

Money orders are a good way to send an alternative to cash that never expires. The most common place to get a money order is at a financial institution, like a bank or credit union, or some major stores like Walmart. They use MoneyGram and they charge 0.70, which is a real bargain. With over 4,000 locations in the US, it is fairly easy to find one in your neighborhood. First, you’ll need to put the person’s or company’s name in the pay to or pay to the order of. Walmart is a great place to buy a money order and most Americans will visit a Walmart store almost weekly. Money orders work opposite of checks you exchange money (typically cash) for a piece of paper that represents that specific amount of money. The teller giving you the order slip can simply transfer the money in the correct amount from your checking or savings account to fund the money order. They are convenient, affordable, and widely accepted. Once you have a money order, you have to fill it out before the recipient can cash it. $5. If you need a money order and you have a bank account, your local bank is the best place to get one because you won’t have to withdraw and walk around with cash on you and it may be free. Add Money To or Withdraw/Transfer Money From Your Account: (Applies to all Cardholders) Direct DepositĪdd cash, checks or withdraw cash at a NetSpend Reload Network locationįree transfer fees from the originating bank may apply money order, order on the issuer to pay a certain sum of money upon demand to the person named in the money order.
