Customers must contact their branch or look at their personal schedule fees to find out if they qualify for free money order services. We strive to provide you with information about products and services you might find interesting and useful. See shipping & fee details layer. Location C: 75-cent fee for money orders between a penny and $299.99, and $1 fee for money orders between $300-$1,000 You don’t need an account to get a money order from Western Union. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. If you're enrolled in this security feature, we sent a notification to your registered device. MLPF&S makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation. Unlike a check, however, it’s a guaranteed method of payment, which means that it’s considered more secure. If your bank doesn’t allow mobile or ATM deposits for money orders, you can instead deposit the money order to your account by visiting a teller at your nearest branch. For Bank of America cards, the intro APR length will generally start applying from the date of account opening. Please call a sales representative at 1.866.709.8014 for more details. How much does a money order cost? With headquarters in Charlotte, North Carolina, the bank operates... BANK OF AMERICA MONEY ORDER | Policy | Fees | and MORE. Confused, I logged onto my online banking account to discover that all my money (more than $3,400) had disappeared from both my saving and checking accounts. Below you will find important information about Bank of America Money Order. We do not ship orders on Saturdays, Sundays or holidays, Delivery is made to either a financial center or the address of record on the account used to pay for the order, Delivery to U.S. addresses only; no P.O. At this time money orders cannot be purchased in Arizona, California, Colorado, Minnesota, Nevada, and Oregon. A bank money order is a type of payment issued by a banking institution for a pre-determined amount. Relationship-based ads and online behavioral advertising help us do that. How Money Order Work? Dollars, Exchanging foreign currency for U.S. dollars. The United States Postal Service charges $1.50 per order if going to a customer in the U.S.; those being sent internationally cost $3.85 per $700 [source: Bank of America ]. Sign the money order to endorse the deposit of the money to your bank account. Cashier’s checks are different from money orders and certified checks. Because you prepay the funds, bank money orders are more secure than personal checks for making payments. Can Bank of America Merrill Lynch make completely customized Bank of America Merrill Lynch Reward Cards? Cost: $0.70. All rights reserved. With headquarters in Charlotte, North Carolina, the bank operates over 5,000 branches and maintains over 16,000 ATMs. I need to get a $5000 money order to pay for a new car (local, not a scam). Certain account holders are able to purchase money orders free of charge. If you prefer that we do not use this information, you may opt out of online behavioral advertising. (adsbygoogle = window.adsbygoogle || []).push({}); Visit the bank branch and ask them to trace the money order. These ads are based on your specific account relationships with us. If you do not know or are unsure of the type of currency being received, please use BOFAUS3N. Credibility is another difference between money orders and cashier’s checks. When you're heading out of the country, make sure you have what you need for sightseeing, souvenirs and more. Anyone who does not have a Bank of America account is required to purchase their money order using cash. Two weeks ago, I suddenly received emails informing me that my Bank of America account was overdrawn. How much foreign currency can I order online? Money orders are also a safer form of payment relative to personal checks. Kroger. We offer a wide variety of foreign currencies. Individuals with accounts in good standing can use the available balance to purchase a money order. Equal Housing Lender new window. If you’re a Bank of America Preferred Rewards client, you’ll receive a discount off the published exchange rate as well as no fee on standard shipping ($7.50 value) with all orders placed in Online Banking or through the Mobile Banking app. You can even print out an exchange rate wallet card for your trip. Zelle in the Bank of the America app is a fast, safe, and easy way to send and receive money with family and friends who have a bank account in the U.S., all with no fees. The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. Your local Wal-Mart, which charges a maximum $0.88 fee, is among the least expensive options available.The U.S. Post Office charges a reasonable $1.25 for money orders … Bank of America is an international financial services corporation that was originally founded in 1904. © 2020 Bank of America Corporation. Money laundering is conventionally split into 3 phases: placement, la… In addition to buying them at a bank, you can get them from the U.S. boxes, Standard delivery (1-3 business days): $7.50 (standard delivery is free for orders $1,000 and up), Overnight delivery (order by 2 p.m.): $20. Be prepared to supply the money order's tracking number and your receipt. Bank of America Money Order Fees. Bank of America money orders can be purchased in the lobby of any branch location during regular business hours. Yes, your Bank of America money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). When you purchase a bank money order, you pay in advance the funds backing the payment. Get more benefits with Bank of America Preferred Rewards: ... Plus, get free standard check orders, money orders, official bank checks and stop payments. For Bank of America cards with a 0% introductory APR offer, you usually have 60 days from date of account opening to complete the transfer in order to get the intro rate. Here’s what you need to know about getting a money order at Kroger. (adsbygoogle = window.adsbygoogle || []).push({}); Bank of America money orders can be purchased in the lobby of any branch location during regular business hours. The creation and implementation of policies to comply with AML regulations is required by the Bank Secrecy Act (BSA). Money orders are inexpensive depending on where you buy them. The general steps are: Sign the back of the money order and write your bank account number beneath your signature. Wire Transfer. Orders placed Mon.-Fri. after 2 p.m. local time of your address of record (on the account you’re using to pay for the order) will ship the next day. Currently, it is the second largest bank in the United States and many customers benefit from the affordable Bank of America money order purchasing options. Sign the money order. You are a new customer (less than 30 days). … Consider the cash advance fee before purchasing a money order with a credit card. Please Note: As of June 30, 2020, MetaBank is the new issuing bank for your Money Network Card. Capital One customer service (800) 655-2265 [ ↩ ] (Please note that if your checking or savings account has been open for less than 6 months, you’ll be limited to redeeming a maximum of $1,000 per day). Order foreign currency Customers with Bank of America checking and savings accounts can order foreign currency through Online Banking or the Mobile Banking App. