If you’re looking for a place to buy a money order, you may be wondering if CVS is an option. Does CVS do money orders? The answer is yes – but there are a few things you need to know before you get one. In this blog post, we’ll give you the inside scoop on CVS money orders. We’ll tell you what to expect when buying one and how much they cost. Plus, we’ll let you know about any restrictions that may apply.
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Does CVS Do Money Orders?
You might be surprised to learn that you can purchase a money order at CVS. The company offers this service through MoneyGram. If you’re not familiar with this financial product, a money order is a piece of paper that guarantees the recipient will receive a certain amount of money. They can be used to pay bills or send money to family and friends.
When buying a money order at CVS, you’ll need to pay with cash. The amount of the money order will be deducted from your total, and you’ll receive a receipt for your purchase. There’s a small fee of $1.25 for each money order, so keep that in mind when deciding how much to buy. Additionally, CVS only allows customers to buy up to $500 worth of money orders per day.
To know more about money orders at CVS and what limitations exist, keep on reading!
Do All CVS Stores Sell Money Orders?
Now that you know that CVS does sell money orders, you might be wondering if all locations offer this service. The answer is yes – you can purchase a money order at any CVS store at the checkout counter. The company has over 10,000 locations in the United States, so finding one should not be a problem.
However, you should have a valid government-issued photo ID ready when you go to buy one. This is because CVS needs to verify your identity in order to comply with anti-money laundering regulations.
How to Get a CVS Money Order?
If you’re ready to get a money order at CVS, the process is pretty simple. Just follow these steps:
Go to the checkout counter and tell the cashier that you’d like to purchase a money order.
Give the cashier the amount of money you want to spend. Remember that there is a $500 limit per day.
The cashier will print the money order and deduct the amount from your total.
You’ll receive a receipt for your purchase. Be sure to keep this in a safe place in case you need to cancel the money order or have any other issues.
And that’s all there is to it! Purchasing a money order at CVS is a quick and easy process.
What Are the CVS Money Order Fees?
As we mentioned earlier, there is a small fee of $1.25 for each money order that you purchase at CVS. This is a pretty standard fee, and you can expect to pay something similar at other places that sell money orders.
It’s important to note that this fee is separate from any fees that may be charged by MoneyGram. For example, if you’re sending a money order to someone else, they may have to pay a fee when they cash it. Be sure to ask about all potential fees before you purchase a money order.
What Are the CVS Money Order Limits?
One thing to keep in mind is that CVS has limits on how much you can spend on money orders. You can only purchase up to $500 worth of money orders per day. This is a pretty standard limit, but it’s something to be aware of before you go to buy a money order at CVS.
Additionally, CVS only allows customers to buy up to $1000 worth of money orders per month. So if you’re planning on using this service frequently, you’ll need to keep track of your purchases.
What Are the Advantages of Buying Money Orders?
Now that you know a bit more about money orders at CVS, let’s take a look at some of the advantages of this financial product.
Security. One of the biggest advantages of money orders is that they’re a secure way to send money. When you purchase a money order, you’ll need to provide your name and address. This information is then verified by the recipient when they cash the money order. This makes it very difficult for someone to commit fraud or steal money.
Convenience. Another big advantage of money orders is that they’re very convenient. CVS has over 10000 locations in the United States, so finding one should not be a problem. Additionally, money orders can be cashed at most banks and financial institutions.
Flexibility. Money orders also offer a lot of flexibility. You can use them to pay bills, send money to friends or family, or make purchases. Additionally, you can purchase money orders in different currencies, which can be useful if you’re traveling abroad.
No bank account is required. One of the best things about money orders is that you don’t need a bank account to use them. This makes them a great option for people who don’t have a bank account or for those who want to avoid fees.
Tracking. When you purchase a money order, you’ll receive a receipt that includes a tracking number. This number can be used to track the money order and make sure that it’s been cashed. This is a great way to keep track of your finances and make sure that your money is being used the way you intended.
As you can see, there are many advantages to buying money orders at CVS. This financial product is secure, convenient, flexible, and easy to use.
What Are the Downsides of Buying Money Orders?
Of course, money orders also have some disadvantages. These include associated fees and limits on how much you can purchase. Additionally, money orders can take a few days to process, so they’re not ideal for emergency situations.
How to Pay for a Money Order at CVS?
Paying for a money order at CVS is simple – you just need to have the cash on hand. The company does not accept any other form of payment such as credit or gift cards, so be sure to plan ahead. The amount of the money order will be deducted from your total, and you’ll receive a receipt for your purchase.
If you have any questions about paying for a money order at CVS, be sure to ask a staff member for help. They’ll be more than happy to assist you.
Can You Cash a Money Order at CVS?
Unfortunately, CVS does not offer the ability to cash money orders. So if you have a money order that you need to cash, you’ll need to go to a bank or credit union. However, there may be a fee associated with cashing a money order, so be sure to ask about that before you get started.
Also, your ID is a must when cashing a money order. So if you don’t have one, you’ll need to get that taken care of before you can cash your money order.
Can Someone Else Cash Your CVS Money Order?
Yes, someone else can cash your CVS money order as long as they have a valid ID. You need to provide all the necessary information on the money order, and they’ll need to present their ID when they go to cash it.
How to Track a CVS Money Order?
If you need to track a CVS money order, do so through MoneyGram’s online tracker. Just enter your reference number and last name, and you can check the status of your money order. You can also call MoneyGram’s customer service number at 1-800-926-9400.
Do CVS Money Orders Expire?
CVS money orders do not expire, so you can hold onto them for as long as you need. But it’s recommended to use them within a year because you will have to pay MoneyGram a service fee if you don’t cash them within 12 months.
Moreover, if you lose your receipt, you may have a more difficult time cashing the money order. So be sure to keep it in a safe place.
Final Thoughts
If you’re looking for a convenient way to pay bills or send money to family and friends, CVS money orders may be a good option for you. Purchasing a money order at CVS is simple and convenient. Just remember to bring along your valid government-issued photo ID and have cash on hand to pay for the money order. With that said, there are a few things you should know about CVS money orders before you purchase one, such as the small fee and purchase restrictions.
Do you have any questions about CVS money orders? Leave a comment below, and we’ll do our best to answer them!
