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 money order fee of $0 to $5, depending on what type of checking account you have.
Cost of a Chase Money Order
Chase checking account holders can buy money orders for up to $1,000. Here are the money order fees based on the type of checking account:
|Chase Checking Account Type||Money Order Fee|
|Chase Premier Plus Checking account||$0|
|Chase Premier Platinum Checking account||$0|
|Chase Total Checking account||$5|
|Chase College Checking account||$5|
|Chase High School Checking account||$5|
Money Order Fee Comparison
To see how Chase’s fees for money orders stack up, here are some competitors’ money order fees:
- United States Postal Service: Money orders up to $500 have a fee of $1.20, and the fee increases to $1.60 for money orders of $500.01 to $1,000. A military money order, issued by a military postal facility, costs 40 cents.
- Walmart: Walmart issues MoneyGram money orders up to $1,000 for a fee of 70 cents.
- Wells Fargo and TD Bank: Similar to Chase Bank, 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.
How to Get a Chase Money Order
To purchase a money order from Chase, you’ll need to visit a branch. Chase Bank does not issue money orders online.
You can follow these steps to get a money order from Chase Bank:
- Make sure you have the amount of the money order in your Chase checking or savings account.
- Let the teller know how much you want a money order for, and he will print it for you.
- Write in the name of the payee on the line with “Pay to the order of.”
- 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.
Keep Reading: Cashier’s Check vs. Money Order — Here’s the Difference