Can You Do Money Orders With A Debit Card

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A bank check or cash isn't always a sufficient method for paying a bill or submitting payment for a purchase. However, money orders are widely accustomed when cash or checks are non. If you don't have a checking account, a money social club also can substitute as a check when paying bills or creditors. Here are some recommendations about how to pay for a money lodge.

1. ane

   Employ cash. Greenbacks is the most widely accepted course of payment for a money order. You tin can get to whatever money order provider and buy a coin order with cash. You but pay for the amount of the coin order plus a fee.^[1]

   • Companies that issue coin orders want the most secure grade of payment possible because once they upshot the money club, their coin is as skilful as gone.
   • You can also pay with a debit menu linked to your bank account.
   • You cannot pay for a money order with a personal cheque. Checks can take a few days to process. If yous don't have sufficient funds, the coin society issuer loses the money.

2. 2

   Buy a money guild with traveler'south checks. The only identify y'all tin buy a money lodge with a traveler's check is at the United states of america Post Office (USPS). Yous will have to pay for the amount of the money club plus a fee based on the money order amount. When you pay, sign the traveler'due south check in front of the postal service worker who is preparing the coin order for you.^[2]

   • USPS is willing to accept traveler'due south checks because they recognize them as a class of cash.^[three]

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3. three

   Purchase a money order with a credit bill of fare. Some coin order issuers let you to use a credit menu, but not all. You can apply a credit card to buy a money order at Western Marriage and 7-11. Information technology is expensive to buy a money order with a credit card. Your card issuer volition probable view it like a greenbacks accelerate. This means they will charge you the higher involvement rates and fees associated with cash advances. Also, you don't earn whatever points or rewards on cash advances, and so you won't earn them for purchasing a coin order either.

4. 4

   Pay with a PIN-enabled Visa or MasterCard souvenir card. You tin can pay with one of these cards at Western Matrimony, Walmart, the post function and vii-Xi. However, doing so is oft linked with suspicious activeness. For example, some people purchase these pre-paid cards then immediately liquidate them in society to take advantage of any bachelor rewards the cards offering. Then they deposit the coin orders into their bank accounts and use the money to pay their bills. But depositing lots of money orders into your bank business relationship looks like money laundering, and your bank can close your account for doing so.^{[4] [5]}

5. v

   Buy a money order remotely. Some companies now permit you to buy and ship a money club online. For example, you can buy a coin order online with Payko and pay with your PayPal business relationship, which is linked to a credit card or bank business relationship. Still, you tin can but purchase a single, $200 coin order per day. This method is not as fast as other online banking concern transfers. Instead of an instantaneous transfer of funds from one account to some other, a physical money order is printed out and mailed to the recipient. This can have several days.^[6]

   • Sending coin over the phone is possible, just this is not the same thing as a money lodge. You can contact a remittance service like Western Marriage and asking an electronic transfer of funds over the phone. You tin pay with a credit or debit card. However, a physical money order is non printed out in this example. Rather, the funds are transferred from your banking company business relationship to the recipient's account electronically.^[7]

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1. 1

   Purchase a money order from the banking company. In general, banks charge the highest fees for money orders. Every bank charges a different amount. Some banks may charge you as low every bit $1.25 for money orders up to $i,000. Others may charge you equally much as $5.00. If your bank charges more than $1.25 for money orders, attempt to go someplace else to purchase one.^[eight]

2. 2

   Go to the post role. The post office charges $one.25 for money orders up to $500 and $1.65 for money orders up to $1,000. This is not the least expensive fee for money orders. Yet, people volition be less likely to question the legitimacy of a money order from the U.Southward. Postal service Part. It is a widely-recognized, well-respected issuer of money orders. Likewise, if you lot need to pay with traveler's checks, the postal service office is the only identify where you tin practice that. Finally, information technology is convenient if you lot need to ship the coin order to someone, because you can purchase the money guild and mail information technology all in one transaction.^[ix]

3. 3

   Utilize a remittance service provider. Remittance service providers are places where you can electronically transfer money. Examples include Western Union, MoneyGram and Walmart. Walmart charges lxx cents for money orders up to $1,000. At Western Union and MoneyGram, the fees for money orders vary from branch to branch. Await to pay at to the lowest degree $1 for a coin order of upwardly to $ane,000.^[10]

4. four

   Pay for online money orders. Payko is a company that allows y'all to purchase money orders online. However, their fees are considerably higher than purchasing a money order in person. Expect to pay a flat fee that ranges from $3.49 to $four.99. On tiptop of that, y'all will accept to pay a fee of 5.49 per centum of the value of the money lodge. Finally, you have to pay for postage to ship the money guild to the recipient. If y'all want to transport it via express mail, expect to pay approximately $15.^[eleven]

5. v

   Purchase multiple money orders if y'all need more than $1,000. Coin orders are by and large capped at $one,000. So if you need more coin than that, you must purchase multiple money orders. This means that yous also pay multiple fees.^[12]

   • For case, if you lot need $2,200 in coin orders and you go to the USPS, yous will need to buy ii $i,000 coin orders for $1.65 each, and i $200 money order for $1.25. This adds up to $4.55.

