Do Moneygram Money Orders Expire Over Time

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MoneyGram money orders are a convenient way to send and receive money, but have you ever wondered if they expire over time? The good news is that MoneyGram money orders do have an expiration date.

According to MoneyGram's policy, money orders expire six months from the date of issue. This means that if you receive a money order six months ago, it's no longer valid.

MoneyGram money orders can be cashed at participating locations, such as banks, check cashing stores, and grocery stores. However, the recipient must cash the money order within the six-month expiration period.

If a money order expires, it cannot be replaced or refunded.

Do Money Orders Expire?

Money orders generally don't have expiration dates, so you can cash one no matter how old it is. However, issuers may start charging fees if a money order goes uncashed for a year or more.

Western Union charges a $2-per-month service fee for each month after the first 12, up to a maximum of $144, on money orders more than a year old. This fee can add up quickly.

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U.S. Postal money orders are an exception – they never expire and never lose value. The post office will honor its money orders for the exact amount printed on the document regardless of how old the money order is.

If you have an old money order and are worried about fees, check the back of the money order to see if there's any information about service charges. Some issuers, like MoneyGram, include this information on the back of their money orders.

You can also contact the issuing company to find out about their policies and fees. If the fees are too high, consider asking the person who gave you the money order to request a refund and send you a new one.

Take a look at this: Old Wheat Pennies Worth Money

What to Do with Old Money Orders

If you have an old money order and are concerned about fees, look on the back of the money order for service charge conditions, or contact the issuing company for more information about its policies and fees.

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Some issuers, like MoneyGram, charge carrying fees on uncashed money orders after several years. Western Union takes a $2 fee per month for money orders that exceed a year of life.

If you're worried about these additional costs, check the back of the money order for terms and information, or contact the issuer and request a refund.

Can You Cash an Expired Money Order?

If you're wondering if you can cash an expired money order, the answer is generally no.

Money orders are time-sensitive instruments that can expire, usually between one to three years after purchase, depending on the issuer.

You can try to cash an expired money order, but the issuer may not honor it.

Some issuers may still accept expired money orders, but you'll likely need to provide additional documentation or pay a fee.

You can contact the issuer directly to see if they'll still accept the expired money order.

What Happens to Unused Money Orders?

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Money orders are a convenient way to send and receive money, but what happens when they sit unused for a while? Generally, money orders don't have expiration dates, so you should be able to cash one no matter how old it is.

However, issuers may start applying fees if a money order goes uncashed for a year or more. For example, Western Union charges a $2-per-month service fee for each month after the first 12, up to a maximum of $144.

But don't worry, U.S. Postal money orders are an exception - they never expire and never lose value. The post office will honor its money orders for the exact amount printed on the document, no matter how old it is.

If you have an old money order and are concerned about fees, you can try contacting the issuing company for more information about its policies and fees. Some issuers, like MoneyGram, put service charge conditions and information on the back of their money orders.

Credit: youtube.com, Can you cash a money order if it's filled out?

If you're facing a large service fee, you might consider asking the person who gave you the money order to request a refund and send you a new one. This can be a good option if the refund fee is less than the service fees you'd face if you tried to cash the old money order.

For more insights, see: Postal Money Order Refund

Order Expiration and Assistance

Money orders, in general, don't have expiration dates, so you should be able to cash one no matter how old it is. However, issuers may start charging fees if a money order goes uncashed for a year or more.

If you have an old money order, you can check the back for service charge conditions and information. MoneyGram, for example, puts this information on the back of its money orders.

If you're concerned about fees reducing the principal amount of your money order, you can try contacting the issuing company for more information about its policies and fees. This might help you avoid surprise charges.

Here's an interesting read: How to Avoid Currency Conversion Fees

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U.S. Postal money orders are an exception to the general rule - they never expire and never lose value. The post office will honor its money orders for the exact amount printed on the document, no matter how old it is.

If you're expecting a large service fee, consider asking the person who gave you the money order to request a refund and send you a new one. This might be worth it if the refund fee is less than the service fees you'd face if you tried to cash the old money order.

Kellie Hessel

Junior Writer

Kellie Hessel is a rising star in the world of journalism, with a passion for uncovering the stories that shape our world. With a keen eye for detail and a knack for storytelling, Kellie has established herself as a go-to writer for industry insights and expert analysis. Kellie's areas of expertise include the insurance industry, where she has developed a deep understanding of the complex issues and trends that impact businesses and individuals alike.

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