Does Costco Do Money Orders?
Costco does not offer money order service to customers. They don’t cash them or sell them at any of their locations. However, they do provide other services. For example, Costco sells printed checks. If you require a money order, you will have to visit some other place.
The retail chain is prevalent in the US but does not offer in-store financial services. Their primary focus has been selling groceries and other materials.
Costco does not have a proper money handling department to offer financial services. However, they do accept some checks as an alternative form of payment.
Unfortunately, they don’t cash checks or money orders due to a variety of reasons.
Why Don’t Costco Do Money Orders?
Money orders involve a document form of payment to send funds that Costco does not offer. The method is unreliable and can cause the retail store to face a variety of problems.
The chain has not given an official statement about the matter. However, it is clear that Costco is apprehensive of providing in-store financial services.
They don’t offer check cashing services and even provide cash back on specific cards only. Some of you may also be wondering if the store did do money orders before. Well, here is what you need to know.
Have Costco Ever Offered Money Orders Before?
Many stores have offered money orders in the past but then stopped due to different reasons. However, Costco is not amongst them. The retail chain has never allowed customers to purchase money orders.
Cashing money orders at Costco is also not an option, nor do they accept them as an alternative form of payment. The store only takes bank cards, checks, shop cards, and cash as per their payment policy.
Besides that, the retail chain has not given any statement regarding the future. It is unlikely that Costco will sell or cash money orders any time soon.
Is There Any Money Order Alternatives At Costco?
Costco does not offer most financial services such as check cashing, money orders, and much more. However, they have shown some leniency when it comes to payment forms.
These are the best alternatives you will get at the store. The retail chain offers cash back to individuals with a membership. They are provided on specific cards only. Check out our article on how to shop at Costco without a membership.
Besides that, some locations accept personal and business checks as payment too. Other than these options, Costco does not offer other alternatives. You cannot do an online money transfer as well.
If you don’t have a bank account, then a money order will be your only option. You can get them at a variety of places other than Costco.
What Other Places Offer Money Orders?
There are many places in the US that you can purchase a money order from. For example, Publix provides a Western Union order to their customers. Retail stores like WinCo and Safeway also offer the same option.
Besides that, you can go to any bank for a money order. They sell and cash them. Additionally, you could visit your nearest Western Union directly too.
All the places that offer money orders charge a placement fee for them. They have different maximum and minimum limits too.
Typically, grocery stores charge between $1 to $5. This is lesser than what most banks ask.
Can I Buy A Money Order At Costco?
Costco does not sell money orders at any of its locations. They also don’t cash them. You cannot use them for payment or get a cash back as well. The retail chain has a strict policy regarding the different methods of payment.
If you rely on money orders for transferring funds, you must use other options. For example, various grocery stores sell them for a minimum placement fee. You can even get money orders at some retails stores 24 hours.
Many credit unions also deal with money orders and cash them for you as well. Western Union is the typical service provider to opt for because they are safe and reliable.
At Costco, you cannot transfer money online as well. The best alternatives they offer are the different payment methods they accept. For example, you can use checks to pay for the items.
Benjamin is a certified financial advisor, with over 10 years of experience in the industry. He is knowledgeable about various business and financial topics, such as retirement planning and investment management. Ben has been recognized for his work in the financial planning industry. He has also been featured in various publications.