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1. one

   Evaluate alternatives to money orders. Money orders are inexpensive and expedient. But, they attract scammers, and some places do not take them as a course of payment. Also, since you have to go in person to buy a money orders, they may not be equally convenient as other forms of payment.^[13]

   • If you don't mind the recipient seeing your bank account information, consider paying for your buy with a personal check.
   • Cashier's checks are more secure than money orders since they are drawn on the issuing depository financial institution's funds and signed past a bank representative. Also, in that location is no cap on the corporeality of the cashier's bank check. http://world wide web.thesimpledollar.com/how-do-money-orders-work/</ref>
   • Wire transfers permit yous to send money to a recipient very quickly.
   • If you don't have a bank account or adept credit, you can utilise pre-paid debit cards. They give you the convenience of a credit card without the chance of running up a huge debt.

2. 2

   Compare the fees for a money order with other forms of payment. Coin orders are inexpensive. However, sometimes people choose to pay higher fees for other forms of payment. This can be for security reasons or for convenience.^[fourteen]

   • If yous want to exist able to write personal checks from your checking account, you volition probably have to pay monthly account fees.
   • Cashier's checks are more expensive than money orders. They can toll equally much as $10 each.^[15]
   • Wire transfers can be very pricey, peculiarly if you want to transport the money chop-chop. Expect to pay at least $25 to $30 to wire money to someone overnight.

3. 3

   Compare the security features. Money orders are sometimes seen as a disreputable form of payment. Someone can steal a money order and put their own proper noun as the recipient. Also, many scammers attempt to use apocryphal money orders.^[16]

   • Personal checks are more secure considering they are linked to the security of your bank.
   • Cashier'due south checks are secure considering they are guaranteed by the issuing banking concern and are signed past a banking concern representative.^[17]
   • Wire transfers are considered secure because the identity of both parties is confirmed before the transfer takes place.^[eighteen]

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Add New Question

• Question

  Can I transfer money without a physical credit menu if I know the information?

  

  Yeah.

• Question

  Can I buy a money lodge with an American Limited?

  

  Andrew Serrano

  Peak Answerer

  This would depend on who you are purchasing from. If you are ownership it in person, changes are they will request greenbacks, however American Express does take different allowances with some of their vendors. They may only let a traveler's check, however many places will no longer have them because of fraud potential.

• Question

  Can I utilize a credit card to purchase a cashiers cheque?

  

  Andrew Serrano

  Top Answerer

  In a roundabout way, yes. You would have to become to your bank and request a cash advance from your credit carte du jour. This cash would be deposited in your business relationship, and the banking concern would issue a cashiers check. Yet, be forewarned: a cash accelerate from a credit bill of fare volition crusade the highest potential interest rate to begin accruing the same day as you take the cash, and in that location are usually a cash advance fee of a percentage of what you lot advance. Only do this in an emergency situation, and pay the balance off immediately.

• Question

  Can I buy a money order with a prepaid Visa card?

  

  Aye.

• Question

  How can I transport money past phone?

  

  Andrew Serrano

  Tiptop Answerer

  The choice in method of sending coin by phone would be dictated past where you lot are sending the money and how y'all would expect the money to exist picked upward. If you are sending it to another person and they accept access to a depository financial institution, y'all can send a wire to the recipient's bank and they would be able to access the cash at an ATM with their ATM carte du jour. If this person doesn't have admission to a banking company y'all tin can try to do a MoneyGram or a Western Union, but the person will need a picture ID and you will need the person's exact proper name, urban center, state, and state.

• Question

  How can I cash a moneygram money order if payee isn't filled out?

  

  Andrew Serrano

  Peak Answerer

  With the sender'due south limited permission, you tin write your proper name into the payee section. Notwithstanding, if you do not take their permission, you are not the originally intended recipient of these funds, or the lodge is flagged every bit being lost or stolen and you write your name in and eolith the money order, it is the federal crime of fraud.

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Article Summary 10

A money social club is like a pre-paid cheque yous can purchase from a bank, post part, or online. You can pay for a money order with cash or a debit card. If you're buying your coin order from the United States Mail Office, you can also use traveler'south checks. Keep in mind that you can't use personal checks, since these take likewise long to clear. Some money guild issuers, like Western Union and 7-Xi, will let you lot use a credit carte, but these will be expensive, since your carte issuer volition accuse you lot fees and interest rates. You can too use a PayPal account linked to your banking company or credit card through some websites like Payko. Withal, this volition merely work for a single, 200-dollar money order per day and y'all'll have to wait for it to come in the mail. For more than tips, including how to apply alternatives to coin orders, read on!

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Source: https://www.wikihow.com/Pay-for-a-Money-Order

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