![]() Fee: Free under $50 $8 for money orders over $50.Now that you understand the basics of money orders, let’s take a look at the list of 27 places near you that could turn that money order you’re holding into cash! 1. 27 Places Where You Can Cash a Money Order Near You To find out how much a check cashing store near you charges to cash money orders, your best bet is to just give them a call. Their fees also tend to vary by location. While their prevalence makes them convenient, these are usually the most expensive places to cash a money order. No matter where you are right now as you read this article, you are probably no more than a few miles away from one of these stores. Some are even more restrictive by only cashing money orders if they were purchased in one of their stores. Many of these retailers will only cash either Western Union or MoneyGram money orders, depending on who they have partnerships with. Several grocery stores and big box stores will cash money orders for a fee. On our list, we have shown these fees, but please remember that they only apply to non-customers. If for some reason you should want to cash your money order at a bank or credit union that you are NOT a customer of, you can usually do so, but expect to be charged a fee. You can also simply choose to deposit the money into your checking account if you don’t need immediate access to the funds. Nearly all banks and credit unions will cash money orders for FREE as long as you are one of their customers. Let’s take a look at the different types of places that will cash money orders, from least to most expensive. Those that do often charge a fee, and these fees can vary widely from 50 cents to several dollars. While there are countless banks and stores that sell money orders, finding places that will cash them can be a bit more difficult. That’s good news for you if you’ve just received a money order, because as long as the money order is legitimate, it’s about as close as you can come to actually receiving cash.įor those of us who have dealt with the hassle and frustration of being given a check that later bounced, the guaranteed nature of money orders is an attractive perk. In practice, money orders are very similar to checks, with the key difference being that buyers of money orders are required to fully fund them at the time of purchase. The USPS also issues money orders which can be purchased at local post offices but are not sold at third party retailers. Most money orders are issued by one of two companies, Western Union or Moneygram, who, in turn, partner with scores of third party sellers across the United States. 27 Places Where You Can Cash a Money Order Near You.
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