USPS money orders offer a secure way to send and receive money. But how much does a USPS money order cost? This article covers USPS money order fees, how to cash them, and the process for replacing lost or damaged ones.
A USPS money order doesn’t expire and doesn’t accrue interest. It’s cashed for the exact amount printed on it. You can cash a money order at any Post Office location without a fee. Most banks and some retail stores also cash them. Rural carriers may cash money orders if they have sufficient funds available.
How Much Does a USPS Money Order Cost?
The cost of a USPS money order depends on the amount:
- Up to $500: $1.75
- $500.01 to $1,000: $2.40
Where to Cash a USPS Money Order
You have several options for cashing a USPS money order:
- Post Office: Present your valid photo ID and unsigned money order to a retail associate at any Post Office. You’ll sign it at the counter. This service is free.
- Banks and Credit Unions: Most banks and credit unions will cash USPS money orders for their customers, though fees may apply. Check with your financial institution for their specific policy.
- Retail Stores: Some retail stores, such as grocery stores and check-cashing businesses, may cash money orders. However, they might charge a fee and have limits on the amount they can cash.
Replacing a Lost or Stolen USPS Money Order
While you can’t stop payment on a USPS money order, you can replace a lost or stolen one. Here’s the process:
- Visit a Post Office: Go to any Post Office with your money order receipt.
- Initiate a Money Order Inquiry: A retail associate will help you start a Money Order Inquiry.
- Track Your Inquiry: Monitor the status of your inquiry and money order online using the USPS Money Orders Application. You’ll need the money order’s serial number, Post Office number, and dollar amount.
- Receive a Replacement: Once the money order is confirmed lost or stolen, USPS will issue a replacement. The fee to replace a lost or stolen money order is $20.15. Expect a processing time of up to 60 days.
Damaged USPS Money Orders
Damaged money orders can also be replaced. Take the damaged money order and your receipt to your local Post Office for a replacement.
Requesting a Refund for a USPS Money Order
To request a refund for a USPS money order, follow the same steps as replacing a lost or stolen one:
- Visit a Post Office with your receipt.
- Initiate a Money Order Inquiry with a retail associate.
- Track your inquiry online using the USPS Money Orders application.
Key Takeaways about USPS Money Order Costs
USPS money orders are an affordable and reliable payment method. Remember these key points about cost:
- Fees are based on the amount of the money order.
- Cashing at a Post Office is free.
- Replacing a lost or stolen money order costs $20.15.
