One of the guaranteed payment methods is money orders, this is because such transactions do not bounce. You can purchase money orders using debit cards, credit cards, and cash. The easiest way you can receive money orders is by walking into a retail store and processing your transaction. Different banks provide similar services for a stipend. Currently, PNC has over 2,500 outlets and over 9,000 ATMs. So, let’s find out ‘does PNC do money orders?’, below.
Apart from their daily services, PNC also offers money order services. They currently charge a stipend of $5 for standard checking accounts, but for a pro account, there is no charge. PNC money order has no maximum limit, and you can make your purchase from any PNC outlet, and you can also do that from their webpage. PNC has over 2,500 branches, and you can select from any of the branches closest to you. If you are not certain of the branch location, you can visit their website to discover the branches closest to you.
PNC Money Order Charges
The standard charge for money orders in PNC is $5. Though this cost might vary depending on the type of account you operate. The table below shows account classification and the charges rate for each account type.
| Type of Account | Charges ($) |
| Virtual Student Wallet | 5 |
| Virtual Wallet Checking Pro (Spend) | 5 |
| Virtual Wallet Checking Pro (Growth & Spend) | 0 |
When you compare this charge list to what some retailers charge, the amount is a bit excessive. Some charge as low as $0.88. If you head to a Western Union branch, the charges range from $8 – $10.5. However, the price varies based on location. Before going into any institution, you must be apprised of their money order charges.
Money Order Limitations
IRS has set up different regulations and policies regarding money orders. This is just to put a restriction on transactions and prevent people from leveraging this method as a means of money laundering. The limit for domestic transactions for PNC customers is $1,000 and for international transactions, the limit is $700.
PNC found a way around this regulation, they ensured there is no limit to the amount of money order requests you can make. So, you can make a request for $1,000 as many times as possible, and depending on the type of checking account, the charge ranges from $0 to $5. However, if any financial institution receives money orders above $10,000, they are obligated to report such cases to the IRS.
Buying a Money Order
There are different institutions where you can make your money order purchase from. You can get it from any PNC branch closest to you, retail stores, and any supermarket that offers Western Union or MoneyGram Services. You cannot get such services from Costco. If you are making your payment from a store, you can pay using your debit card or cash. If you are buying from a PNC branch, it would be deducted from your checking account.
Steps in a Filling Money Order
- Start by filling out the recipient’s details (name and address) in the pay-to section. This would help you track a stolen money order.
- The next step is to fill in the details of the sender. Name and address are all you need.
- You can also fill out the memo section, by putting an important note or account details.
- Pen your signature under the “purchaser’s signature” column. If you sign the rear of the money order, it means the order is to yourself.
Conclusion
When you make your money order purchase, you can stay abreast of your transaction by tracking your money order. There are 2 different methods of doing this. If you purchased from a PNC branch, you should just submit a form to the help desk. If you made your purchase from a store, you can either fill out and submit an online form or call the customer care line.
Frequently Asked Questions
Does PNC sell International Money Orders?
No, if you want to buy an international money order, there are other platforms that you can patronize which would help you cater to such needs. You can use Chase or Wells Fargo to process your international money order transactions.
Can I get a payment refund from PNC?
Money orders can be refunded by PNC in a case where the order is yet to be cashed. You can make a refund from any of the bank branches. Just go along with your money order and a form for the request you want to make. A stipend would be charged for such services. If your money order was wrongly cashed, you can report it to the appropriate authorities.
Where can I cash a Money Order?
Cashing a PNC money order can be done from any of their branches, and you can also process the transaction from the comfort of your home by using the mobile app. You need to sign on the back of your order and go with a valid proof of identification. A stipend would be charged for such services.
