Bank of America. Must be purchased in a branch. Wells Fargo. Ally Bank. Citizens Bank. TD Bank. Note that many banks will only sell money orders to accountholders. Some outlets allow you to buy a money order with a credit card, but others don't, including Walmart and the U. In those cases, you'll have to use a debit card or cash to buy a money order. Even if the provider you choose does let you pay with a credit card, it'll be much cheaper not to. That interest rate might be greater than the rate you'll pay on a normal purchase.
Here are four examples of when money orders are the best payment method:. You need to send money securely.
Since money orders require you to pay in advance, you don't need a bank account and you can still pay bills safely. Another option: One of NerdWallet's best prepaid debit cards for regular purchases. Not all money orders work abroad, but U. Postal Service money orders can be sent to about 25 countries.
Another option: A wire transfer, if you need the money there faster and are willing to pay more. Or check out our best ways to send money internationally. Check-cashing locations, convenience stores and grocery stores can be alternatives, but watch out for fees. Banks accept U. Postal Service money orders as they would regular checks at branches, ATMs or even on a banking app with a mobile check deposit function. How to pick between a cashier's check and a money order.
If you no longer have the money order or you made a mistake on it, you may be able to cancel it and get a replacement or refund — as long as the money order hasn't been cashed. The issuer will probably have you fill out some paperwork, using information from your receipt, and you'll likely pay a fee. And it can take a month or longer for the issuer to process your claim.
If the money order was cashed, you may still be able to get your money back, but you'll generally have to involve the police. It's relatively simple to find out where a money order is — as long as you've kept your receipt. But the process varies slightly by issuer. The U. Postal Service, MoneyGram and Western Union allow you to track online with information such as the serial number found on your receipt and the purchase amount. Without the receipt, you'll likely have to file a research request to find your money order's serial number, and that's expensive and time-consuming.
Just be sure to track the money order with the actual provider — it might be Western Union or MoneyGram even if you purchased it at a convenience store. Money orders are typically a safe payment method, but they can also be used fraudulently.
To protect yourself:. Try not to exchange money orders with strangers. This isn't always possible, but if you can, ask to be paid electronically or via another means. Watch for red flags.
Verify the funds. Q: Will you cash a money order? A: Yes. We will cash any money order, for any amount. A: Proof of income pay stub, direct deposit, bank statement, etc. Q: How much can I receive with a cash advance? Q: How do you decide what amount I will receive? A : We determine the amount to offer based on your income, frequency of pay and other information provided by you.
No credit check is performed. View our Privacy Policy. Q: How much does it cost? APR Schedule. Q: How long do I have before I am required to pay back my cash advance? A: We hold your check until your next scheduled payday. Q: If I currently have a cash advance through another provider, can I get another cash advance here? A : Under Florida law you can only have one outstanding cash advance at a time.
In order to get a new cash advance with us or another provider in Florida, you must first pay off or terminate your outstanding cash advance at the provider where you obtained it. There is a required 24 hour waiting period after you pay off or terminate a cash advance before you are able to obtain a new cash advance.
Q: What if I change my mind after taking out a cash advance? You can rescind your cash advance at no cost before the end of the following business day by simply returning the full amount of the advance. Q: What should I do if I am unable to pay my cash advance on time? A : If you are unable to repay your cash advance on time you could be eligible for alternative payment arrangements such as the Grace Period, or if you meet certain requirements, the Extended Payment Plan.
Please come into a branch and ask an Amscot associate for more details. Q: Can I send money to pay one of my bills? A savings account is a place where you can store money securely while earning interest.
Learn More. LendingClub High-Yield Savings. APY 0. Discover Bank Online Savings. Cash management accounts are typically offered by non-bank financial institutions. Wealthfront Cash Account. CDs certificate of deposit are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts. Capital One CD. APY 1. Chime Spending Account. One Spend. Citi Priority Checking.
LendingClub Rewards Checking. Money market accounts pay rates similar to savings accounts and have some checking features.
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