How Much Are CVS Money Orders? A Comprehensive Guide for 2024

Navigating the world of money orders can feel like deciphering a secret code, especially when you're just trying to send money securely and efficiently. If you're considering using CVS for your money order needs, you're likely wondering: how much are CVS money orders? The good news is, CVS offers a convenient option through its partnership with MoneyGram, making it accessible to many. This article dives deep into everything you need to know about CVS money orders, including the costs involved, purchasing limits, alternatives, and essential tips to avoid potential scams. We'll also explore why CVS might be a good choice for your money transfer needs and compare it to other popular options like Walmart and the U.S. Postal Service. Whether you're a first-time user or a seasoned pro, this guide will equip you with the knowledge to confidently handle your money order transactions at CVS. So, let's unravel the mystery and find out exactly how much those CVS money orders will set you back!

Look no further! CVS is pleased to provide money order services at their convenient locations across the United States. Read on to learn more about CVS s money order policies and how you can easily obtain a money order when you need one. Key Takeaways: CVS offers money order services through their partnership with MoneyGram. The cost for a

Understanding the Cost of CVS Money Orders

The primary factor in deciding where to purchase a money order often boils down to cost. So, let’s get straight to the point: according to recent reports, the fee for a CVS money order is $1.25 per money order. This fee applies to money orders up to a certain limit, which we’ll discuss next. Keep in mind that this information is based on third-party sources as CVS doesn't explicitly list the money order fee on their website. It's always a good idea to confirm the current fee with your local CVS pharmacy before making your purchase. You can call them directly or inquire at the customer service counter.

CVS offers convenient money order services through MoneyGram at over 9,900 pharmacy locations across the U.S. But does CVS do money orders that meet your needs? Here s my in-depth guide on all things CVS money orders.

Money Order Limits at CVS

While the fee is relatively straightforward, it's important to be aware of the purchasing limits associated with CVS money orders. CVS, through MoneyGram, imposes a limit of $500 per money order. This means if you need to send a larger sum of money, you'll have to purchase multiple money orders. For example, if you need to send $1,000, you would need to buy two separate money orders, each costing $1.25 in fees, bringing your total fee cost to $2.50.

CVS no longer does money orders. I went on Monday because I was trying to get one for passport related stuff, and they told me they don't have those services anymore

Example: Sarah needs to send $800 to her landlord for rent. Since the limit per money order at CVS is $500, she will need to purchase two money orders: one for $500 and another for $300. The total cost will be $800 (the amount sent) + $1.25 (fee for the first money order) + $1.25 (fee for the second money order) = $802.50.

Purchasing a Money Order at CVS: A Step-by-Step Guide

Now that you know the cost and limits, let's walk through the process of actually purchasing a money order at CVS. It's a relatively simple process, but understanding the steps can save you time and ensure a smooth transaction.

1. Locate a CVS Store: With over 9,900 locations across the U.S., finding a CVS store is generally easy. Most CVS pharmacies offer money order services.
2. Inquire at the Customer Service Counter: Head to the customer service counter or the designated area for financial services.
3. Specify the Money Order Amount: Tell the CVS employee the exact amount you need for your money order(s). Remember the $500 limit per money order.
4. Provide Payment: CVS accepts cash payments for money orders. Be prepared to pay the face value of the money order plus the $1.25 fee for each money order.
5. Complete the Money Order: The CVS employee will process the money order. You'll need to fill out the necessary information, including the recipient's name and address, as well as your own information.
6. Retain Your Receipt: This is crucial! Keep your receipt as proof of purchase and for tracking purposes.

Why Choose CVS for Your Money Order Needs?

CVS offers several advantages that make it a convenient option for purchasing money orders:

• Convenience: With thousands of locations and often extended hours, CVS provides easy access to money order services.
• Accessibility: Many CVS stores are open evenings and weekends, making it convenient to purchase money orders outside of traditional banking hours.
• MoneyGram Partnership: CVS's partnership with MoneyGram provides a reliable and established money order service.

