How Much Will a Chase Money Order Cost You?

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Money orders are a secure way to pay bills or send cash. Because a money order is prepaid, it won’t bounce like a personal check can. You can purchase a money order from many types of vendors, and you’ll typically pay a fee.

If you’re a Chase Bank customer, you’ll pay a Chase money order fee of $0 to $5, depending on what type of checking or savings account you have.

How Much Does a Money Order Cost at Chase Bank?

Your typical Chase money order costs $5 — however, prices may vary depending on your account. Chase checking and savings account holders can buy money orders for up to $1,000.

Here are the money order fees based on the type of checking or savings account:

How To Get a Money Order at Chase Bank

To purchase a money order from Chase, you’ll need to visit a branch. Chase does not issue money orders online.

You can follow these steps to get a money order from Chase:

1. Make sure you have the amount of the money order in your Chase checking or savings account.
2. Let the teller know how much you want a money order for, and they will print it for you.
3. Write the name of the payee on the line with “Pay to the order of.”
4. Keep your receipt in case you need to track or cancel the money order.

After you buy your money order, immediately fill out the money order using black gel ink. Keep your receipt until you confirm the payee has cashed the money order.

Ideally, deliver your money order in person. Otherwise, mail it directly to the payee. The recipient will need a photo ID to cash or deposit the money order.

Alternatives To Chase Money Orders

It never hurts to comparison shop, especially when you don’t want to spend more money just to spend your money. To see how Chase’s fees for money orders stack up, here are some competitors’ money order fees:

• U.S. Postal Service: Money orders up to $500 have a fee of $2.35, and the fee increases to $3.40 for money orders of $500.01 to $1,000. A postal military money order, issued by a military postal facility, costs $0.79.
• Walmart: At Walmart, the exact money order charge varies by store, but it will be no more than $1.
• Wells Fargo and TD Bank: Similar to Chase, money order fees for both Wells Fargo and TD Bank depend on the type of the customer’s associated checking account. Fees range from $0 to $5 for money orders up to $1,000.
• Western Union: Fees vary widely based on the transaction amount, location, purchase method and transfer method. You would need to confirm this information based on the specifics of your transaction.

Although the maximum amount is typically $1,000 for U.S. money orders, you might be able to buy multiple money orders if needed.

In addition to the outlets mentioned above, you can buy money orders at other banks, credit unions and retail outlets such as Walgreens.

Benefits of Getting a Money Order at Chase Bank

There are several advantages of purchasing a money order at Chase Bank. Here are a few of them:

• Convenient for account holders: If you’re already a Chase Bank customer, you might be able to get a money order without paying a fee. 
• Trusted institution: Chase Bank is a well-established financial institution and you can trust the authenticity of financial products. 
• Accessibility: There are several branches across the country and so getting a money order should be convenient. 
• One-stop shopping: You can purchase your money order at Chase and also take care of other bank-related needs, like making a deposit or withdrawing cash. 

Alternatives To Money Orders

Money orders aren’t the only form of payment that is accepted widely. There are other alternatives like cashier’s checks, electronic transfers and payment apps that also are acceptable forms of transferring funds.

Cashier’s Check

With a cashier’s check, the bank guarantees payment to the recipient on your behalf. It’s a more secure form of payment for transactions with a higher dollar amount. It usually requires a visit in person and there is typically a $10 to $20 fee associated with the transaction.

Electronic Transfers

With electronic transfers, funds are transferred from bank to bank usually via wire. Transfers are quick and can be used for international transactions. The cost is usually between $15 to $20.

Payment Apps

Payment through an app is quick and convenient. The fund transfer can be initiated on your phone and there are minimal fees involved. This payment method may not work for larger transactions and not all vendors accept funds via an app.

Caitlyn Moorhead and Barri Segal contributed to the reporting for this article.

The information related to Chase checking and savings accounts was collected by GOBankingRates and has not been reviewed or provided by the issuer of these products. Product details may vary. Please see the issuer’s website for current information. GOBankingRates does not receive a commission for these products.

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