Kwik Trip is a chain of convenience stores located around Minnesota and Wisconsin. They are into multiple businesses like retail, confectionery, coffee, food, and Money Order. Throughout the USA, they provide money order services which can be availed with minute fee charges. They sell MoneyGram, which is a money order for up to $500. It is a straightforward process of transaction where without involving bank details. The MoneyGram is filled where the money receiver’s name is mentioned, and the amount is filled. The receiver can deposit the money order in the bank and get the cash in hand to use. Let us know about that the Kwik Trip Money Order.
What is Kwik Trip’s Money Order?
Kwik Trip provides easy transactions of money without sharing the bank details. They do it with the help of a money order process which is called MoneyGram. This is similar to a cheque, but the only difference between the two is that a cheque requires bank details, whereas a money order does not. This is a simple paper that denotes the name and amount of the receiver. The sender of the money order needs to deposit the cash in advance and fill the details in the MoneyGram. Then, the MoneyGram is passed to the receiver. The receiver can show the MoneyGram slip to the bank to get the cash. When making a payment, money orders are often used rather than a cheque or cash. Money orders, unlike checks, never bounce, which makes them a safer option for large transactions.
Is Kwik Trip a Bank?
Kwik Trip is not a bank. It is a chain of convenience stores which is located in Minnesota and Wisconsin, and its other branch Kwik Star is located in Iowa and Illinois. These branches are in different sectors like bakeries, food outlets, retail shops, and many more. In this sector, one can purchase the money order of their requirements.
The maximum amount of purchase and its charges
In general, money order purchases from U.S. Postal Service charge around $1.5 for money orders up to $500 and $2 for money orders between $500 to $1000. But Kwik Trip only issues only money orders up to $500, and it charges $0.99 for the same. It also has some restrictions while purchasing these money orders. The important limitations are that only two $500 money orders can be issued per person in a day. The other limitation is that they accept only cash in payment. The last but not the least limitation is that they don’t cash out the money orders. These money orders can be deposited in banks first, then can be cashed out from the bank.
Required steps to complete Kwik’s Money Order
The required steps are as follows
- The first step is to decide the amount of money for which the money order is to be made.
- Next, you need to visit any of the Kwik Trip convenience stores from where you can buy the money order.
- It should be noted that Kwik Trip only accepts cash as a payment, and credit or debit cards are accepted. So, remember to carry cash with you. The other important part is that they only issue money orders up to $500. The maximum amount, which is $500, can be issued twice per person in a day.
- Kwik Trip charges a fee of $0.99 for issuing money orders. So, you need to pay this fee charge first in order to obtain the money order.
- After that, the store will give you the money order slip, which you need to fill out with the correct details. The money order slip will have the printed amount which you want to pay. Do check this amount before moving forward with the transaction.
- It is advisable to fill the money order on the spot if it gets lost or stolen, then the empty money order can be easily cashed out.
- The first step to filling the money order is to fill in the payee’s details. This is the name of the person whom you are paying.
- Next is to fill in your details, followed by the type or reason behind paying the person.
- There is a space below for signature. You need to sign there.
- Next, it is suggested to make a copy of the money order for a personal record.
- After all these steps, the money order slip is given to the payee or sent through the post.
- The receiver/ payee can deposit this money order in the bank or in the respective Kwik store, where they will transfer the money to their account.
NOTE– The money order of Kwik Trip cannot be cashed out immediately.
Conclusion
Kwik Trip money orders are easily available at its convenience store by paying the fee charges of $0.99 only. They permit a maximum of $500 of money orders. They call their money orders- MoneyGram. They are a safer transaction mode for a huge amount as they don’t reveal the bank details. It is basically a replacement for a cheque. Although they have many restrictions due to safety measures, they are a good transaction medium.
