- Money orders are typically capped at $1,000.
- Some places may limit them to smaller amounts.
- If you need to purchase multiple money orders to get around the limit, you may be better off getting one cashier’s check for the full amount.
Then, How much do Walmart money orders cost? How much does a Walmart money order cost? While the exact charge varies by store, it’s no more than $1 at your local Walmart, and that’s a very competitive fee. The U.S. Postal Service, by comparison, charges $1.45 for money orders up to $500, and $1.95 for money orders between $500 and $1,000.
however, Can you get a money order over 1000?
Maximum Issue Money orders typically have maximum limits around $700 or $1,000, although actual limits depend on the issuer. Cashier’s checks, on the other hand, are available for much larger amounts.
Do money orders get reported to the IRS? When a customer uses currency of more than $10,000 to purchase a monetary instrument, the financial institution issuing the cashier’s check, bank draft, traveler’s check or money order is required to report the transaction by filing the FinCEN Currency Transaction Report (CTR).
Yet, What’s the difference between a money order and a cashier’s check? The Differences Between Money Orders and Cashier’s Checks Money orders are typically offered in smaller amounts, can be bought at many different locations and cost just a few dollars. Cashier’s checks, on the other hand, are often issued in large amounts, can be purchased from your bank and cost a little more to get.
Can I purchase a money order at Walmart?
You can purchase Money Orders from any Walmart Supercenter or Neighborhood Market at the Customer Service Desk or Money Services Center. You’ll need: Payment for amount of the money order & the money order fee.
Who has the cheapest money order?
Money orders usually cost less. Walmart has some of the best prices for money orders, charging a maximum of 88 cents for amounts up to $1,000 with valid government-issued photo ID. The U.S. Postal Service charges from $1.25 to $1.76, depending on the amount. Banks often charge around $5.
How much is a money order at Walgreens?
Walgreens Money Transfer vs. the Competition
| Walgreens vs. Competition | ||
|---|---|---|
| Service | Fees | Maximums |
| Walgreens Money Transfer | $0.99 and up | $6,000, but only up to $300 if receiving a money transfer |
| MoneyGram | $5 and up | Approximately $10,000 per 30 days |
| United States Postal Service money orders | $1.45-$1.95 | $1,000 |
Jan 18, 2022
Can I get a money order for 1500?
USPS Money Orders Domestic money orders can only be purchased for up to $1,000. Anyone that needs to send more than $1,000 will need to get two separate money orders. Tip: If you need to send more than $1,000 on a regular basis, consider opening a checking account at a bank so you can obtain cashier’s checks.
How much are Walmart money orders?
How much does a Walmart money order cost? While the exact charge varies by store, it’s no more than $1 at your local Walmart, and that’s a very competitive fee. The U.S. Postal Service, by comparison, charges $1.45 for money orders up to $500, and $1.95 for money orders between $500 and $1,000.
Do money orders get reported to IRS?
When a customer uses currency of more than $10,000 to purchase a monetary instrument, the financial institution issuing the cashier’s check, bank draft, traveler’s check or money order is required to report the transaction by filing the FinCEN Currency Transaction Report (CTR).
How much is a money order at CVS?
CVS issues money orders at their over 9,900 locations. CVS uses MoneyGram money orders, a provider of money transfers and payment services. CVS sells money orders for $1.25 with a maximum amount per money order of $500.
How long do money orders take to clear?
It can take up to 30 days for the issuer to confirm the money order’s loss or theft. Depending on the issuer, you may have to pay a fee. For example, Western Union charges $15 for a refund — $3 for money orders of less than $20 — if you have a receipt or $30 for any refund without a receipt.
Is a money order traceable?
You can see if a money order has been cashed by checking the USPS website. Your money order receipt contains the information you need to track it. To view the status of the money order, you’ll need to provide the following information: Serial number.
Do you need ID for money orders?
Money orders require valid photo identification from both the sender of the order and the recipient.
Can you pay for a money order with a debit card at Walmart?
You can use cash or a debit card to buy money orders at the post office, Walmart, Western Union and your bank or credit union.
What is the highest amount for a money order?
Depending upon where you purchase a money order, the fee ranges from $0.35 to $2.00. Money orders are typically capped at $1,000. Some places may limit them to smaller amounts. If you need to purchase multiple money orders to get around the limit, you may be better off getting one cashier’s check for the full amount.
Can I get a money order for $2000?
Domestic money orders can only be purchased for up to $1,000. Anyone that needs to send more than $1,000 will need to get two separate money orders. Tip: If you need to send more than $1,000 on a regular basis, consider opening a checking account at a bank so you can obtain cashier’s checks.
What is the largest postal money order?
The maximum amount of any single money order is $1,000. b. Without exception, no customer may buy money orders on any 1 day whose total value exceeds $10,000. This daily limit applies regardless of the number of visits made by a customer to one or more postal facilities.
What’s the limit on a money order?
Money orders are typically capped at $1,000. Some places may limit them to smaller amounts. If you need to purchase multiple money orders to get around the limit, you may be better off getting one cashier’s check for the full amount.
