CVS MONEY ORDER FEE

Need to send money but don't have a bank account or prefer a more traditional method?Money orders can be a convenient solution, and CVS, with its widespread presence, offers this service. Each money order of CVS has a maximum limit of $500. Therefore, if you want to purchase more than $500, you will have to purchase more money orders. You will also need to pay a $1.25 fee for every other money order. CVS money order is available at every outlet, and some of them operate 24/7. What Is the Maximum Limit of Money Order At CVS?But before you head to your local CVS, it's crucial to understand the associated costs.The CVS money order fee is a key factor to consider when weighing your options. How much does a CVS money order cost? CVS doesn't currently disclose the CVS money order fee on their website. Third-party sources report that the CVS money order cost is $1.25 per money order. You can get in touch with your local pharmacy to learn how much CVS cash money orders cost at your location.This comprehensive guide dives deep into everything you need to know about CVS money orders, from the specific fee you'll encounter to the limitations and alternatives available. See full list on firstquarterfinance.comWe'll explore the convenience of using CVS, compare it to other providers, and offer practical tips to make your money order transactions as smooth and cost-effective as possible. What is the CVS Money Order Fee? The CVS money order fee stands at $1.25 per money order. However, there s a limit of $500 for each. It means you ll incur higher costs if you need more than $500 and are required to buy multiple. The CVS money order cost is higher than other places to get money orders near me, like Walmart, Meijer, PublixThink of this as your one-stop resource for navigating the world of CVS money orders. CVS doesn t currently list the cost of a money order on its website. However, according to third-party sources, the fee is $1.25, with a maximum amount per money order of $500. This is slightly lower than the fee charged by the U.S. Postal Service, which is $2 for orders up to $500 and $2.90 for orders up to $1,000.Whether you're a first-time user or a seasoned pro, we'll equip you with the knowledge to make informed decisions.Forget surprises at the register – let's get started and unravel the details of the CVS money order fee.

The Current CVS Money Order Cost

So, what's the bottom line? Currently, the fee for a CVS money order is $1.25. If you want to purchase multiple CVS money orders, you will have to pay multiple fees. For example, if you need $1,000 in money orders, you ll buy two money orders with a $1.25 fee each.Currently, the CVS money order fee is $1.25 per money order.It's important to note that this fee applies to each individual money order you purchase, regardless of the amount.This flat-rate pricing offers transparency and predictability, allowing you to accurately calculate the total cost of your transaction.

Unlike some services that might deduct the fee from the money order amount, CVS charges the $1.25 fee separately.This means you'll need to have the exact amount of the money order plus the fee readily available in cash.

Breaking Down the Fee Structure

To illustrate how the fee structure works, consider this scenario: You need to send $300. MoneyGram tracking overage fees: Monitoring a CVS-issued money order online or via phone costs $1.50 per request after the first check. Status can be checked once without charge. Monthly maintenance fees: Money orders outstanding for over one year risk being charged monthly fees around $3 per order. Cashing within 12 months avoids this possibility.Since the fee is $1.25, you'll pay $301.25 in total ($300 for the money order + $1.25 fee). CVS sells its money orders through MoneyGram and charges $1.25 for every money order with a limit of $500. You ll need to purchase several money orders if you want a higher amount. You can purchase a money order at any CVS store that sells them anytime during regular business hours.Now, let's say you need to send $700. 3. CVS. Limit: $500 Fee: $1.25 Provider: MoneyGram You may be surprised, but pharmacy stores like CVS also issue money orders. Also, there are over 9,406 CVS locations, meaning you can never be too far from one.Because CVS has a limit of $500 per money order, you'll need to purchase two money orders – one for $500 and another for $200. According to recent customer reports, the fee at CVS to buy a money order is $1.25 per order. Previously, the fee was $0.99 per order. The limit per money order is capped at $500. So for example, if you need to send $1,200, you would have to purchase three separate orders at $400 each plus fees.In this case, your total cost would be $702.50 ($500 + $200 + $1.25 + $1.25).

As you can see, the CVS money order fee can add up, especially if you need to send larger sums of money and require multiple money orders.

