Leading retail chains in the U.S. have been providing a range of financial services such as check cashing, money transfers, and money orders to customers through their easily accessible retail stores.
So if you’re planning to visit a nearby CVS for some shopping and need to buy a money order, you may be wondering – does CVS do money orders? Here is what I’ve discovered through my research!
Does CVS Do Money Orders In 2021?
CVS does provide money orders services at most of its locations through MoneyGram as of 2021. Customers can buy money orders for $1.25 each, with a limit of $500 per money order. These can be bought at any CVS checkout counter with a valid government-issued photo ID.
If you want to learn more about how to buy a money order at CVS, whether you can cash a money order at a CVS store, and much more, keep on reading!
Do All CVS Stores Sell Money Orders?
Most CVS stores will allow you to purchase money orders through MoneyGram. Many CVS stores are open 24/7 for convenience, and there are over 9900 CVS locations in the U.S.
Due to the convenience of CVS stores, it is easy for customers to obtain a money order in-store.
How Do I Get A CVS Money Order?
To get a CVS money order, you need to ensure you have the correct amount of money in cash.
Go to the register at CVS with a form of government-issued ID, and a cashier will be able to handle the transaction for you.
Note that there will be a small fee of $1.25, and you can have up to $500 in one money order.
How Do I Pay For A CVS Money Order?
Unlike other transactions at CVS, you must pay for a money order in cash as it allows CVS to guarantee you have the funds in place.
Keep in mind that you cannot use other payment methods such as credit cards, debit cards, checks, and gift cards, since the transaction may not be able to complete if you have insufficient funds.
How Much Is A CVS Money Order?
You have to pay a small fee of $1.25 at CVS to place a money order which is not applied to the transaction but to the individual money order.
For example, if you purchase 3 individual money orders, you will pay the $1.25 fee 3 times. This fee can also be paid on top of the amount or deducted from it.
Are There Price Limits On CVS Money Orders?
CVS has a price limit of $500 for one money order, but no limitation on the number of money orders you want to purchase.
So if you need a money order greater than $500, say for $850, you can purchase two CVS money orders with one for $500 and the second for $350.
However, note that if you purchase two money orders, you will be required to pay the money order fee twice at CVS.
Do CVS Stores Cash Money Orders?
Unfortunately, CVS stores are unable to cash money orders and instead only sell them.
However, almost every bank or credit union will be able to accept your money order if you have a form of ID with you.
If you do not have an account with the bank or credit union you choose, you may have to pay a small fee in order to cash your money order.
Some grocery stores and check cashing locations will also be able to take your money order to cash. Just ensure you bring a form of ID with you to cash your money order.
How Can Someone Cash My CVS Money Order?
To allow someone else to cash your CVS money order, simply fill out your money order with the relevant information and sign it.
Before handing over the money order, make sure you keep the receipt so you can track your CVS money order as it is cashed.
Do CVS Money Orders Expire?
Although CVS money orders do not expire, MoneyGram has stated that money orders that remain uncashed after a year may be subject to a monthly service charge.
So to avoid additional fees, it is recommended to cash your money orders before a year passes by.
Conclusion: Does CVS Do Money Orders?
Yes, you can buy money orders at CVS, but you must pay in cash for a money order of up to $500.
There is a small fee for completing a money order at CVS of $1.25, which is applicable to every money order. CVS is unable to cash your money order.
You can complete a money order at virtually any time at CVS due to their opening hours and range of locations. A money order at CVS can be done at any register by the cashier.