Helpful tips

How do MoneyGram money orders work?

How do MoneyGram money orders work?

A MoneyGram money order can be deposited into your bank/credit union account or cashed at many check cashing locations. Each location has their own policy for cashing money orders and may charge a fee to cash the money order. Most check cashing locations will require ID to cash the money order.

Is MoneyGram same as money order?

A MoneyGram works much like a money order, but it is much faster. The funds you send are normally available to the receiving party within 10 minutes. A traditional money order, such as one purchased from the postal service, may take several days to arrive at its destination.

Are money orders a payment method?

A money order is a method of paying for something with cash using a check from a third party. You pay for the money order, and the third party issues you a check that you can give or send to someone. This person deposits the money order in their bank account or exchanges it for cash at a business or post office.

How do I cash a money order I bought?

How to Cash a Money Order

  1. Bring your money order to a location that will cash it. You can take the money order to your bank, credit union, grocery store, and some retail stores.
  2. Endorse your money order.
  3. Verify your identity.
  4. Pay service fees.
  5. Receive your cash.

Can I cash a MoneyGram money order at the post office?

Research the location where you will cash your money order Many retail locations have a money transfer outlet like Moneygram or Western Union counter to make the process convenient. Many consumers send money orders from the United States Post Office, and a local post office will cash USPS money orders.

How do I check a MoneyGram money order?

How can I find out if it has been cashed? You can find out if your money order has been cashed online by clicking Money Order Status or by calling our automated line at 1-800-542-3590.

How do you pay for money orders?

How to Send Domestic Money Orders

  1. Decide on the money order amount.
  2. Go to any Post Office location.
  3. Take cash, a debit card, or a traveler’s check.
  4. Fill out the money order at the counter with a retail associate.
  5. Pay the dollar value of the money order plus the issuing fee.
  6. Keep your receipt to track the money order.

What address goes on a money order?

Fill in your address where the money order asks for the purchaser’s address. There may be a second address field where you can fill in the address of the person or business you are paying or sending money to.