A money order may be required when paying a deposit on a new apartment or for any other transaction that cannot be completed using a debit or credit card. If the nearest post office, bank, or credit union is closed, consider buying a money order from your local CVS. Money orders from MoneyGram can be purchased at CVS pharmacies. The charge for a CVS money order is $1.25, with a $500 maximum amount per order. You’ll have to buy more money orders if you require a larger amount. Go to the CVS checkout counter and ask the clerk to sell you a money orders cash fees.
CVS Money Orders Sell Cash Fees
Expired debit card not valid
If your debit card is expired or you don’t have a PIN, you won’t be able to purchase money orders at CVS.
Valid debit card and photo I.D
Cash and PIN-based debit cards are also accepted forms of payment. For identification purposes, make sure you have your photo I.D. on you.
Reimburse $35
CVS will reimburse you up to $35 in cash for debit transactions. As a result, CVS is a good site for accomplishing multiple activities in one trip while also generating money orders. Money orders are available at more than 9,900 CVS locations.
Purchasing a money order at CVS
Simply walk up to an available checkout and inform the cashier that you want to purchase a money order.
It will be necessary to present a government-issued photo ID, such as a driver’s license or state identification card. Money orders must be paid in cash, unlike other CVS purchases, so that CVS can verify that you have the funds.
CVS Money Order Form
You might know how to receive a money order from a bank or credit union, but if those locations are closed, CVS is a great option.
A money orders can be purchased at CVS in cash fees few easy steps:
Have your cash on hand
You can purchase a money order from a company like MoneyGram instead of withdrawing funds from your bank account.
Because it’s a product, like a carton of milk, you’ll need the complete amount, plus the cost, to acquire a money order. You can purchase a money order with cash or a debit card.
Complete the Amount and Recipient Information sections of the money order
Fill in all of the monetary amount and payee information as quickly as possible to guarantee that your money order is secure. To avoid any mistakes while cashing the money order, use the recipient’s full legal name or business name.
Complete the Purchaser’s Address field
- You must put in your address information as the buyer.
- Fill in the Front of the Money Order with your signature.
- You might be tempted to autograph the money order on the back, but the recipient is the one who signs it. Put your name on the front of the money order instead. A line indicates where you should sign. Look for the phrase “Purchaser/Signer for Drawer” on the paperwork.
Receipts should be kept for future reference
A money order is similar to a cashier’s check-in in that it works in the same way cash does. One distinction is that you can obtain a receipt for a money order as proof of purchase.
Keep your receipt until the recipient confirms receipt of the payment.
Are CVS money orders subject to a time limit?
Even though CVS money orders do not expire, MoneyGram has said that uncashed money orders may be subject to a monthly service charge after a year.
To avoid incurring additional fees, it is recommended that you pay your money orders before the end of the year.
Benefits and drawbacks of using a Money Order
Benefits:
Secure: Because they contain your name, money orders are less frightening than cash. It will be far easier to track down who spent your money order than it will be to track down an untraced dollar bill or check.
Doesn’t Require Personal Information: Money orders do not demand any personal information beyond that which is required to complete a standard purchase.
As a result, if the money order is stolen during shipment or transit, whoever gets it won’t be able to access your bank account information because they won’t know who bought it.
Drawbacks:
It must be paid in cash or by check in advance: When you buy a money order, you must either pay cash or write a check for the amount you want to put on the money order. It is not possible to reach an arrangement that allows you to pay back the money order in installments.
Not sent through mail: Money orders are not transmitted through the mail, thus they have a chance of getting lost or stolen during transit.
If you send money via FedEx, for example, there’s a strong chance it won’t be misplaced.
However, if you use a money order to make an online purchase and then mail it, there’s a chance it’ll get lost in the mail.
Conclusion
Money orders are available at CVS, however, orders up to $500 must be paid in cash.
At CVS, there is a $1.25 cost for filling out a money order, which applies to all money orders. Your money order will not be accepted by CVS.
Because of their long hours and wide selection of locations, you may complete a money order at CVS at almost any time. At CVS, the cashier can place a money order at any register.
