You can cash a money order for free at your bank or credit union, Money order issuer location, and post office.
In case you have received a money order then you might be thinking, where can I cash a money order for free?
Well, don’t worry. I have got your back. In this post, I will provide a detailed answer to where can I cash a money order for free. Moreover, I will also include some secret tips and answer all the related queries. So, stay with me.
Let’s start by finding out, Are money orders free to cash?
Can You Cash a Money Order for Free?
Yes, you can cash a money order for free at some selected locations. However, your options will be limited.
Money orders are one of the most secure ways to send money to distant places. It mainly serves people who do not have a bank account. When you purchase a money order you pay a flat fee for the purchase. Then the payee can cash the money order at a location of his/her choice.
Most places charge a small fee for cashing a money order. However, some financial institutions do not charge any fee for cashing money orders. Especially, when the money order is bought from the same institution. So, Where can I cash a money order for free near me?
Where Can I Cash a Money Order for Free
You can cash money orders for free at post offices, your bank or credit union, and the money order issuer location.
Here is a list of locations where you can cash money orders without paying any fees
- Your Bank
- Your Credit Union
- Money order issuer locations such as Western Union Locations
- Post Offices
- Rural Carriers
Keep in mind that, whether you can cash a money order for free or not will depend on who is the money order issuer. For example, you can only cash, postal money orders for free at USPS locations. Post offices and rural carriers do not accept money orders issued by others.
On the other hand, you can deposit a money order for free at most banks and credit unions only if you have an account at the bank or credit union. Banks also do not pay you instantly. You can also go to Western Union locations to cash Western Union money orders for free.
Moreover, most Western Union and MoneyGram agents charge a small fee to cash money orders. So, avoid agents for cashing money orders if you want to cash it for free. But How can I cash a money order without a bank account?
Where Can I Cash a Money Order for Free Without Bank Account
Without a bank account, you can go to the money order issuer location to cash the money order for free.
Banks and credit unions are the most reliable place to cash money orders for free. Because most banks offer free deposits if you have an account However, without a bank account it can be tough to cash money orders for free. Then your only option for cashing the money order for free is money order issuer location.
If you don’t have a bank account and receiving a money order then ask your payer to send a USPS money order. Because post offices cash them for free.
Where Can I Cash a Money Order for Free Online
You can cash a money order for free online by using your mobile banking app, Ingo Money app, and Money order issuer apps.
Though your options for cashing a money order for free online are limited. However, it’s still possible. Here are a few places where you can cash your money order online
- Your Bank App
- Western Union app
- MoneyGram app
- Ingo Money app
Keep in mind that, you have to wait for as long as 10 days to get the money if you opt for free money order cashing with Ingo money. If you want to cash money order online instantly On Ingo then you have to pay the fee.
On the other hand, Western Union and MoneyGram apps only have a money order cashing feature in selected regions. So, online banking apps become the most suitable option.
Also, check where can I cash a Western Union money order
By now we have found out where can i cash a money order for free. Now, let’s look at some of the related questions.
Here are some of the frequently asked questions related to this topic.
Can A Money Order Be Cashed Anywhere In The World?
Yes, money orders can be cashed anywhere in the world. However, for cashing it outside the United States the money order has to be an International money order. Because domestic money orders do not work overseas.
Can I Cash Money Order Myself?
You can cash a money order yourself only if you are the recipient of the money order and your ID information matches with the money order information. One of the reasons why money orders are so secure is that only the recipient can cash it.
Can I Deposit A Money Order On Chime?
You can not deposit money orders on Chime. Because Chime only allows mobile deposit of personal checks, business checks, cashier’s checks, and government-issued checks.
Cashing a money order for free is possible when you either have a bank account or a USPS money order. Because cashing a Western Union Or MoneyGram money order for free can be tough. As most of the locations of Western Union Or MoneyGram are operated by agents. So, request a USPS money order if you want to cash it for free.