Money orders are incredibly useful as a low-cost option for sending funds quickly and securely across long distances, even internationally.
Since Target, with 1900+ stores nationwide, offers a variety of services to its customers at its massive stores, you may be wondering – does Target do money orders? Here is what I found out!
Does Target Do Money Orders?
Unfortunately, Target does not sell or cash money orders. You can instead do money orders at stores like Kroger, Walmart, and Safeway, and agencies such as MoneyGram or Western Union. These cost between $1-$5 with only cash, debit cards, and credit cards accepted for payment.
If you want to learn more about Target’s policy on cashing and selling money orders, what other places do money orders, and how much do these cost, keep on reading!
Where Can You Complete Money Orders?
You can complete money orders from several big-box stores and other locations such as supermarkets, corner marts, convenience stores, pharmacies, and more. Places that sell money orders include:
- 7 Eleven
- Select CVS locations
- United States Post Office locations
- Walmart Money Centers
- Your local bank or credit union
Additionally, you can also use money transfer agencies such as MoneyGram, Postal, and Western Union for purchasing and cashing money orders.
However, keep in mind that while they do sell these, some MoneyGram and Western Union locations will not cash money orders.
What Is The Best Place To Buy Money Orders?
Experts agree that the safest place to complete any of your money orders is an accredited financial institution or cash-checking facility.
Not only will cashing a money order be more secure, but banks can make tracking the money order easier for purchasers.
Note that some banks offer cashiers’ checks instead of money orders, but they serve the same purpose—do check with your payee to ensure that these are also acceptable.
However, if you purchase money orders more frequently, you might want to avoid the higher bank fee for money orders and so should purchase these from convenience stores or supermarkets other than Target for a cheaper cost.
How Much Do Money Orders Cost?
Banks and credit unions will charge around $5 per money order up to a maximum amount of $1,000 depending on the size of the money order. If you are a top-tier account holder, money orders may be free to you if your account plan covers them.
If you go to a supermarket, pharmacy, or corner store for your money order, the charge is much lower—customers can get a large money order for around $1.
How Do You Pay For Money Orders?
Money orders are prepaid and don’t include your banking account information, so you will need to pay the entire money order amount upfront.
Sellers of money orders typically accept only cash, debit card, or credit card for payment. Make sure that you keep hold of the receipt until you are positive that you will not need a refund on the money order.
Conclusion: Does Target Do Money Orders?
Target does not cash or sell money orders at any of its stores since it does not offer any financial services. If you want to buy or cash a money order, you can do so at other supermarkets, convenience stores, pharmacies, post offices, banks, and credit unions for a cost between $1 and $5 (or more at banks if you have a large money order).