Retail

Does Target Have Money Orders

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 3 minute read

In terms of transmitting money across large distances and internationally, money orders are an excellent low-cost choice. Considering that Target has more than 2,000 locations across America, you may question – does Target accept money orders? Here’s what I learned!

Does Target Have Money Orders by 2022?

We’re sorry to disappoint you, but Target will no longer accept or cash money orders after 2022. Shops like Kroger, Walmart, and Safeway, as well as money transfer companies like MoneyGram and Western Union, provide money orders as an alternative. Only cash, debit cards, and credit cards are accepted forms of payment for these items, which range in price from $1 to $5.

What other locations cash and sell money orders, and how much do they cost? Continue reading to find out more about Target’s policies on these things.

Where Is the Best Place to Send and Receive Money Orders?

Several big-box businesses and other venues, such as supermarkets, corner marts, convenience stores, pharmacies, and more, allow customers to execute money orders. Money orders can be purchased from a variety of locations, including:

  • 7 Eleven
  • Kmart
  • Kroger
  • Meijer
  • Publix
  • Safeway
  • Select CVS locations
  • United States Post Office locations
  • Walmart Money Centers
  • Your local bank or credit union

You may also utilize money transfer services like MoneyGram, Postal, and Western Union to buy and cash money orders.

Keep in mind, however, that certain MoneyGram and Western Union shops will not cash money orders, even though they offer them.

Do You Know Where To Get Money Orders From?

It’s generally agreed that the safest location to make money orders is a bank or cash-checking facility that is properly accredited.

In addition to making the process of cashing a money order more safe, banks may also help buyers monitor their money orders. You may want to check with your payee to see whether they take cashiers’ checks instead of money orders, but they serve the same purpose.

As an alternative, if you purchase money orders regularly, you may wish to avoid the higher bank fees for money orders and purchase them from convenience stores or supermarkets other than Target at a lower cost.

How Much Do Money Orders Cost?

Depending on the quantity of the money order, banks and credit unions will charge between $5 and $1,000 for money orders. If you have a top-tier account, you may be eligible for free money orders.

Customers may receive a big money order for roughly $1 if they go to a supermarket, pharmacy, or corner store for their money order.

Money Orders: How Do You Pay for Them?

Because money orders are prepaid and do not include information about your bank account, you must pay the full amount of the money order in advance.

Cash, debit card or credit card are often the only forms of payment accepted by money order sellers. Make sure you save the receipt for the money order until you know for sure that you won’t require a refund.

Bottom Line

Due to Target’s lack of banking services, the company does not accept or sell money orders at any of its retail locations. Money orders may be purchased and cashed for between $1 and $5 at various supermarkets, convenience stores and pharmacies as well as post offices, banks and credit unions (or more at banks if you have a large money order).

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