Can I Cash Money Orders At Wells Fargo
What Is the Wells Fargo Money Guild Fee?
- Cost
- Fee Comparison
- How To Become One
- How To Avoid Scams
- Lesser Line
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A coin order allows individuals to exchange payment securely. Because you lot pay the face value of the money guild upfront, it's a guaranteed grade of payment — different a bank check. Money orders are bachelor at various banks and retailers, and you'll usually pay a fee. Wells Fargo'south money order fee is $0 to $5, depending on the type of checking account yous have.
Cost of a Wells Fargo Coin Order
Money orders are available from Wells Fargo in amounts upwards to $1,000. Here are the fees based on the type of checking account.
| Wells Fargo Checking Account Blazon | Money Society Fee |
|---|---|
| Everyday Checking | $five |
| Clear Access Cyberbanking | $five |
| Portfolio past Wells Fargo | $0 |
How Wells Fargo Money Social club Fees Compare to Other Banks' Fees
Wells Fargo's money lodge fees are comparable to those of other banks. The fee y'all'll pay depends on the blazon of account you have. Out of the following banks listed, only Chase offers gratuitous money orders to all of its personal checking customers, no matter what type of account they hold.
| Bank | Money Order Fees |
|---|---|
| Chase | $0 for personal checking account holders, $5 for savings account holders |
| U.S. Depository financial institution | $0 to $5 |
| TD Bank | $0 to $5 |
| Citibank | $0 to $v |
How To Get a Wells Fargo Money Order
To purchase a Wells Fargo coin social club, you'll need to visit a branch. Money orders are non available to purchase online. Here are some tips on how to get and fill out a money club.
Steps To Become a Wells Fargo Money Society
- Visit a teller's station at your local Wells Fargo branch, and request a money society.
- Write the private'due south or business's proper noun on the "Pay to the lodge of" line.
- Write your name and signature in the appropriate places.
- Write your accost, if applicable.
- Include whatever account numbers to route the payment to the correct place, if applicable.
- Get a receipt and keep it until you know the money order has been received and cashed.
How To Avoid Money Guild Scams and Fraud
The most mutual money order scams involve a con artist using a fake coin gild that leaves the recipient liable for the amount. The simulated money order may exist used to gain access to a valuable item without really paying for it. Or, a scammer could utilize it to buy something from y'all and and then quickly demand a cash refund — leaving yous with the worthless coin order.
Unfortunately, it can accept longer than a calendar week after you deposit a money order for your financial institution to realize the fraud, which will exit you to embrace the coin that's been spent or refunded.
Ways To Avoid Money Order Scams and Fraud
- Make sure the coin order is existent.Await on the money order for the issuer's name and number, and telephone call to verify the money order's serial number.
- Audit the amount closely. A money order fabricated out for $100 could be contradistinct to read $1,000. Wait for signs that the amount of the money guild has been contradistinct.
- Examine the design of the coin order.Some issuers utilize authenticity features, such as inlays or watermarks. If y'all're unsure that the money club is real, take it to the issuer and ask for an opinion.
- Decline to deposit a money order and give back cash.If the money order is fake, you lot'll likely be liable.
- Refuse to accept a money order from someone who seems desperate.The agony could be a sign of someone who is trying to pull off a scam and then disappear.
- Wait until the entire amount of the money order clears — or until after you verify it'southward existent — before spending the funds, releasing the particular you sold or issuing a refund. All of these conditions may be an inconvenience to you and the person who gave you lot the payment, but it could save you from existence liable for a imitation money lodge.
Are Wells Fargo Coin Orders Worth It?
If you accept ane of the checking accounts that waive the money club fee, getting a money order from Wells Fargo is worth it because it won't cost you anything. But if your account doesn't include freebies, you lot might desire to find other places to get a money order. Otherwise, the only reason to get a coin order from Wells Fargo would be as a thing of convenience if you lot're already planning to visit a branch.
This content is not provided by Wells Fargo. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and take not been reviewed, approved or otherwise endorsed by Wells Fargo. Fees subject field to change. Data is accurate as of Jan. 26, 2022.
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Source: https://www.gobankingrates.com/banking/banks/what-wells-fargo-money-order-fee/
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