Regarded as a "safe" payment option, various types of money orders are available through banks, money services businesses and even the … If any problems arise, contact the place where you bought the money order to get help. Don’t forget to sign the back of the money order before depositing. Her work has been featured in USA Today and The Associated Press. In the market for a provider? Postal Service money orders can be sent to about 25 countries. Most money orders typically have a $1,000 limit, so yo… Reap a higher return by stashing your cash in a high-yield savings or checking account, a CD ladder or a credit union. A Money Order payable to a business or other organization may only be cashed at their financial institution. , at a location such as a U.S. post office, Walmart or Western Union. If the money order was cashed, you may still be able to get your money back, but you'll generally have to involve the police. That's because credit card issuers typically treat money orders as cash advances, charging a fee based on the amount of the transfer — often 3% to 5% — and assessing interest immediately. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, We want to hear from you and encourage a lively discussion among our users. When to use money orders. Postal Service money orders can be sent to about 25 countries. How much does it cost? Other Options . 7-Eleven. 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 $1,000. The U.S. Fill it out: In addition to the payee’s name, you’ll need to add your name (and maybe your address) and sign the money order. Your best bet is to cash a money order at the same entity that issued it, whether that’s a bank branch, post office or other location. A money order … QFC Money Orders. U.S. Have everything you need: Be prepared with cash or a debit card, the name of the payee and the amount you want to send. You’re sending money internationally. Most banks charge a fee for money orders, though they may waive the fee if you have certain types of accounts with them. When it comes to grocery stores, Publix is one of the cheaper places to get a money order. Without the receipt, you'll likely have to file a research request to find your money order's serial number, and that's expensive and time-consuming. A money order is a certificate, usually issued by a government or banking institution, that allows the stated payee to receive cash on demand. Postal Service. A customer wishing to determine the status of their Money Order(s) when the payee claims it was not received or the sender claims to have misplaced or lost the Money Order will need to call the Money Order Verification Service (MOVS) at 1-800-563-0444. In Canada, the postal money order is a money order issued and guaranteed by Canada Post, used to pay a specific amount of money to a third party specified on the money order. You buy a money order by prepaying the amount printed on the face of the money order with cash or another form of guaranteed funds. However, both of these companies allow money orders to be sold at several locations around the U.S. You can purchase a money order with cash or with a debit or credit card. Not all money orders work abroad, but U.S. Money orders are useful for transactions where you can't or don't want to use cash, a personal check, a bank or cashier's check, or a credit card.. Money orders have certain advantages, like being fairly safe to send through the mail because they can be tracked, and they don't let the recipient see any of your bank information. Postal Service (USPS) locations sell money orders, as do many grocery stores, convenience stores, and general retailers — we list more than 50 places that sell money orders. All about money orders Maximum amount per money order – $999.99 ; Fee per money order – $7.50* There’s no fee to cash a Postal Money Order at any post office in Canada; Cash and debit card are the only acceptable methods of payment (you can’t pay with a … All financial products, shopping products and services are presented without warranty. If any problems arise, contact the place where you bought the money order to get help. Even if yours does, you might find yourself waiting in line. ** Western Union also makes money from currency exchange. 4 Ways to Earn More Interest on Your Money. Pre-qualified offers are not binding. 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