Need to send money but don’t have a checking account? A money order from Walmart might be the solution. This article covers everything you need to know about Walmart money orders, including the cost, limits, and how to use them.
Walmart Money Order Fees: What to Expect
Walmart offers money orders through MoneyGram and Western Union. A key advantage is the low cost: Walmart states that a money order will never cost more than $1. This flat fee makes it a budget-friendly choice for sending money.
Sending Money Internationally with a Walmart Money Order
While you can send a Walmart money order internationally, there are important factors to consider. International recipients might encounter:
- Unfavorable exchange rates: MoneyGram and Western Union set their own exchange rates, often below the mid-market rate, resulting in less money for your recipient.
- Additional fees: Banks outside the US may charge processing fees to cash international money orders.
- Delivery delays: International mail can be slow, causing significant delays in receiving funds.
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Walmart Money Order Limit: How Much Can You Send?
Walmart’s money order limit isn’t publicly listed, but it’s generally capped at $1,000 per money order, consistent with most providers. While you can purchase multiple money orders, daily purchase limits may apply. This makes Walmart money orders best suited for smaller transactions.
Sending Money Overseas: Alternatives to Money Orders
For international transfers, consider alternatives like Wise, which offers:
- Mid-market exchange rates: Ensuring your recipient receives the most favorable exchange rate.
- Transparent fees: Clearly disclosed upfront, allowing for easy cost comparison.
- Fast and secure transfers: Money arrives quickly and securely in the recipient’s bank account.
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How to Purchase and Use a Walmart Money Order
Purchasing a money order at Walmart is straightforward:
- Visit a Walmart store: Go to the Customer Service Desk or Money Services Center.
- Provide payment: Pay with cash or a debit card (credit cards are not accepted).
- Specify the amount: Tell the clerk the desired money order amount.
- Complete the money order: Fill in the recipient’s name, your information, and sign.
- Retain the receipt: This is crucial for tracking and cancellations.
Filling Out a Walmart Money Order Correctly
Accuracy is key when completing a money order:
- “Pay to the Order of”: Write the recipient’s full legal name.
- Recipient’s Address: Fill in if required.
- “Purchaser” Section: Provide your full name and address.
- Memo Field: Include any relevant details, such as an account number for bill payments.
- Sign: Sign the front as the purchaser; the back is for the recipient’s signature.
Tracking and Cancelling a Walmart Money Order
To track a money order, contact MoneyGram (1-800-542-3590) or refer to the instructions on the back of a Western Union money order. Tracking confirms if it’s been cashed, not its location in transit.
Cancellations and refunds are possible within 10 days of purchase. You’ll need the original money order, receipt, and a valid ID. The money order must be undamaged.
Walmart Money Order FAQs
Can you cash a money order at Walmart?
Yes, Walmart cashes both MoneyGram and Western Union money orders for a fee.
Can you buy a money order with a debit card at Walmart?
Yes, debit cards and cash are accepted for money order purchases.
Can Walmart money orders be traced?
You can verify if a money order has been cashed, but its physical location cannot be tracked after mailing.
Walmart money orders offer a convenient, low-cost way to send money domestically. However, for international transfers, explore alternatives like Wise for better exchange rates and faster service. Remember to always fill out money orders accurately and keep your receipt for tracking and cancellation purposes.
