Yes, you can deposit a money order online. However, not all banks accept online money order deposits.
If you don’t want to visit the bank or a grocery store to cash a money order then online deposit might seem like a good option. But can you deposit a money order online?
Well, we are about to find out. In this post I will talk about, Can you deposit a money order online? If so then what are your options, what are the fees, how long does it take, and everything else. So, stay with me.
Let’s start by finding out, Can I deposit a money order online with my bank?
Find out Can You deposit a Money Order at an ATM
Can You Deposit A Money Order Online
Yes, it’s possible to deposit a money order online via your bank app or third-party check cashing apps.
Depositing a money order is relatively straightforward. You can deposit them at banks, credit unions, ATMs, and self-serving kiosks. You can even cash them at the post office, grocery chain, and check cashing stores.
All of these require going out and sometimes waiting in line. So, they are not so convenient. But it’s also possible to deposit a money order by sitting on your own home too. Because many banks and credit unions allow users to mobile deposit money orders using their online app.
Keep in mind that MoneyGram prohibits the mobile deposit of their money orders. So you can not mobile deposit any of it’s money order. So, if you are planning for mobile deposit then avoid MoneyGram.
On the other hand, other big money order issuers like Western Union and USPS allows mobile deposit of money orders.
Moreover, all banks do not accept online money order deposits. But there are third-party money order deposit apps too. So, you can easily deposit a money order online. But What app can I deposit a money order?
What App Can I Deposit a Money Order?
There are many available options for depositing money orders online. Some of them are really popular while some of them are not well known. Here are 5 online apps that can be used to deposit money orders online.
- Your Bank or Credit Union App
- Ingo Money
- Brink’s Money
- Netspend
- The Check Cashing Store App
Among these Ingo Money promises to cash money order online instantly for a small fee. So if you need to cash money order online instantly then you can use it.
Keep in mind that your bank or credit union app is your best option. Because they offer free deposits and are safer than third-party apps. Moreover, you don’t need to open a new account and verify your identity.
On the other hand, third-party apps will charge you a small fee. They do not accept international money orders. Moreover, they might not be available in your region either. So, try third-party apps only if your bank does not have this feature.
Can Money Order Be Deposited Internationally?
Yes, money orders can be deposited internationally. However, not all financial institutions are able to process them. As a result, not all banks and mobile money apps accept them.
Money orders are a great way to send money internationally for those who do not have access to a bank account. It’s safer than cash and more flexible than international checks. So, many people use them to send money overseas.
However, the issue with international money orders is that it can be hard to cash sometimes. It’s because payers sometimes purchase a domestic money order and send it overseas by mistake. So, the payer must purchase an international money order.
On the other hand, it’s better to purchase an international money order from a popular vendor like Western Union or MoneyGram. Because they are easily available worldwide they are quite easy to cash. Also keep in mind that some countries like Japan do not allow international money orders. So, how to deposit a money order online
How To Deposit A Money Order Online
You can deposit a money order online if your bank allows it. To do this, you will typically need to
- Log in to your bank’s website or mobile app.
- Navigate to the deposit section.
- Select the “money order” option.
- Enter the money order’s amount.
- Endorse it by signing in the back.
- Take a photo of the front and back of the money order.
- Submit your deposit.
Your bank will then review your deposit and credit the funds to your account within a few days. This method might vary depending on your bank app. But what about third-party apps?
Here is how to deposit a money order online via third-party apps
- Open an account with your desired third-party mobile app.
- Verify your account with an ID.
- Link the account with a mobile wallet or bank account.
- Then log into that account.
- Select the deposit section.
- Choose money order.
- Enter the money order’s amount.
- Take a photo of the front and back of the money order.
- Submit your request.
After verifying the money order your money will be added to your wallet. It can take 5 minutes to a couple of hours for your money to arrive depending on the app.
Keep in mind that these apps will cut a processing fee depending on the amount. This fee can be anything between $2-$10.
Also, Check where can I cash a money order for free
By now we have found the answer to can you deposit a money order online? Now let’s look at some of the related queries.
FAQs
Here are some of the frequently asked questions related to this topic.
Can You Cash Money Orders Online?
Yes, you can cash money orders online by using your bank mobile app or third-party apps. While your bank mobile app might not charge a fee for cashing money orders online third-party apps can charge you a fee. However, third-party makes the funds available faster than your bank.
Can You Deposit A Money Order Online Chase?
Yes, Chase lets you deposit a money order online but it must be payable in US dollars. You need to log in to the chase app and use chase quick deposit feature to deposit a money order online.
Can You Deposit A Money Order Online Wells Fargo
Yes, you can deposit a money order online at Wells Fargo. However, they do not accept US postal money orders. So, you can not deposit them.
In Summary
Depositing a money order online can save you time and money. It’s easy and convenient. Although most major banks and credit unions allow it. However, some don’t so before you try to deposit it carefully read your bank policy on this. On the other hand, if you use a third party app then make sure it’s trusted.
