Money Order FAQ's
A money order is a form of payment that is certified and guaranteed not to bounce. Many people prefer money orders, as they are easy to track, replaceable and safer than using cash, a credit card, or checks. Perhaps you need to pay a government tax debt or child support payment. Money orders make it possible for you to prove your payment was both made and received. A money order is generated by a third party – like Speedy Cash – who makes out the money order for an amount that you decide. The funds are certified and guaranteed via Western Union® or MoneyGram® - both reputable payment processers. You can then send the money order payment to your payee without sacrificing the privacy of your bank account or credit card. You are guaranteed not to bounce your payment or incur overdraft fees.
Cashing money orders is easy, even for people who don't have checking accounts. The recipient can go to any Speedy Cash store or anywhere money order services are offered to redeem the payment.
Cashing money orders is easy. The recipient can cash it at any Speedy Cash store, or anywhere money order services are offered. It can also be deposited into a bank account, and the funds will be available right away.
Some transactions may require money orders instead of a personal check. For example, if you have a history of bouncing checks, a business might refuse to accept your personal check. Money orders are a reliable alternative to personal checks, and because they have tracking numbers, they can be replaced if lost or stolen.
You can pay for your money order with cash or with a personal loan from Speedy Cash. And cashing them is easy at any Speedy Cash location, or anywhere money order services are offered. Money orders are secure — just like personal checks, you can replace them if they're lost or stolen.
Money orders are a good option when you're paying someone who tends to hold on to your checks. For example, it's easy to forget about a big check you wrote if someone takes a month to cash it. You may think you've got extra money in your bank account, only to get an unpleasant surprise when someone finally cashes that outstanding check!
You may have trouble getting a checking account, and that's one reason we offer certified funds. You can use them to pay bills, and the recipient can process the payment immediately, whereas a personal check can take a few days to process. And if your money order is lost or stolen, you can replace it.
There's no application process. We'll just ask you who the payee is, confirm the funding for your money order and ask for photo identification. And cashing money orders with us is just as easy! If you are the payee, you'll just need to show photo ID to cash it.