![]() ![]() In fact, the perception that they are safe is exactly what makes them perfect for scams, and they’re sometimes prohibited as a form of payment because of this risk. Target for scammers: Money orders are traditionally considered safe, but they can be used in fraud.Fees can add up: If you’re using money orders regularly because you lack a checking account, fees will add up fast, especially if you have to make sizable payments that require multiple money orders.Varies by institution but most banks/credit unions charge about $5 per money order Up to $1,000: 70 cents (may vary by location) Up to $1,000: $1 max fee (exact fees vary by location) So, if you need more than $1,000, you’ll likely need to purchase multiple money orders.ĭepending on the provider you go with, this is typically how much a money order will cost you at the following locations: Provider Keep in mind that most money orders have a $1,000 limit. You can pay for a money order with cash or a debit card. Money orders are relatively inexpensive, but you will most likely get a better deal at a supermarket or convenience store than you would at a bank or credit union. When purchasing a money order, be prepared to pay for both the face value amount of the money order and its associated fee. Even some major retailers like Walmart may offer a counter where you can buy a money order. ![]() Money transfer outlets, which include places like Western Union or MoneyGram, as well as some convenience stores, drugstores, supermarkets, and check-cashing outlets.You can find a post office near you using the USPS locator. post office accepts debit cards as payment for money orders. If you are looking for a secure payment method, you can purchase a money order at the following places: ![]()
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