourself:

• Try not to exchange money orders with strangers. This isn't always possible, but if y'all can, enquire to exist paid electronically or via another means.

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

• Verify the funds. If yous can't greenbacks the money lodge at the place that issued it, call the issuer'due south official, publicly bachelor phone number to find out if the certificate is legitimate.

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

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