Some outlets allow you to buy a money order with a credit card, but others don't, including Walmart and the U. In those cases, you'll have to use a debit card or cash to buy a money order. Even if the provider you choose does let you pay with a credit card, it'll be much cheaper not to. That interest rate might be greater than the rate you'll pay on a normal purchase. Here are four examples of when money orders are the best payment method:. You need to send money securely.
Since money orders require you to pay in advance, you don't need a bank account and you can still pay bills safely. Another option: One of NerdWallet's best prepaid debit cards for regular purchases. Not all money orders work abroad, but U. Postal Service money orders can be sent to about 25 countries. Another option: A wire transfer, if you need the money there faster and are willing to pay more.
Or check out our best ways to send money internationally. Check-cashing locations, convenience stores and grocery stores can be alternatives, but watch out for fees.
Banks accept U. Postal Service money orders as they would regular checks at branches, ATMs or even on a banking app with a mobile check deposit function. How to pick between a cashier's check and a money order.
If you no longer have the money order or you made a mistake on it, you may be able to cancel it and get a replacement or refund — as long as the money order hasn't been cashed. The issuer will probably have you fill out some paperwork, using information from your receipt, and you'll likely pay a fee.
And it can take a month or longer for the issuer to process your claim. 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. It's relatively simple to find out where a money order is — as long as you've kept your receipt. But the process varies slightly by issuer. The U. Postal Service, MoneyGram and Western Union allow you to track online with information such as the serial number found on your receipt and the purchase amount.
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. Just be sure to track the money order with the actual provider — it might be Western Union or MoneyGram even if you purchased it at a convenience store. Money orders are typically a safe payment method, but they can also be used fraudulently. To protect yourself:. Try not to exchange money orders with strangers.
This isn't always possible, but if you can, ask to be paid electronically or via another means. Watch for red flags. Verify the funds. Here's a quick rundown of what you need to do to get a money order:. Be prepared with cash or a debit card, the name of the payee and the amount you want to send. How can I buy a money order? Where can I get a money order? How much does a money order cost? What does a money order cost at some of the biggest U.
Can I buy a money order with a credit card? Monday through Saturday and 10 a. Sunday, but the exact time may vary depending on the store location.? Find and visit your local Walmart store by searching for? Walmart Money Center near me?.? Walmart will require you to provide photo identification when sending or receiving money. This includes:. Only valid government-issued photo identification that is not damaged or expired will be accepted.?
Walmart provides a mobile application available in both Android and Apple stores that includes money transfer services. Anecdotal positive customer review of Walmart Money Transfer is for its speed, usually within minutes.
Since Walmart rides on Moneygram? Here is our complete review on Moneygram. Walmart offers convenient money transfer options. It's easy to send money online internationally for both; cash pick-up or direct deposit to a bank account outside the United States. We recommend Walmart money transfer if you want to send money for an emergency or complete a small amount transaction during your grocery runs.
While the fees of the actual money transfer are flat, there are other costs you should consider. For instance, sending money through Walmart requires you to be at the store to complete your transaction.
This may not be your best option if you want to opt for money transfer services exclusively.? In addition to your gas cost and time of driving to a Walmart near you, back and forth, the fees are high compared to other specialist money transfer service providers.?
In Walmart? Compare that to specialist money transfer service providers who have built their business to facilitate money transfer service. You are more likely to get better exchange rates, lower to zero fees, and a convenient option of sending money through a specialist money transfer service provider.
Here are a few convenient and cheap alternatives to Walmart Money Transfer:. Top Offers from our Best Banks of Check out the best accounts to help you save money and reach your financial goals! View Offers. About the Author John Csiszar. After earning a B. Along the way, Csiszar earned both Certified Financial Planner and Registered Investment Adviser designations, in addition to being licensed as a life agent, while working for both a major Wall Street wirehouse and for his own investment advisory firm.
Check Out Our Free Newsletters! Subscribe Now. In Case You Missed It. By Cynthia Measom. Read More. By Sean Dennison. Chase charges fees for some services, but some can be waived if you meet certain requirements.
Learn how to best avoid fees charged by Chase bank accounts. The costs of overdrawing your account make it harder to save money. Learn how to avoid Chase overdraft fees or get them waived.
By Julie Boehlke. The amount of time it takes for a check to clear depends on where you bank; some banks clear checks within two days, while others may take up to five days or more. Cashier's checks are backed by bank funds and can be used for large transactions, but you can only get them at a bank or credit union. By Brandy Woodfolk.
0コメント