Customers of Chase Bank can purchase money orders from the bank.
Chase Bank offers money orders that can be utilized to pay bills, purchase items, or send money to people without bank accounts.
Visit a Chase Bank branch with the required amounts and any additional costs to acquire a cashier’s check from Chase Bank.
Depending on your type of deposit account, you will pay a money order cost of $0 to $5 if you are a Chase customer.
Similar to a check, a money order is a payment instrument backed by the business or financial institution that issued it.
Money orders are frequently utilized as a safe and practical payment method for those without a checking account or credit card.
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How Much Does a Chase Bank Money Order Cost?
The money order price from Chase Bank may differ based on several variables, including the money order’s value and the branch’s location. Customers with Chase checking accounts can purchase money orders for up to $1,000.
I advise contacting the bank directly or going to a branch and speaking with a representative to learn the precise cost of a money order from Chase Bank.
It’s a good idea to enquire about any specials or discounts that may be offered because certain branches may give money orders for free to clients who have particular accounts, such as a checking account or a credit card.
Chase Checking Account Type | Money Order Cost | Monthly Fee | Overdraft Fee |
Chase Secure Checking
|
$0 | $4.95 | No |
Chase Total Checking
|
$5 | $12 | $34 |
Chase Premier Plus Checking
|
$0 | $25 | $34 |
Chase Sapphire Checking
|
$0-$5 | $25 | $34 |
Chase Private Checking
|
$0-$5 | $35 | $34 |
Chase First Checking
|
$0-$5 | $0 | $34 |
Chase High Scool Checking
|
$5 | $0 | No Fee |
Chase College Checking
|
$5 | No monthly fee for five years | $34 |
Read– Chase Bank Payroll Service
Chase Secure Checking:
Chase Secure Banking offers no-minimum initial deposits and low-cost checking accounts. The account has a monthly service cost of $4.95, but no overdraft fees or other standard bank expenses exist.
Chase Total Checking:
This straightforward checking account gives you access to hundreds of ATMs and branches in addition to the ease of online and mobile banking.
Chase Premier Plus Checking:
Chase Premier Plus Checking includes a monthly service fee of either $0 or $25.
Chase Sapphire Checking:
For clients who maintain average monthly balances of at least $75,000, Sapphire Banking takes the place of Chase’s Premier Platinum Checking account.
Chase Private Client Checking features no international ATM fees. There is no Chase fee for receiving or sending wire transactions.
Chase First Checking:
There is no monthly service charge for Chase First Banking accounts.
Chase High School Checking:
When a student opens a Chase High School Checking account between the ages of 13 and 17 with their parent or legal guardian as a co-owner, the account is linked to the parent or legal guardian’s checking account, and there is no monthly service cost.
Chase College Checking:
There is no monthly service cost with Chase College Checking.
Savings Account with Chase
As of 02/10/2023, the Chase Savings account rate is 0.01%. Interest rates can change and are erratic.
Although the rates on the bank’s premium relationship savings accounts are a little higher, they still fall short of the rates offered by Internet savings accounts, which typically range from 4% to 4% or higher.
- Chase Savings: $5 monthly service charge or nothing with one of the following, each statement cycle
- Chase Premier Savings: $25 in monthly service fees or $0 per monthly bill cycle with one of the following:
- Chase Private Client Savings: For Chase Private Client Checking, there is a $35 monthly service fee OR $0 when you have at least one of the following throughout each statement period: an average commencing day balance in this account or any connected qualifying (a) deposits OR (b) investments of $150,000 or more OR, a linked Platinum Business Chase
Read– Chase Bank For Business
What steps must I take to obtain a Chase money order?
You must go to a branch to purchase a money order from Chase. Money orders cannot be purchased online from Chase.
To obtain a money order from Chase, adhere to these steps:
- Verify that the money order’s value is in your Chase checking or savings account.
- Identification: To acquire a money order from Chase Bank, you must have a valid government-issued picture I.D., such as a driver’s license or passport.
- The teller will print a money order for you when you tell them how much you want it to be for.
- Type the payee’s name on the line that says, “Pay to the order of.”
- Hold onto your receipt if you need to track or reverse the money order.
As soon as you purchase your money order, immediately fill it out with black gel ink. Save your receipt until you are certain that the payee has cashed the money order. Delivering your money order personally is preferred. If not, mail it to the payee directly.
It’s important to keep in mind that some Chase Bank locations can have extra conditions or limitations, such as caps on the number of money orders that can be bought, so it’s a good idea to contact the bank directly for more details.
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Compared to Other Money Orders from Chase Bank?
The price of a money order from a U.S. Bank may differ based on several variables, including the money order’s value and the branch’s location.
