![]() ![]() However, here’s something I’ve learned from experience – not all companies that sell money orders are equally good.īefore you rush to get a money order near you, it’s worth knowing a little bit more about the types of companies that sell them – and how much you can expect to pay. The two most well-known companies that produce money orders are MoneyGram and Western Union. Only a few places actually produce money orders, but many more places sell them. So, if you’re asking yourself the following questions – why would anyone want to use a money order, where can I get a money order near me, and, most importantly, where can I get the best deal – read on. So let’s talk about all the other places where to get money orders that might suit your schedule better.īuying a money order may seem a little prehistoric – but I’m convinced they are still one of the best ways to pay someone. ![]() Don’t wait around with your check, head to your local Money Services counter to cash yours today.You can get money orders at almost any bank or credit union, but sometimes making a trip there isn’t too convenient. If you have a money order that you’re worried about being too old, you may need to get in touch with the issuer to find out the remaining value.Īt Kroger, you can cash checks and buy money orders while you do your grocery shopping. This is because the issuer may start charging fees against the money order, which will over time make it worth less. Although, their value can reduce over time if not deposited. Be aware that the bank could pull the funds from your account at any time. If you’ve made out a check and you’re worried it’s gone uncashed or deposited, then you will still owe the money.īecause of this, you should try to have enough money in your account to cover the costs of the check for at least six months to avoid the check bouncing. Closed bank accounts – if the person or company your check is from choose to change or close their bank account, your check will bounce and you may be asked to pay a fee as a result.If this happens, the bank will reject it when you try to deposit it and it will bounce back. Stopped payments – if a person is concerned their check may have been lost or misplaced, they could stop the payment on the check.This makes the chances of the check bouncing much higher. Within six months, their situation may have changed and they may not have the funds in their account. Insufficient funds – when a person initially makes a check out to you, it’s likely they will have the funds in their account.While there may be circumstances where you want to hold on to a check for a little longer, it’s always best to deposit or cash a check as soon as possible for a number of reasons, including: Why you should cash a check as soon as possible After this, you may need to request a reissued version to be sure you’ll receive your payment.Ĭertified checks and government checks should be okay for longer, but it’s always a good idea to cash or deposit a check as soon as you receive it. US Treasury Checks – checks for things like federal income tax refunds are valid for at least one year after being issued.If the bank decides to ignore the date on the check.There a few special circumstances where a bank may honor a check that’s over six months old: In this case, you’ll need to ask the person who wrote you the check to issue you a new one. If you’ve had a check for longer than six months, then the bank may not accept it as it has expired. It’s recommended you deposit a personal check within the first six months of receiving it. When writing a replacement check for a payee, always request a stop payment on the original check.If you’ve had a check for longer than six months, you should ask for it to be reissued.Personal checks are typically valid for a maximum of six months.But if you forget to deposit them, what happens to the money? Does the obligation to pay go away for the person writing the check? Find out what happens and whether or not checks expire below. ![]()
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