![]() Having said that, money orders placed through a bank will often be more expensive than by other means, with fees ranging from $5 to $10. Your own bank is one of the best places to buy a money order for security reasons. Here is a list of some of the options besides MoneyGram that you have. ![]() And the important thing you want to look for is that you aren’t being overcharged in high fees and that the place you order from is legit. However, before making a decision on where to get your money order, it’s important to know all your available options. ![]() You can also pay bills, send money to a bank, and more. They are one of the popular and trusted choices to choose if you want to buy and send a money order online. That’s where a money order is perfect, because your bank information and other info is not included.īefore we get into the options of where to get a money order near you, there is one well-known online place you might want to consider called MoneyGram. With technology and identity theft rampant, you may want to be extra cautious.įor example, you might be purchasing something from a company or person that you don’t know or feel comfortable sharing any personal information. Lastly, you might want to get a money order for privacy reasons. This is common through sites such as Craigslist where people buy and sell large ticket items to strangers. With a money order, you can carry the same amount and not run the risk of getting robbed or losing your money. If you’re buying a large item such as a car from a private seller, you may not want to carry a ton of cash on you. This guarantees that the funds are there and that the money won’t bounce. If you’re buying a large item from a private seller, for example, they may require a money order so they don’t run the risk of not receiving the money. Some sellers prefer being paid with money orders instead of personal checks. By using the US Postal System, you have the opportunity to send a money order to 30 different countries, and your recipient can easily convert the amount into their local country.įees are not too high (compared to some banks) and the system is relatively simple. With a money order, you can send money overseas securely and relatively cheaply. ![]() Plus, most money orders don’t include bank account numbers or sensitive information in order to be sent. If the money order isn’t cashed or is lost or stolen, you can easily cancel it and get a refund, or simply replace it with a new one.Īnd since you have a specific person’s name on the money order, it’s pretty much impossible for a thief to cash it. With a money order, your money is sent securely. Sending cash through the mail is risky since your money has a better chance of getting lost or stolen. You want to use something safer than cash This is useful if you don’t want a bank account or don’t qualify for one. If you don’t have a bank account, you can easily purchase a money order with cash and send it to the receiving party without any bank details needed. The issuing party doesn’t need a bank account in order to send a money order. Well, it’s a personal preference for one but there are a few reasons why a money order may be useful to you: You don’t have a bank account Afterall, there are tons of ways to send people money these days. You might be wondering why you might want to use a money order. But you can use several money orders at once if you need to send a higher amount. Money orders have a limit of anywhere between $700- $1,000, which depends on the issuer. Money orders are available at thousands of locations across the US and are a cheap and secure way to send money across the country. Naturally, if you need to send a money order you want to get it from the location with the lowest fees to save you money.Īnd you can pay for a money order via direct cash, debit card, or any other form of payment that funds would be guaranteed. If you are buying a money order, you will be paying for the issued amount you need plus there will be a fee for creating the money order from where you buy it. The funds are guaranteed and both parties must sign the money order for it to be valid – this reduces fraud, theft and since the funds have already been paid, the order cannot bounce back (unlike a check). It acts as a safer alternative to cash and checks: you prepay the total amount and send the money order to a specific person or organization. However, a money order is pre-paid where you will pay the amount needed upfront plus any fee that is charged for ordering one.
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