KROGER MONEY ORDER FOR FREE

In general, you can’t purchase a money order online since it’s difficult for a money order issuer to verify a purchaser’s identity and payment method over the internet. Do not sign the money order before you’re ready to cash or deposit it- you may have to sign it in front of the teller or associate, and you’ll need to provide a government-issued photo ID. When you deposit or cash a money order, you’ll need to endorse it on the back. You can often deposit a money order into your bank account without a charge. You’ll typically pay the lowest fees to cash a money order at the issuing institution. You can generally cash a money order at your bank, the issuer, some retailers, cash-checking stores and other institutions, but you may have to pay a fee. The recipient may face fees when cashing or depositing the money order in their home country. There’s a $12.25 issuing fee and a processing fee that varies depending on the recipient’s country. For instance, the USPS has a purchase limit of $700 for international money orders ($500 for money orders going to El Salvador or Guyana). International money orders allow you to send money to a recipient outside the United States, though the purchase limits and fees differ from domestic money orders. Alternatively, you can hand over a money order in person. Place the money order in an envelope, include the recipient’s address and your return address on the front and apply postage. Mail a money order just like you would a check. Some rural mail carriers may even be able to cash USPS money orders on their routes if they have enough cash on hand. For instance, you can cash a USPS money order at a post office for no charge.

KROGER MONEY ORDER FOR FREE

But you can deposit a money order fee-free into your bank account and usually cash it for free at the issuing institution. Check cashing stores, convenience stores and retailers often charge a fee. Money orders can cost as much as $5 at a retail bank.Ĭashing a money order may cost you, depending on where you take it. USPS charges $1.45 for money orders of up to $500 or $1.95 for orders between $500.01 and $1,000. What Does a Money Order Cost?Įach money order has a nominal fee, which can cost around a dollar at some retailers and check cashing stores. If you purchase a money order from your bank, you’re generally able to pay for the face value of the money order and the fee from your checking or savings account. Some retailers, including pharmacies, grocery stores, big-box retailers and convenience storesīe prepared with a way to pay for both the face value of the money order and the fee.

The United States Postal Service (USPS).There are a number of institutions that sell money orders. In most cases, you must pay with cash or a debit card, although some providers allow you to buy a money order with a credit card. This means a money order can’t be returned for insufficient funds, unlike a check that can bounce. When you purchase a money order, you must prepay the face value of the order along with the issuer’s fee. It’s important to fill out the money order carefully since you may be unable to correct a mistake. Generally, you can expect to fill in your name in a spot labeled either “purchaser” or “from,” and you will fill in the reason for payment in the “memo” line. Money orders have empty spaces, where you’ll fill out these details: Like paper checks, money orders require that you include specific information. If you buy more than $3,000 worth of money orders in a single day, you’ll be required to complete a special form and produce a government-issued photo ID. For example, at the United States Postal Service (USPS), you can’t purchase a money order for more than $1,000. Just make sure to keep your receipt, so you can track and recover funds if your money order is lost or stolen. Having both pieces of information printed on a money order makes it difficult for anyone other than the payee to cash it. When purchasing a money order, you must provide the payee’s name (the recipient), and the issuing financial institution’s name must be on the order. You purchase a money order with cash or another guaranteed form of payment, such as a traveler’s check or debit card.

Unlike a check, money orders can’t bounce. Much like a check, a money order is a paper payment.

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