Money orders are a convenient way for everyone in the world to give money to. They also guarantee payment to whoever you’re sending your money to. This article focuses entirely on everything you should know about Walgreens Money Order.
These days retailers offer consumers different cashless modes of payments. Other than cash, credit card, or personal check, you can now pay via money orders or money transfers.
These alternative payment methods are considered safer because there’s no physical exchange of money involved.
People that are in need of a money order may take a look at what Walgreens has to offer. This is a pharmacy store, but it also offers Western Union Services for those that need the Walgreens money order.
What Is a Money Order?
Money orders have been a reliable payment method for over a century. When paying with a money order, the buyer purchases the money order with cash (or a debit or credit card, if allowed), pays a nominal fee, fills out the money order, and then uses it to pay the recipient, who redeems it for cash.
Money orders themselves are notes that often look similar to personal checks. They have many of the same blanks as personal checks, including pay to, amount, and date.
What Is a Money Transfer?
Money transfer refers to an electronic funds transfer, commonly abbreviated EFT. Walgreens offers money transfer services through Western Union.
Western Union and MoneyGram are two of the largest providers of money transfer services, although your bank can also usually transfer money to the recipient’s bank.
Services like Western Union and MoneyGram may be more attractive because they have lower fees and fewer restrictions. Banks sometimes charge significant fees to transfer money to an account at a different bank.
Money transfers can be used to transfer cash or bank account funds to another person in cash or directly to their bank account. Money transfers are secure, safe, and eliminate the risk of simply displacing cash.
Does Walgreens Sell Money Orders?
No, Walgreens does not sell money orders. It does, however, sell money transfers via Western Union. The difference between a money order and a money transfer is negligible.
The only difference is where you get them and the amount caps — with money transfers typically having higher caps for sending money. Money transfers are still paid for upfront, with the amount you want to send plus any fees.
The payment is still guaranteed to the recipient, and like money orders, money transfers are considered one of the safest ways to wire money. They are also both great ways to get and receive money when banks are closed.
At Walgreens, you can send a money transfer of up to $6,000 and receive up to $300 per transaction. Compare those limits to a similar service, MoneyGram, which offers online money transfers at a limit of nearly $10,000 per month.
How Much Does It Cost To Send a Walgreens Money Transfer?
Because Walgreens uses Western Union to send money transfers, you’ll find that their fees mirror Western Union’s. Unfortunately, Western Union’s fees change daily and depend on which country you send money to.
Don’t think that domestic senders have a one-fee transfer either; domestic senders will also see fee price changes depending on which state they want to send their money to.
You can send money transfers 24 hours a day, seven days a week. Therefore, as long as your local Walgreens is open and is partnered with Western Union, you should be able to send a money transfer with no problem.
There aren’t any Walgreens locations where you can get money orders. However, at participating Walgreens locations, you can complete a money transfer using a self-service kiosk, usually located in the photo department.
You must provide your account information and the account information for the recipient to complete the transaction.
You may send up to $6,000 per transaction and receive up to $300. Your transaction fees may vary, depending on where you’re sending the money and the method you use.
One-business-day transactions are associated with at least an $11 fee while instant transactions incur at least a $12.50 fee.
You can find out the fees for your specific transfer with Western Union’s online fee estimator. Fees for Western Union money transfers made in person and paid for in cash are $11.00 regardless of the amount of the transfer.
“In minutes service,” which makes the transfer available for pick-up at an agent location by the receiver immediately instead of in one business day, has a $12.50 fee.
Walgreens is only able to accept cash equivalent forms of payment for a money transfer made in person.
How To Send a Walgreens Money Transfer
So, you’ve decided how much you want to send and you’ve checked your fees. Sending a Walgreens money transfer is simple and takes no time at all.
Once you’ve done that, you can either go directly to your Walgreens or you can use the Western Union app to kick-start your money transfer.
If you are a Western Union member, you may find using the app to be to your advantage, as Western Union has rewards for money transfers. If you decide to use the app, the Walgreens kiosk will have a convenient way for your app to link up with the kiosk.
Once you’ve decided to either use the app or the in-store kiosk, follow these next steps to ensure the smoothest money transfer.
1. Gather Payment
Make sure you have enough money to cover the fees, as well as the amount you want to transfer.
2. Collect the Information Needed
To send a money transfer, you’ll need to provide a few basic pieces for information.
You’ll also need to provide the full name, address and phone number of the person receiving your money.
3. Double-Check the Information
Before you pay for or sign anything, the kiosk will give you a pre-receipt which includes the information you’ve given, so you can double-check its accuracy.
Maybe you got an address number wrong or you put a comma where a period should be. Either way, check for those mistakes.
4. Gather Information for the Recipient
To pick up the money you’ve sent, your recipient will need the following information:
10-digit tracking number
Answer to the secret question, if applicable
Why Would You Need a Money Order?
A money order is a great way to pay someone or have someone pay you.
1. Guaranteed Funds
A money order is issued with NO bank information on it and is backed by a 3rd party issuer like Western Union or MoneyGram. To get a money order issued, you have to use cash or have the money taken directly out of your bank account making the funds “guaranteed”.
This makes for a great way to collect payment on a used vehicle for example. The buyer doesn’t have to withdraw a large amount of cash, and the seller can avoid collecting payment via a personal check.
2. Very Convenient
Anyone can get a money order; no bank account required. Plus, the number of establishments that will issue a money order has also grown substantially, more on that later.
3. Money Orders are Traceable
When you buy a money order you’re given a receipt with all the pertinent information on it to trace it (if needed). If a money order is lost or stolen, it can be easily canceled and replaced (unlike cash).
So does Walgreens do money orders? No. Neither does Duane Reade. But money transfers work for most situations. Many people even prefer them over money orders.
If you’re set on a money order rather than a money transfer, please use one of the many other stores that sell money orders.
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