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.Know More
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.Learn more about Currency & Conversions
A cashier's check can be cashed at a bank just like a regular check, according to First Columbia Bank & Trust Co. Because of scams, many banks now require a cashier's check to clear from the originating institution before making the funds available.Full Answer >
Cashier's checks can be cashed at the issuing bank, at the recipient's personal bank or through a check cashing service, according to Sophisticated Edge. According to the Uniform Commercial Code, the issuing bank of a cashier's check is obligated to honor it unless a stop payment has been issued.Full Answer >
A check can be cashed online through check imaging, according to The Telegraph. Check imaging involves processing a digital copy of a check rather than the real physical check. This system requires customers to take a scan of their checks through their smartphones and send it through their banks mobile application.Full Answer >
Traditional Individual Retirement Accounts can be cashed out at any time by contacting the IRA's account custodian, according to SF Gate. The distribution can be for the entire balance or a percentage. The method of payment differs by custodian, the most common forms are electronic transfer or written checks.Full Answer >