The cost of a money order from a U.S. Bank is typically a few dollars, although it may be higher or lower depending on the particular branch and the size of the money order.
Fees for money orders range from:
- Citibank: range from $0 to $5
- Wells Fargo: Money orders up to $1,000 are available from Wells Fargo. Money Order Cost $5
- T.D. Bank: Money order fees at T.D. Bank range from $0 to $5.
- U.S. Bank: Money order costs at U.S. Bank range from $0 to $5.
- PNC Bank: $5 is offered for a money order at PNC Bank.
- Truist Bank: For consumers, Truist Bank offers money orders for $5. $10 is charged to guests.
- Walmart: 88 cents for $1000 (price may vary by location).
- United States Postal Service: The costing structure for USPS money orders is as follows: $0.50 for Postal Military Money Orders; $1.45 for amounts from $0.01 to $500; $1.95 for amounts from $500.01 to $1,000. International money orders have a processing cost that varies by the destination country and an issuing fee of $10.50.
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What are Money Orders Benefits and Negative Aspects?
Below we share its benefits and negative aspects
Benefits of using money orders:
- Security: Money orders are regarded as a secure payment method due to the issuing business’s or financial institution’s guarantee. This means that the receiver will be able to receive the funds mentioned on the money order as long as the money order is correctly filled out and is not lost or stolen.
- Record-keeping: Money orders give the buyer and the recipient a payment record, which can help keep track of their financial transactions.
- Acceptability: People without checking accounts or credit cards should consider using money orders because they are a commonly accepted form of payment.
- They can be securely sent over the mail as payment. Personal checks are vulnerable to theft since they contain your account number, which you may never feel comfortable sharing with the recipient. Additionally, sending cash through the mail increases the risk of theft.
Negative aspects of money orders:
- Price: Especially for bigger sums, money orders may be more pricey than alternative payment methods like cheques or credit cards.
- Loss or theft risk: Just like any other payment method, money orders are susceptible to loss or theft. If this occurs, getting the money order back can be challenging or impossible.
- Processing time: People who need to pay a bill right away may find it difficult to use money orders because it can take several days for the money to clear, depending on the issuing business or financial institution.
- Limited availability: Money orders may not be offered by all banks or retail establishments, and some may place restrictions on the quantity or number of money orders that may be obtained.
Read– Is Chase Bank A Good Bank For Students?
Frequenlty Asked Questions
Below we share some frequenlty asked questions
1. How may a Chase Money Order be cashed?
These actions should be followed to cash a money order from Chase Bank:
- Drop by a Chase Bank branch: Any Chase Major bank location will cash a Chase Bank money order.
- Sign the money order: Be sure to sign your name exactly as it appears on the front of the money order on the money order’s back.
- Collect the funds: The representative will check the accuracy of the information on the money order, and if everything is correct, they will give you the cash or deposit the money into your account.
Note: Until the money order has cleared, which could take several business days, the bank may maintain a hold on the funds.
You should get further information by speaking with the bank directly if you have any queries or worries about cashing a money order from Chase Bank.
2. Is it possible to buy a Chase Money Order online?
No, you can’t buy a money order online from Chase Bank. Chase Bank money orders can only be acquired in person at a Chase Bank branch. You can use the “Locations” function on the Chase Bank website to locate the closest branch location.
3. Can I cash a Chase money order at any given time?
Chase Bank sets no time restriction for cashing bank-issued money orders. To guarantee that money orders are still legitimate and haven’t been lost or stolen, it’s typically advised to cash them as soon as possible.
4. What should I do if my Chase Money Order is lost or stolen?
You should notify the bank right away if you believe a money order from Chase Bank has been misplaced or stolen. What you must do is as follows:
1. Get in touch with Chase Bank: Dial the customer service number listed on the back of your money order receipt or even on the bank’s website to get in touch with the bank.
2. Give the pertinent data: When you contact, be prepared with your money order number, the amount, and any other pertinent details, such as the date it was purchased and the payee’s name.
3. Submit a claim: You might need to fill out a claim form and offer any required supporting paperwork, like a police report, to get a new money order or a refund.
Note: Be aware that there can be costs involved in replacing a stolen or lost money order and that the bank might need more proof of your identification to confirm the loss of the money order.
4. How much money can I buy with a Chase Money Order in total?
Customers with Chase checking accounts can purchase money orders for up to $1,000. Other variables, including the maximum amount you buy with a Chase Bank money order, may differ depending on the branch you visit.
5. Can I use a credit card to buy a Chase money order?
Certain Chase Bank locations might likely let you use a credit card to buy a money order, but this might not be the case everywhere.
The type of card you have, as well as your available credit and other circumstances, may all have an impact on whether this option is available to you.
Read– How To Get Personal Loan From Chase?
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