If you have a bank account you can also deposit a money order directly into your account rather than cashing it. A money order is similar to a check except that it s prepaid.
Make sure the.
How to get a money order without a bank account. Some banks may charge a small fee but many offer money orders for free. Also each bank will have different regulations and fees for buying and selling money orders so make sure to get in touch with your local bank for more information or look it up online before you buy. Step 1 decide on the amount of the money order.
Some banks offer cashier s checks which are similar to money orders. At the post office the u s. Fill out the payee information.
See the table below for a quick comparison of the money order cashing. This makes money orders an accessible form of payment for people in a wide variety of financial situations. The recipient can cash the order at a local bank or credit union there s no.
How to get a money order stop in at any participating western union location. Money orders do not include personal information such as your bank s routing number and your bank account number. Don t have a bank account.
Some banks might sell money orders to non customers too but be prepared to pay even higher fees. Money orders aren t a form of credit and don t require a credit score and you don t even need a bank account to pay for one. But if you don t have a bank account or don t want to use your bank account to cash a money order you can still cash it at a post office or a check cashing store.
Like checks you can deposit money orders into a bank account. 1 x research source if you have a bank account the easiest way to obtain a money order is to go to the teller and ask for one. In some cases you will be able to pay with a credit or debit card step 2 go to your bank.
Instead you buy one with the amount you plan to send to someone. But they re not linked to any bank account. Several money transfer services allow you to both pay in cash and have cash delivered to your receiver.
Money orders work a bit like checks. In addition to paying up front you ll need to list a payee. Many establishments will ask you to pay for the money order in cash.
Purchase for the principal amount you need. Then you sign it and mail to to the proper recipient who can exchange it for cash. See our research on depositing a money order mobile online money order deposits and depositing a money order at an atm for more details.
Sending money through a money transfer service is an option for both sending without a bank account and sending money to someone without a bank account.