When looking for the cheapest place to obtain a money order, Walmart often stands out as one of the most cost-effective options, typically charging a maximum of $1 per money order.
Understanding Money Order Costs
The cost of a money order can vary significantly depending on where you purchase it. While many locations offer this service, their fee structures differ.
Cost Comparison: Walmart vs. U.S. Postal Service
Below is a comparison of typical money order fees at two common locations:
| Location | Maximum Fee | Notes |
|---|---|---|
| Walmart | $1.00 | Generally consistent, making it a highly affordable choice. |
| U.S. Postal Service | $2.10 or $3.00 | Fees depend on the money order amount: $2.10 for amounts up to $500, and $3.00 for amounts over $500. |
As of March 2024, Walmart's low flat fee makes it a particularly attractive option for individuals seeking to minimize costs when sending money via money order. While the U.S. Postal Service (USPS) is a widely accessible and reliable option, its fees are higher compared to Walmart's.
Tips for Finding the Best Deal
- Check Local Retailers: While Walmart is a top contender for affordability, pricing at other convenience stores, grocery stores, or check-cashing services can vary greatly. It is always advisable to inquire about their fees directly before making a purchase.
- Consider the Amount: If your money order is for a larger sum, the difference in fees between locations might become more significant. For example, a $1 fee is considerably less than a $3 fee for amounts over $500.
- Availability: Ensure the location is convenient for you and has the money order service readily available.
By comparing the fees at different locations, you can ensure you get the best value for your money order purchase.