Money Order Limits at CVS

Understanding the limits associated with CVS money orders is just as crucial as knowing the fee.As mentioned earlier, CVS imposes a maximum limit of $500 per money order. Why Use CVS for MoneyGram Money Orders? Convenience: CVS has 9,900 locations often open evenings and weekends. One‑stop shop: Buy USPS‑backed money orders or send MoneyGram transfers under one roof. Predictable fees: Flat‑rate pricing on money orders; tiered fees on transfers.This means that if you need to send an amount exceeding $500, you'll be required to purchase multiple money orders.

This $500 limit, combined with the $1.25 fee per money order, is a critical consideration when comparing CVS to other money order providers.If you frequently send larger sums, you might find alternatives with higher limits and potentially lower overall costs to be more suitable.

Payment Methods Accepted for CVS Money Orders

CVS only accepts cash payments for money orders. Transaction Fees and Amount Caps. Fees for money orders at CVS vary slightly by location but are typically around $1.25, a competitive rate compared to other providers. The maximum value of a single money order at CVS is generally $500. For larger sums, multiple money orders can be purchased, though each incurs a separate fee. DocumentationThis is a vital point to remember before heading to the store. Fee: There is a $1.25 fee per money order purchased, regardless of the amount. This fee is charged separately, not deducted from the money order amount. Maximum amount: $500 per money order. If you need more than $500, you must purchase separate money orders. Payment method: Cash only.You cannot use debit cards, credit cards, or personal checks to purchase a money order at CVS.Make sure you have sufficient cash on hand to cover the money order amount and the $1.25 fee.

Where Does CVS Get Their Money Orders?

CVS partners with MoneyGram to provide money order services.This means that the money orders you purchase at CVS are actually MoneyGram money orders.This partnership offers CVS customers access to a reputable and established financial service provider.

The Convenience Factor: Why Choose CVS for Money Orders?

Despite the fee and the $500 limit, CVS offers several advantages that make it a popular choice for purchasing money orders:

• Accessibility: With a vast network of locations across the country, finding a CVS store is usually quite easy. Yes, there is a fee for getting a money order. At CVS, it is $0.99. The fee isn t per transaction but per money order. If you need $940 in money orders (making it necessary to buy two), youMany CVS stores also have extended hours, including evenings and weekends, providing added convenience.
• One-Stop Shop: CVS offers a variety of services beyond money orders, allowing you to take care of other errands while you're there.You can pick up prescriptions, purchase household items, and send MoneyGram transfers all in one location.
• Predictable Pricing: The flat-rate fee of $1.25 per money order provides price transparency and simplifies budgeting.You know exactly how much you'll pay for each money order upfront.

Comparing CVS Money Order Fees to Other Providers

To determine if CVS is the right choice for your money order needs, it's essential to compare its fees to those of other providers.Here's a brief comparison:

• U.S.Postal Service (USPS): The USPS charges $2.00 for money orders up to $500 and $2.90 for money orders up to $1,000.While the fee is slightly higher than CVS for smaller amounts, it can be more cost-effective for larger transactions if you can purchase a single money order.
• Walmart: Walmart often offers some of the lowest money order fees available.Their fees typically range from $0.70 to $1.00, depending on the amount.However, availability may vary by location.
• Meijer: Meijer is another option that may offer competitive money order fees, often lower than CVS.Check with your local Meijer store for specific pricing.
• Publix: Publix sometimes has lower costs for money orders compared to CVS.It’s a good idea to check current rates with your nearby Publix to evaluate the difference.

As you can see, the CVS money order fee isn't necessarily the cheapest option.However, the convenience and accessibility of CVS may outweigh the slightly higher cost for some individuals.

Potential Hidden Fees and Considerations with MoneyGram at CVS

While the $1.25 fee is the primary cost associated with CVS money orders, there are a few potential ""hidden"" fees and considerations to be aware of:

MoneyGram Tracking Overage Fees

MoneyGram, the provider behind CVS money orders, allows you to track your money order online or by phone.You can check the status of your money order once for free.However, subsequent tracking requests will incur a fee of approximately $1.50 per request.

Monthly Maintenance Fees

If a money order remains uncashed for an extended period (typically over one year), MoneyGram may begin charging monthly maintenance fees.These fees can be around $3 per month per money order and can quickly erode the value of the money order.To avoid these fees, ensure that the recipient cashes the money order within 12 months of purchase.

