Does target do money orders? At present the answer is no, nor do they cash money orders. Although the discount store sells and provides an extensive selection of goods and services, the money order service is not on the list. In fact target do not provide any money services apart from their credit card named ‘red card’ which is provided by Mastercard®.
What Is A Money Order?
A money order is a mode of payment that can be acquired from third-party sellers. It is like a bank check where the name of the payee and amount to be paid are indicated. Many establishments and payees prefer money orders over personal checks because they will not bounce. It is guaranteed to be sufficiently funded since it is prepaid.
Money orders can be bought with cash, debit card, and credit card for $1 – $5 depending on the seller and money order amount. Banks usually charge $5 per money order (maximum amount is $1,000). Many other US stores such as CVS do them so it wouldn’t be a surprise if we see target money orders in the future.
If you want to save on cost, buy money orders from retail giants, pharmacies, and corner stores. They charge less than $1 for money orders amounting to $1,000 and less.
How Much Do Money Orders Cost?
You will pay approximately $5 for a money order up to a maximum cost of $1,000, depending on the size of the money order, if you use a bank or credit union. If you are a very prominent customer, money orders may be free to you.
The amount of money orders can cost may differ greatly. Banks and credit unions charge different amounts based on your account qualifications. If you are a premier account holder, money orders are likely to be free of charge.
Where Do You Get Money Orders?
If you need money orders you will have to skip the discount store, Target. Just use Target for when you need to buy quality items from their vast selection of products, and medicines from CVS pharmacies conveniently located in their stores. Unfortunately you wont be able to get a money order at target however you can head to the following store who sell money orders:
- Walmart Money Center
- 7 Eleven (711)
- Select CVS stores
- United States Postal Office
- Local Bank near you
- Circle K Select Stores
- US Post Office (in certain locations)
In addition to the above stores you can use the conventional dedicated money order services such as Western Union or Moneygram. You should note however that certain outlets wont cash money orders but all will sell them.
How Do You Pay For And Buy A Money Order?
Money orders are prepaid and don’t include your banking account information, so you will need to pay the entire money order amount upfront. Sellers of money orders typically accept only cash, debit card, or credit card for payment. Make sure that you keep hold of the receipt until you are positive that you will not need a refund on the money order.
Money Transfer Agencies such as MoneyGram and Western Union
These places can also cash your money order although we recommend that you do it in your bank, choose a place that is conveniently located near your place. For a more detailed listing refer to our article Where Can I Cash A Money Order? If you want to know how to cash different types of money orders, refer to our articles on cashing money orders from Western Union, Post Office, and MoneyGram.
Money Orders At Target – In A Nutshell
Is the Money Order Service available in Target? No, it is not available in Target but other big box stores like Walmart and Kmart offer the service. You can also buy and cash money orders at the bank, postal office, convenience store, and pharmacy. Money orders from the bank cost $5 per transaction (up to 1,000). You can avail one for less than $1 outside the bank.
Most money order sellers accept only cash and debit cards as payment. To get a detailed breakdown of cost and mode of payment, directly inquire from the store.