How Long Is A Money Order Good For?

If you want to send someone a certain amount of money but you do not want to send them a personal cheque, or if you do not have a checking account, you can still be able to send the cash. How can you do that? You can buy a money order at banks, the post office or even in some supermarkets. You must be wondering what a money order is; it is actually a secured cheque. You pay for it upfront along with giving a certain amount of fee, and the recipient cashes the money order at his/her bank. How long is a money order good for? do money orders expire?, but banks typically follow similar guidelines for cashing them as they do for cashing cheques. Continue reading the article in order to learn more.

How Long Is A Money Order Good For?


Each money order issuer has set their own individual expiration or termination arrangements. Typically, your money order would not lapse, however, it’s value will deteriorate when it is somewhere in the range of being one to three years old. If it has been this long since the purchase and the money order still has not been cashed, the issuer will charge service expenses when you try to cash or refund it. This means that it will be worth less than what it was at the hour of procurement. Administration expenses ordinarily accumulate month to month, so the more you hold on in order to resolve the issue, your money order value will also keep on decreasing.

Issuer Guidelines to Observe

There are no government laws restricting the measure of time a money order is good for. Notwithstanding, the organization that gives the money order may force money order limits on how long it can be used. For instance, Fidelity Express charges a service expense if a client liquidates a money order that is over two years old. On the off chance that the issuer gives a month to month service charge for every month past the deadline, the money order probably would not merit anything after a specific timeframe.

Given below, is a list of some major issuers and their policies on how long you have before does a money order expire.


Expires: Never

Depreciation policy: Monthly service charges are taken by MoneyGram once the money order is a year old. The back of your money order displays the amount of the monthly service charges (if in case you have to pay them). The service for money order fees that are accumulated from the face value is deducted by MoneyGram.


Western Union

Expires: Never

Depreciation policy: In a matter of one to three years since the original date of purchase, the cash request will start to deteriorate. The specific service fees will show up on the back of your money order. As opposed to changing or keeping the money order, you will have to demand a refund from Western Union.

United States Postal Service (USPS)

Expires: Never

Depreciation policy: With USPS, there is no depreciation on your money order. Regardless of whatever the date of purchase is, the issuer will pay the precise, full value of the money order that you bought.


Expires: Never

Depreciation policy: With Amscot, the money orders begin decreasing in value each month after one year of purchase. A monthly service charge of $2 will be deducted from the face value, with a maximum fee of $144.

Important Bank Obligations

The Uniform Commercial Code says that banks do not need to cash cheques that are over half year old except if the check is affirmed. In this way, banks have the caution to decline a money order that is over a half year old, regardless of whether or not the issuer puts any expiration date on the money order at the hour of issue.

Scams And Important Warnings

On the off chance that somebody gets in touch with you saying that they found an old money order and they want to give you a portion of it in return for you cashing it, do not consent to do such a thing. This is a type of an advanced-fee scam, in which the person doing the fraud offers you “free” cash and afterward constantly requests that you pay charges or different expenses before getting your cash. Likewise, a few scammers request that you cash a money order for a bigger amount of cash than what the scammer owes you and keep the difference. If in case you succumb to this trick, you may wind up obligated to your bank for the full expense of the money order or deal with indictments of wire fraud.

How Long Is A Chase Money Order Good For?

Chase sells as well as cashes money orders, however with certain limitations. By and large, it just offers money order services to individuals who hold an account. Chase offers money orders of up to $1,000. There is no base sum. You can pay for a Chase money order with money or by debiting your financial account.

The company by and large will possibly give money orders on the off chance that you have a bank account with Chase. Nonetheless, a few areas said that they would give money orders to non-clients who pay in real money, while others said they would give money orders to Chase credit card holders.

Typically, for the most part, Chase will cash money orders that have been drawn on its own bank for only clients. There are no charges or set cutoff points on the sum or number of money orders you can cash as a Chase account holder, or restrictions on how long are money orders good for. However singular branches may execute limits at their prudence. For non-Chase money orders, you can store the assets into your Chase ledger.