Lost or Stolen Money Orders

If your money order is lost or stolen, you'll need to file a claim with MoneyGram to obtain a replacement.This process may involve additional fees and require you to provide proof of purchase and identification.

Step-by-Step Guide to Purchasing a Money Order at CVS

Here's a simple guide to walk you through the process of buying a money order at CVS:

1. Locate a CVS Store: Use the CVS store locator on their website or app to find a location near you that offers money order services.
2. Visit the Customer Service Counter: Head to the customer service counter or the designated area for money order purchases.
3. Specify the Amount: Tell the CVS employee the exact amount you want the money order for.Remember the maximum limit is $500 per money order.
4. Provide Cash Payment: Pay for the money order and the $1.25 fee with cash.
5. Fill Out the Money Order: Carefully fill out the money order with the recipient's name, your name and address, and any other required information.
6. Retain Your Receipt: Keep the receipt in a safe place, as it's essential for tracking the money order and filing a claim if it's lost or stolen.

Alternatives to CVS Money Orders

If the CVS money order fee, the $500 limit, or the cash-only payment requirement doesn't suit your needs, consider these alternatives:

• Walmart Money Orders: As mentioned earlier, Walmart often offers lower fees and may have higher limits than CVS.
• USPS Money Orders: The U.S.Postal Service provides reliable money order services with higher limits, although the fees are slightly higher than CVS for amounts under $500.
• Bank or Credit Union Money Orders: If you have a bank account or credit union membership, you can typically purchase money orders from them.Fees may vary, but they often offer competitive rates and higher limits.
• Online Money Transfer Services: Services like PayPal, Venmo, and Zelle offer convenient online money transfer options.While these services may have fees, they can be a good alternative if you prefer to avoid cash transactions.
• Prepaid Debit Cards: If you need a method of payment that isn’t cash, loading money onto a prepaid debit card can work for purchases online or in-store.These often have fees for purchase and reloading, so it’s best to use them sparingly and strategically.

Tips for Saving Money on Money Orders

Here are a few tips to minimize the costs associated with money orders:

• Compare Fees: Always compare the fees of different money order providers before making a purchase.
• Consolidate Transactions: If possible, consolidate multiple payments into a single money order to avoid paying multiple fees.
• Cash the Money Order Promptly: Encourage the recipient to cash the money order as soon as possible to avoid potential monthly maintenance fees.
• Track Your Money Order: Use the tracking number to monitor the status of your money order and ensure it's been cashed.However, avoid excessive tracking to avoid additional fees.

Frequently Asked Questions About CVS Money Orders

How much does a money order cost at CVS?

The CVS money order fee is $1.25 per money order.

What is the maximum amount for a money order at CVS?

The maximum amount for a single money order at CVS is $500.

Can I pay for a CVS money order with a debit card?

No, CVS only accepts cash payments for money orders.

How do I track a CVS money order?

You can track your CVS money order online or by phone through MoneyGram.You get one free check, but subsequent checks have a fee.

What happens if my CVS money order is lost or stolen?

You'll need to file a claim with MoneyGram to obtain a replacement.Be sure to keep your receipt in a safe place.

Conclusion: Is CVS the Right Choice for Your Money Order Needs?

The CVS money order fee of $1.25 per money order, coupled with a $500 limit, makes CVS a convenient option for some but potentially not the most cost-effective for others.The accessibility and extended hours of CVS stores are significant advantages.However, if you need to send larger sums of money or prefer to pay with a debit card, exploring alternatives like Walmart, USPS, or online money transfer services might be more suitable.

Ultimately, the best choice depends on your individual needs and priorities.By understanding the fees, limits, and alternatives associated with CVS money orders, you can make an informed decision that aligns with your budget and convenience requirements.Remember to always compare fees, consolidate transactions when possible, and track your money orders to ensure a smooth and cost-effective experience.

Before you head to CVS, take a moment to weigh your options and consider whether the convenience of CVS outweighs the potential cost savings of other providers.By doing so, you can ensure that you're making the most financially sound decision for your money order needs.Ready to send that money order?Now you're armed with the knowledge to do it right!