Q:

Where can you cash a MoneyGram?

A:

Quick Answer

A money order from the MoneyGram financial service can be cashed in the United States at various locations, including banks, grocery stores and dedicated check-cashing facilities. It is possible to deposit it into a standard checking account at a bank, where it is typically treated the same as cash. When presented at other check-cashing venues, the funds are typically available right away as long as proper identification is provided.

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Full Answer

Most banks do not charge a fee to established customers for cashing MoneyGram money orders. If the receiver of a MoneyGram does not have a checking or savings account at a standard banking institution, the next best option is a local supermarket or respected retailer with a check-cashing service. Rates for cashing the MoneyGram are generally lower at these facilities than at dedicated check-cashing outlets.

Most states regulate the fees and surcharges allowable for cashing checks, so reputable institutions adhere to legal limitations. Customers are advised to look for the official MoneyGram logo in store windows, to read all disclosures before signing anything and to ask about all fees ahead of time. Most institutions require legal photo identification such as a drivers license, state identification card or passport. Others accept alternate forms that include student IDs, utility bills, credit cards or birth certificates.

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    How do you track a Moneygram?

    A:

    According to MoneyGram, customers can track a MoneyGram order by calling the MoneyGram automated phone line at 1-800-542-3590 and entering the exact amount of the money order and the money order number. With this information, MoneyGram tells you whether or not the money order was cashed.

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    How does one find a MoneyGram location?

    A:

    MoneyGram provides a location finder feature on its official website, allowing users to search by city, state, street address or postal code in the United States. MoneyGram agents are commonly located in local pharmacies and supermarkets, such as CVS and Walmart, although services vary between locations.

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  • Q:

    What are the rates and fees for MoneyGram?

    A:

    Rates and fees for MoneyGram vary depending on the country where the customer is sending funds, the transfer amount and the exchange rate. Same-day transfer fees start at $15 to $20 for express same-day transfers and $8 to $10 for regular economy transfers as of 2015.

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    What is "cash back"?

    A:

    "Cash back" is an incentive credit card providers offer to customers who use their cards regularly for purchases. Under a cash-back program, the card provider issues a certain amount of cash or equivalent gifts based on the amount of purchasing financed with the card.

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