Where Can You Cash A Usps Money Order? (List Of Places)
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Louis DeJoy
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75th United States Postmaster General |
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Assumed office June 16, 2020 |
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| President |
Donald Trump Joe Biden |
| Deputy | Douglas Tulino |
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Preceded by |
Megan Brennan |
| Personal details | |
| Born |
1957 (age 64) [1] New York City , New York , U.S. |
| Political party |
Republican |
| Spouse(s) |
Aldona Wos |
| Children | 2 |
| Education |
Stetson University ( BBA ) |
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Money orders, which are a cost-effective and easy way to pay and receive money without a checking or debit account, can be made when both parties do not own a checkbook.
Postal Service, one of the largest and most crucial organizations in America, sells money orders at low rates to all of their offices.
But if you receive one, where can you cash a USPS money order? Is there a location near me? These are the facts.
How can you cash an order of USPS Money in 2022
USPS money orders can be cashed in many places including Post Office locations as well as some banks and convenience stores. The Post Office will cash USPS money orders at no cost, but it may charge a fee to do so elsewhere.
Below is a listing of places, such as banks, that you can cash your USPS money order or deposit it.
Post Office Locations – Post Office cashes its own money orders. Bonus: They do this for no cost.
Bank of America — This bank won’t cash money orders until you open an account.
Capital One is another huge financial institution. They will cash money only if you already have an account.
If you wish to cash the money, you will need at least the money order amount in your bank account.
If not, you can deposit the money order into your account.
Fifth Third Bank – These banks will cash money orders even for those who do not have an account.
Chase Bank- Chase Bank is just like Capital One. To be eligible for cash you’ll need an account.
Regions – For a fee of five percent, non-accountholders can cash money orders at Regions branches.
PNC Bank- This is a regional bank that’s based in Pittsburgh. You must open an account to cash money orders. You might be subject to some restrictions.
Wells Fargo: Another bank you need to open an account with. However, deposits are not allowed. The date that the money order is cleared depends on the amount.
Check-cashing sites include United Check Cashing (Money Mart), Check Into Cash and Money Mart. However, there are some locations that have the most expensive fees.
Albertsons grocery shops: Visit the website for more information or to place an order, and make sure that your area cashes.
Kroger grocery shops: There are over 2700 Kroger locations across the U.S. Some Kroger stores can cash money orders at a nominal fee. You can verify by checking beforehand.
Do Banks Accept USPS Money Orders?
Yes, many banks do cash USPS money orders.
Bank of America, Chase, Wells Fargo and others require an account to cash your money order.
A few require that you have the balance on your check in your bank account to be able to cash the money order.
If you have a financial institution that you use, I would say they are the best second choice option (after the Post Office) for cashing a USPS money order.
To find out whether your bank offers money order cashing, check their website. They will likely offer it free of charge if they do.
Non-account holders can cash money orders at some banks such as the Regions bank, although they will have to pay a fee.
According to me, check-cashing sites are better choices than banks that accept USPS money orders of non-account holders.
Even though you will still have to pay a fee, it appears that it’s still less than you would pay at, say, a Money Mart.
Do your homework and research the fees in your region.
Is it possible to cash a USPS money order?
It can only be cashed by the USPS money order recipient.
Unfortunately, this means that if your time is limited and you are unable to go to the Post Office to cash your money order one day, it will not be possible to send another person in your place.
Money orders will be handled in the same way as checks. For the funds to be received, proper ID is required (along with a matching signature).
Can You Mobile Deposit A USPS Money Order?
Many banks have mobile apps that allow you to make mobile checks, but money orders can be arranged by other bank branches.
Bank of America doesn’t allow mobile deposit of money order (though they cash them in person, for account owners).
Big banks such as Citibank or Fifth Third Bank have apps that allow you to deposit money via mobile.
Huntington Bank is one bank in regional that also has mobile money order deposits.
How can you cash a postal money order?
USPS money Orders are great. These can be obtained from many Post Office locations all across the country.
You can simply find the location where USPS money is cashed and bring that with you to the building.
It is not necessary to sign it immediately. The teller/cashier will ask you to sign the document (or endorse it).
Be sure to show your ID to prove that you are the intended recipient of the money order
All you need is to cash the check. It is pretty similar to cashing your check.
You can read more information about USPS by reading our posts: Does USPS sell money orders? Do USPS charge weight and size for shipping charges? Is USPS accepting Apple Pay?
USPS money Orders can be cashed at any U.S. location and are an excellent alternative to cash or debit card payments.
Post Offices offer the easiest and best service. Many banks, check-cashing and grocery locations will accept checks, though this can often be a costly affair.
.Where Can You Cash A Usps Money Order? (List Of Places)