CVS Money Orders: A Review

CVS Pharmacy is a billion-dollar company and is the largest pharmacy chain in the United States. Since CVS first opened its doors in 1963, the company has expanded its offerings to include beauty products, film and photo development services, greeting cards, cosmetics, and convenience foods.

One of CVS’s newest products is Money Order. Here are some of the most frequently asked questions about CVS Money Order.

Does CVS Sell Money Orders And Cash Them?

Yes, CVS sells Money Orders through its arrangement with MoneyGram. However, you won’t be able to cash them.  The charge per money order is $1.25. 

USD Cash notes

In addition, CVS offers money transfers at affordable rates.  Read on to find out how you can avail of these services at CVS.

At CVS, you can buy a money order with a ceiling of $500 per transaction. If you intend to order in excess of $500, you will have to buy more money orders.  CVS only allows cash payments. Any other form of payment will not be honored.

For customers’ convenience, some CVS stores now operate 24/7, while other branches run at regular hours – 8:00 am to 9:00 pm or 9:00 am to 10:00 pm.  

How do you buy a money order?

Go to the checkout register. Then inform the cashier of your intent to avail of a  CVS money order.

You will be asked to show any government-issued photo ID – state I.D card, driver’s license, passport, social security ID, or state ID card.  After payment, the cashier will give you your money order.

Can You Cash Your Money Order At CVS?

No, you cannot cash your Money Order. 

Can You Transfer Money at CVS?

money transfer shop front

You can receive or transfer money at CVS via MoneyGram.  Just show a government-issued photo ID to the money transfer agent so you can get started.

How Do You Transfer Money At CVS?

The agent at MoneyGram station will give you a form to fill.  Write the full name of the recipient. It must match the one on his photo ID and the exact location of where the money will be transferred to.

Next, pay cash for the money transfer and service fees.  You will then receive a reference number that you should forward to your recipient.   MoneyGram will require your recipient to present the reference number at the pickup location.

You and your recipient can monitor the status of the money transfer via Track a Transfer tool at MoneyGram’s website.

Charges and transfer limit will be calculated based on your transaction details.  The approval or rejection of your money transfer request will be computer-generated.

Take note that the fees will depend on the total amount to be transferred and the money destination.  If you want a cost estimate of the rates and fees, just go to the MoneyGram site.

How Do You Collect A CVS Money Transfer?

If you are on the receiving end of a money transfer from MoneyGram, your funds will be released in cash.

Just present the reference number of the transaction provided by your sender and a government-issued photo ID.  It’s best to check the status of the money transfer before you go to the pickup location.

To Recap

At CVS, you can transfer money or buy a money order through MoneyGram.  Remember, the maximum amount per money order is $500 with a $1.25 fee.

You have the option to buy multiple money orders if you plan to exceed the per transaction limit.  Please note that money orders cannot be cashed in CVS.

For money transfers, charges and limits will be calculated based on the amount of the money transfer and the intended destination.

Keep in mind that CVS’ money transfer services and money orders can only be availed with cash payments. You should always bring a valid I.D that was issued by the government.

person holding ID card