Learn How To Withdraw A Money Order & Where You Can Deposit It


Accepting a money order as payment can be a secure and hassle-free way to receive funds. Unlike personal checks, money orders are prepaid and can’t bounce, providing peace of mind for both buyers and sellers. If you’re wondering how to turn that money order into cash, rest assured, the process is straightforward. In this guide, we’ll explore the steps to cash a money order and highlight various places where you can do it.

How to Cash a Money Order:

  1. Go to a Place That Cashes Money Orders:

Banks and Credit Unions: Most offer free money order cashing for account holders.

Money Order Issuers: You can cash a money order where it was issued, such as Western Union or the U.S. Postal Service.

Check-Cashing Stores: These businesses cater to those without bank accounts but may charge higher fees.

Retailers (grocery stores and convenience stores): Some larger stores provide money order cashing services.

  1. Endorse the Money Order:

Sign the back of the money order at the location where you plan to cash it.

Avoid endorsing it in advance to prevent unauthorized individuals from cashing or depositing it.

  1. Show Identification:

You need to show a government-issued photo ID, such as a driver’s license, passport, or military ID.

This step verifies that you are the intended recipient.

  1. Pay Any Applicable Fees:

Some locations may charge a fee for money order cashing services.

The fees can either be a flat rate, a percentage of the total amount, or tiered based on the money order value.

  1. Get Your Cash:

Hand over the money order to the teller, pay any fees and receive the cash amount.

Count the money received and request a receipt if one is not provided.

Where to Cash a Money Order:

  1. Banks and Credit Unions:

Ideal for account holders; some may allow non-customers to cash money orders for a fee.

  1. Money Order Issuers:

You can cash a money order at the location where it was purchased, such as Western Union offices or post offices.

  1. Check-Cashing Stores:

These businesses specialize in converting checks and money orders to cash, but fees can be high.

  1. Grocery Stores, Convenience Stores, and Other Retailers:

Some large stores offer money order cashing services at their customer service counters.

Fees for Cashing a Money Order:

Fees vary by location and may include flat rates, percentage-based charges, or tiered pricing.

Banks often provide free cashing for account holders, while non-customers may incur a fee.

Check-cashing stores typically charge higher fees for their services.


Where Can I Cash a Money Order for Free?

Credit unions offer free money order cashing for their account holders. Banks offer this option as well.

How Do You Deposit a Money Order?

Deposit it at your bank by presenting it at the teller window or ATM, similar to depositing a check.

Can You Withdraw a Money Order in Someone Else’s Name?

Yes, if the payee endorses the money order to you by signing the back and adding your name.

How Can You Tell a Money Order Is a Scam?

Look for security features provided by issuers, such as watermarks and multicolored threads.

Be cautious of overpayment scams, and always verify the authenticity of money orders with the issuer.


A money order offers a secure and convenient payment option, but it’s crucial to be aware of potential fees when cashing it. Choosing the right location, whether it’s your bank, the issuer, or a retail outlet, can help you maximize the cash you receive. If you frequently deal with money orders, consider opening a bank account to minimize fees and streamline the process of turning money orders into cash.

Tags: No tags

Add a Comment

Your email address will not be published. Required fields are marked *