CVS Money Orders vs. Alternatives: A Cost Comparison

While CVS offers convenience, it's essential to compare the cost of their money orders with alternatives to ensure you're getting the best deal. Here's a quick comparison:

• Walmart: Walmart is often cited as having some of the lowest money order fees, typically under $1 and with limits up to $1,000.
• U.S. Postal Service (USPS): Money order fees at the post office are generally comparable to CVS, often around $1.25 for lower amounts.
• Rite Aid: Rite Aid previously offered money orders through Western Union with fees around $0.99 per money order up to $500, but availability may vary. Check with your local Rite Aid.

Example: Let's say you need to send $300. At CVS, the fee would be $1.25. At Walmart, the fee would likely be less than $1. If you frequently send money orders, these small differences can add up over time.

Important Considerations: Avoiding Money Order Scams

Money orders are a convenient payment method, but it's crucial to be aware of potential scams. Here are some tips to protect yourself:

• Only Purchase from Reputable Sources: Stick to well-known and trusted locations like CVS, Walmart, or the USPS.
• Never Send Money to Strangers: Be wary of requests for money orders from people you don't know, especially online.
• Verify the Recipient: Double-check the recipient's information before sending the money order.
• Keep Your Receipt: This is your proof of purchase and is essential for tracking or disputing the money order if needed.
• Be Wary of Overpayment Scams: This common scam involves someone sending you a money order for more than the agreed-upon amount and asking you to return the difference. The original money order may be fraudulent, leaving you responsible for the full amount.

Frequently Asked Questions About CVS Money Orders

Here are some frequently asked questions about CVS money orders to further clarify the process:

Does CVS cash money orders?

No, CVS does not cash money orders. While you can purchase money orders at CVS, you'll need to find another location to cash them, such as a bank or check-cashing service.

What form of payment does CVS accept for money orders?

CVS typically only accepts cash for money order purchases. Be sure to have the exact amount needed, including the fee.

What happens if I lose my CVS money order receipt?

Losing your receipt can make it difficult to track or replace a lost or stolen money order. Contact MoneyGram immediately and provide them with as much information as possible, such as the date of purchase, amount, and recipient's name. They may be able to help you track or cancel the money order, but having the receipt makes the process much easier.

Can I purchase multiple money orders at CVS?

Yes, you can purchase multiple money orders at CVS, but remember the $500 limit per money order. You'll need to pay a $1.25 fee for each individual money order.

What identification do I need to buy a money order at CVS?

While not always required, you may need to present a government-issued ID when purchasing money orders, especially for larger amounts. Federal regulations require identification for purchases of money orders totaling $2,000 or more in one day.

MoneyGram Money Transfers at CVS: Another Option

In addition to money orders, CVS also offers MoneyGram money transfer services. This allows you to send money electronically to recipients around the world. While the fees and limits for money transfers differ from money orders, it's another convenient option available at CVS.

The fees for MoneyGram money transfers at CVS depend on factors such as the destination country and the amount being sent. It's best to check the MoneyGram website or inquire at your local CVS for specific fee information.

The Future of CVS Money Orders

As of 2024, CVS continues to offer money order services through MoneyGram at most of its locations. While there have been some anecdotal reports of individual CVS stores discontinuing the service, it remains a widely available option. It is always advised to call the CVS nearest you to confirm that they do indeed offer the service.

Given the increasing popularity of digital payment methods, the future of money orders is uncertain. However, they remain a valuable option for individuals who prefer to use cash or who do not have access to bank accounts. CVS's commitment to providing money order services through MoneyGram ensures that this option remains available to its customers.

Conclusion: Is a CVS Money Order Right for You?

So, how much are CVS money orders? The answer is $1.25 per money order, with a limit of $500 per order. CVS offers a convenient and accessible option for purchasing money orders through MoneyGram, thanks to its widespread locations and extended hours. However, it's important to consider the fees and limits compared to alternatives like Walmart and the U.S. Postal Service. Always prioritize security and be aware of potential scams. Ultimately, the best choice depends on your individual needs and preferences. If convenience is your top priority and you're comfortable with the fee, CVS is a solid option. Remember to always call your local CVS to confirm they still offer money order services and what their current fees are.

Key Takeaways:

• The fee for a CVS money order is $1.25 per money order.
• The limit per money order is $500.
• CVS offers money order services through MoneyGram.
• Walmart often has lower money order fees.
• Be aware of money order scams.

Ready to send a money order? Visit your local CVS pharmacy today! Check their hours of operation and confirm that they are offering the service before heading over.