How Much do Money Orders Cost?
The cost of a money order tends to increase with the amount of the order. However, it’s pivotal to verify the exact fees associated with your transaction by contacting the specific provider or institution where you intend to purchase the money. It ensures that you have a clear understanding of the costs based on your specific needs and requirements. By comparing costs across different sources, you can make an informed decision and choose the most cost-effective option for purchasing your money.
Let’s explore the costs associated with money orders from different sources:
- United States Postal Service (USPS): For money orders ranging from $0.01 to $500, the cost is $2.10. Money Orders between $500.01 and $1,000 incur a fee of $3.00.
- Walmart: Walmart typically charges no more than $1 for a money order.
- Wells Fargo: Wells Fargo charges a flat fee of $5 to purchase a money order, regardless of the amount, with potential fee waivers for certain accounts.
- Western Union: The fee for money orders at Western Union can vary depending on the specific location where you make the purchase.
- Retail Banks: Money orders from retail banks may cost as much as $5, depending on the institution.