How to Cash in a MoneyGram | Sapling

USA, New Jersey, Jersey City, Close-up view of pulling one dollar note from wallet How to Cash in a MoneyGram

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Jamie Grill Photography/Tetra images/GettyImages MoneyGram is a service to send people money. You can do this electronically, sending money to person ‘s bank history or allowing the recipient to pick it up at one of many MoneyGram locations, or you can do this with a newspaper money club that you buy from MoneyGram. If you ‘re wondering, “ Where can I cash a MoneyGram money order ? ” or “ Where can I cash a money order ? ” in general, check with banks and check cashing stores near you .

How MoneyGram Works

MoneyGram is a service allowing you to transfer money to other people. It offers a issue of ways to do this, including a MoneyGram app to send money with a bank account, credit batting order or debit card. Another option is to stop by a MoneyGram location with cash in hand .
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You will by and large incur a fee to send money with MoneyGram or a compete service. How much this fee will be can depend on how a lot you ‘re sending, how much you ‘re sending and where you and the recipient role are located .

Receive Money with MoneyGram

If person sends you money via MoneyGram, and it ‘s not sent directly to a bank account, you will normally need to go to a MoneyGram location to pick it up. MoneyGram locations are much inside rebate stores, grocery store stores, check cash stores and other businesses. You can search on-line to find MoneyGram locations near you .
ad To pick up money sent with MoneyGram, you will broadly need a transaction reference number that ‘s provided to the sender and some valid form of identification like a driver ‘s license or a passport. You may besides need to fill out a form and potentially provide proof of your address, such as with a utility placard, if it ‘s not on your ID .

If you have questions about what you need, call MoneyGram headquarters or contact the store near you that you plan to visit before you stop by .

MoneyGram and Money Orders

In addition to sending money electronically, MoneyGram offers money orders for sale. A money order functions like a postpaid check, and person who receives one can normally cash it or deposit it into a trust account. There is a fee for buying a money order from MoneyGram or most other organizations that sell them. In addition to MoneyGram, you can buy a money regulate from early organizations including Western Union, the United States Postal Service and some banks and credit unions .
ad If you receive a money order issued by MoneyGram or another organization, you can deposit it into your bank account if you have one. You may be able to do this at a depository financial institution ramify, at an ATM or by using a bank ‘s smartphone app to take a picture of the money order .
If you have a money order you bought or one person sent you, keep it safe. There ‘s frequently a fee to replace them if they ‘re lost or stolen, and it may take some clock to get a fresh one .

Cashing a Money Order

If you do n’t have a depository financial institution account or you do n’t want to deposit it into your account and just want the cash, you will have to find a business that will cash it for you. You will often have to pay a fee for this service .
ad many check cashing stores and some grocery and discount stores will cash a money ordering for you. Some banks will besides cash money orders for you even if you are not a customer. You can search on-line with local directory and map apps or websites to find stores near you that can cash money orders .
ad eminence that not every commercial enterprise that will issue a MoneyGram money order is besides equipped to cash one for you. If you ‘re not certain if a especial business can cash your money order, consider calling ahead to save time. You may besides wish to call to inquire about fees.


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Category : Finance

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