Does 711 do money orders? (Type, price, etc!)
Money orders are one of the safest forms of paper money transfers and are usually available at certain financial institutions like banks and credit unions.
Today, they are also available at your local 7-Eleven store.
In this article, we’ll discuss how to access and use money orders at 7-11. and requirements, restrictions and policies related to the use of 7-11 money orders.
Does 711 do money orders?
Yes. 7-11 Do the money order. However, they don’t do all the money orders. 7-Eleven accepts Western Union or MoneyGram money orders only. Because these two are the most convenient money orders, you can cash them with a credit card.
Can I buy money orders with a credit card?
7-11 accepts credit cards for money orders. However, the credit card issuer will charge a money order fee as a cash advance. This will result in additional charges and interest payments, which may affect our credit score.
Can I buy a money order with a debit card at 711?
In addition to cash, you can also use your bank debit card to buy MoneyGram and Western Union money orders from 7-Eleven.
how? After making a request to the 7-Eleven cashier, they will ask you to pay by credit card or cash.
711 Cash draft
7-11 dishonoured bills of exchange. However, you can use them to pay bills or buy products or services.
If you do not want to send money orders. It might seem ideal for 7-Eleven to be able to honor orders, but it’s not safe.
Because there is a risk of losing your money order to a thief who can cash it before it reaches the recipient. This policy is to ensure customer trust.
What is the maximum limit for a 7-11 money order?
According to the 7-Eleven website, the maximum amount for a money order is $500.
notes: You can only get higher money order limits from your bank or credit union.
How much is the money order fee for 7-11?
All 7-Eleven branches in the US charge up to $1.50 per money order. So, if you want to send $2,000 worth of money by money order, you only need to buy four money orders.
A money order may be up to $1.50. This means you will pay nearly $5 for all money orders.
notes: However, in some cases, 7-Eleven money orders now cost between 1% or 3% of the amount.
How to buy a 7-11 money order
Here are the steps to buy a money order at 7-11:
Step 1: Approach the counter
Go to the 7-11 counter to request a money order. They should give you a MoneyGram or Western Union money order. You must pay by cash or check (the amount you wish to purchase).
Step 2: Determine the amount
Select the amount you want to send to the recipient by money order. At a 7-Eleven store, you can deposit up to $500 on a money order. So if you are sending a money order for $1000, you will need two money orders.
Step 3: Pay the fee and get a receipt.
Once you make your selection, the 7-Eleven cashier will ask you to pay a 1% or 3% fee on your money order deposit as soon as you present your government ID to confirm your identity. The cashier will process your money order and give you the receipt.
notes: If you send money orders worth up to $1000, showing your ID becomes essential.
Step 4: Obtain a postage-paid envelope.
It will help if you consider sending the money order to the recipient. You can use the postage-paid envelopes provided by 7-Eleven stores, which you can mail to your recipients free of charge.
The maximum money order amount you can put in an envelope is $1000. So it’s just a 7-11 money order for two dollars. If you decide to send $1500, $2000 or more, you will need one or more additional envelopes.
Step 5: Track Your Order
After purchasing a money order and providing all necessary information, the cashier will process your transaction. At this point, you should review tracking your money order.
How long does it take for the money order to reach the recipient?
Generally, money orders take up to 7 business days. You should be able to confirm the transaction.
If you can’t confirm the transfer after 14 business days, there may be a problem with your money order.
How long does it take to track a money order (lost or stolen?)
It may take up to 30 days for you to confirm whether your money order has been lost or stolen. If your money order transaction goes wrong due to theft, it will take another 30 days to find the preparer.
Do 7-11 money orders expire?
Yes, the money order has expired. 7-Eleven’s money order is only valid for one year.
This means that a bill of exchange signed and endorsed on December 1 will be invalid on December 31 of the following year.
What are the advantages and disadvantages of money orders?
advantage
- You do not need your personal information – Bills of exchange are very discrete. Because you don’t need any personal information to complete the transaction, that’s why the person who stole the money order doesn’t have any sensitive banking information to link you to it.
- it is safe – Money order allows you to track anyone using your money order. This makes money orders safer than checks or dollar bills.
- you don’t need a bank account – When using money order, your transaction will be free of any bank charges as your account number is not required.
- Great for international money transfers – If you are abroad, you can always send some cash home via 7-11, as they accept overseas money orders. From MoneyGram or Western Union.
shortcoming
- maximum lower limit – 7-Eleven’s money order limit is $500. Therefore, you have to buy several money orders to send a higher amount to the recipient.
- expensive – The cost of money orders tends to be high as the price of money orders can be higher depending on the area of the 7-11 branch.
- cash or check – 7-Eleven generally accepts cash or checks. If the situation is bad, they may accept credit card payment.
- they may get lost – Sometimes money orders can get lost in transit if you don’t send them through the proper channels. For example, it’s more likely to get lost after you buy it online and try to send it through the post office.
notes: With a trusted private courier company like FedEx, your money order will be safer.
Want to learn more about 7-Eleven? Check out our related posts to find out if 7-11 offers cigarettes or how to add money to your Cash app at 7-11.
in conclusion
Money order is one of the most widely accepted payment methods because it is fast and very convenient.
You can pick one up at your local 7-11 right now, which is much better than trekking to the bank to pay over the counter.
Also, based on what we’ve covered, it should be easy for you to find your way around when making money orders.