There are very limited branches that said that they would cash Chase money orders for non-clients. Wherever this service is accessible, the charges are typically $8. The highest is $1,000 since that is the maximum amount of a Chase money request.

Do Money Orders Have A Purchase Date On Them?

The date of purchase is the date upon which you actually buy the money order and would be mentioned on the money order. Let us take Western Union as an example which is one of the most common money order issuers. Where is the purchase date on a Western Union money order? Typically, such information is given on the back of the money order.

As far as the expiration date is concerned, it is not stated on the money order. Notwithstanding, contingent on the condition of procurement, if you do not utilize or cash the money order in a matter of one to three years of the date of purchase, a non-refundable assistance fee will be deducted from the chief sum.

The service charge conditions are depicted on the back of the money order. On the off chance that the money order meets those conditions, a non-refundable service charge will be deducted from the sum that appears on the particular money order.

What Happens When A Money Order Is Not Cashed?

With most cash request issuers, including USPS, Western Union, and MoneyGram, if the money order is not cashed, you can cancel the payment. To do as such, either fill out a form or take the money order back to the issuer you initially got it from. Bring an ID and any data you have about the money order, in order to begin the cycle. It is ideal that you have a receipt from your original purchase of the money order. In the event that is fruitful, the issuer should restore assets to you, typically within around 60 days.

You have to do some paperwork to drop or cancel a money order. You may do that face to face, or you might have the option to do everything remotely. Just remember to keep your receipt any time you purchase a money order. It is ideal to give the receipt while cancelling the money order in light of the fact that it contains significant data, such as the money order number and various other subtleties.

When you present your solicitation for cancelling the money order, the issuer will explore the item and affirm that it has not been paid. On the off chance that it is still outstanding, you will get a discount or substitution, contingent upon the issuer. The cycle regularly takes 30 to 60 days. Nonetheless, the time period can fluctuate contingent upon how muddled the circumstance is.

On the off chance that anyone kept or cashed the money order, you will ordinarily get a copy of the record so you can see who endorsed it, and when they did it. On the off chance that a robbery or extortion was included, that documentation could support you and law implementing authorities to find the thieves. That data could likewise assist you with getting your cash back (if for instance, the bank that paid out assets did not appropriately confirm the personality of whoever liquidated the cash request).

How Long Is A Cashier’s Check Good For?

Cashier’s checks are a kind of official check, and the guidelines encompassing them can be convoluted. As far as the question of how long a cashier’s check is good for is concerned, there is no set or indicated expiration date for clerk’s checks. Some state that these checks do not lapse at all, while others claim that a clerk’s check is old or outdated after 60, 90, or 180 days. Cashier’s checks are supported by the responsible bank and, hypothetically, ought to be legitimate however long the bank is in activity. However, a few banks will put expiration dates on the checks themselves.


It very well may be hard to cash a conceivably terminated cashier’s check or to get a substitution cashier’s check. In the event that you do get one, search for a “void after X days” disclaimer and ensure that you cash or deposit the check before that point. On the off chance that you find an old cashier’s check, contact the responsible bank and ask them what they need from you to deal with the transaction.


At the point when you buy a money order, you pay the cash forthright in addition to a little charge. Subsequently, you can’t stop payment on a money order as you would on a check, and you have little plan of action if the individual who gets the money order does not give you products or services in return for the cash. What’s more, is that in the event that somebody takes the money order and liquidates it, it very well might be more hard for you to get your cash back or get a substitution money order than if you utilized a check. Moreover, there is no limitation to how long a money order is good for. It generally does not expire, but will decrease in value if it still has not been cashed after a few years, usually two to three.


How much is a money order cost

How much is money order, the cost of money order depends on the provider, but typically ranges from $0.70 to $10.00. Some providers may offer lower rates for larger money orders. For example, Western Union charges a flat fee of $5.00 for money orders up to $1,000.

Where can I get a money order

There are a few places where to get a money order. You can purchase one at a post office, grocery store, or even some convenience stores. You will need to fill out the form and pay with cash, and then the money order will be mailed to the recipient