To cash a money order, follow these steps:
- Do not sign the money order beforehand. Wait to endorse it in front of the teller or cashier to avoid risk if lost or stolen
- Bring the money order to an appropriate location to cash it. Options include:
- The place where the money order was issued (e.g., Western Union, MoneyGram, Walmart)
* Your bank or credit union, especially if you have an account there, which may waive fees
* The local post office for USPS money orders, which typically cash them for free
* Retailers or check-cashing businesses that handle money orders, though fees may apply
- Present valid government-issued photo identification. This can be a driver's license, passport, or military ID to verify you are authorized to cash the money order
- Endorse the money order by signing the back in front of the cashier or teller. Do not sign it in advance
- Pay any applicable fees. Fees vary by location and may be waived if cashed at the issuing institution or your bank
- Receive and count your cash. Keep the receipt for your records and secure your money before leaving
Additional tips:
- Cash the money order promptly to avoid loss, damage, or cancellation by the sender
- Verify the money order's legitimacy if unsure by contacting the issuer
- If you do not have ID, you can endorse the money order to someone who does
This process ensures a secure and smooth transaction when converting a money order into cash.