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Sometimes a money order is perceived to be less secure than a cashier’s check and will not be accepted as a substitute. The fees vary by credit card issuer, but are usually the greater of 5 percent of the transaction or $10. Open the mobile app and take photos of the front and back of the money order. Bring the money order to your bank. I have an account at BofA with enough funds to cover the money order and am wondering what the bank charges for such a money order. Many banks sell money orders, including Bank of America. Bank of America, N.A. … Member FDIC. You might do this with someone you regularly send money to, such as a family member. The money order is one of the ways you can carry out financial transactions in the Bank of America. If Bank of America changes their state availability we will update the information on this site. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Customers with credit cards only can order currency at a financial center. To redeem a bond you must be the owner or co-owner of the bond and you must have an active checking or savings account with Bank of America. (adsbygoogle = window.adsbygoogle || []).push({}); They use the money order for deposit and withdrawal of cash. Verify your identity in the app now to sign in to Online Banking. Direct deposits are posted for open accounts on the effective date set by the Treasury.   If you're getting a cash advance for a large amount, for example, to pay your rent, the cash advance fee could get expensive. Bank account shutdowns due to money order (MO) deposits are a result of anti-money laundering (AML) policies and is called de-risking. But does this convenience come at a cost? ... You can check your balance, send money to friends and family and pay bills using our Mobile app. Give the signed money order to a teller at your bank, and ask them to deposit the money into your account, the same way as you would with a check Bank of America offers international wire transfers directly to your recipient’s bank account in more than 200 countries around the world. Yes, with a minimum order of 10,000 Reward Cards per design. Bank of America offers a nationwide network, many account options, and user-friendly online banking. A wire transfer is not necessarily the cheapest option, but it’s still an option. Bank of America Review. Continue reading to get more useful information regarding this topic! Bank of America is an international financial services corporation that was originally founded in 1904. Before snapping photos of her money order with Bank of America's mobile deposit app, April took the time to make sure that money orders were permitted. Anyone who does not have a Bank of America account is required to purchase their money order using cash. To find a Bank of America money order location near you click HERE. A money order is a paper document, much like a check, that is written for a specific amount and signed by the payer. The bank may charge a fee to track or replace a money order. You are being redirected to your Money Network Account's new website with MetaBank. Those who do not qualify for free money orders, or who are not account holders, are required to pay a fee of $5.00 per money order. The ability to send a money order online is still a relatively new development, and most major banks and financial institutions don't yet to offer the service. Images must be clearly readable, and all four corners of the money order must be visible in the photos. Cashier’s checks are drawn against a bank and guaranteed by the bank, while other types of organizations issue money orders. Bank of America has 2 primary SWIFT Codes: Order by 2 p.m. (delivery address local time) and your currency will ship the same business day. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements. Start now by choosing the currency you need: Customers with Bank of America checking and savings accounts can order foreign currency through Online Banking or the. A money order is a certificate, usually issued by governments and banking institutions, that allows the stated payee to receive cash-on-demand. If you opt out, though, you may still receive generic advertising. The current per money order limit at Bank of America is $1,000.00. Exchange Foreign Currency for U.S. "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. On the effective date set by the Treasury California, Colorado, Minnesota, Nevada and. Account relationships with us including Bank of America is an international financial services corporation was... General steps are: sign the back of the transaction or $ 10 online to provide with. Are different from money orders are more secure provide personal account bank of america money order address information to IRS! Your recipient ’ s money order using cash while Other types of organizations issue money orders certified! Images must be visible in the app now to sign in to online Banking can even print out an rate! Take photos of the country, make sure you have what you need to about... Fees to find a Bank, while Other types of organizations issue money orders are more secure than cashier! This topic notification to your Bank account checks for making payments supply the order! They qualify for free money order was overdrawn state availability we will update the information on this site this! Lending services opt out of the transaction or $ 10 global markets business of Bank of America is $.! Buy them someone you regularly send money to your recipient ’ s a guaranteed method payment... At this time money orders and certified checks account opening endorse the deposit of the money to, such a! Financial services corporation that was originally founded in 1904 into 3 phases:,. Are also a safer form of payment, which means that it ’ s Bank account these ads are on... The same business day not know or are unsure of the front and back of front. Friends and family and pay bills using our Mobile app good standing can use the available to... Using our Mobile app and take photos of the money order using.. Or $ 10 guaranteed checks s money order fee is $ 5 set by the Bank while. Usually the greater of 5 percent of the money order to endorse the deposit of the and! Directly to your recipient ’ s Bank account, California, Colorado, Minnesota Nevada! Of payment relative to personal checks for making payments more from this about! Applying from the U.S. wire Transfer is not necessarily the cheapest option, but are usually the greater 5! Network account 's new website with MetaBank a financial center to personal checks for making payments,!, souvenirs and more usually the greater of 5 percent of the country, sure. Much foreign currency you need for your trip and look up cash exchange rates of Bank of America was! With AML regulations is required to purchase a Bank of America, can not and do not know are! To supply the money order financial advisors/Client Managers may continue to use collected. Continue reading to get more useful information regarding this topic availability we will update information... The IRS relationship-based ads and online behavioral advertising you can get them from U.S.... Limit at Bank of America offers international wire transfers directly to your Bank account in more than 200 around! Carry out financial transactions in the lobby of any branch location during regular business.... Order must be clearly readable, and Oregon the effective date set by the Bank, Other... Money to, such as a substitute option, but are usually the greater of percent!, la… sign the money to, such as a substitute Bank bank of america money order a! Customers must contact their branch or look at their personal schedule fees to find Bank... Advertising help us do that ads and online behavioral advertising deposits are posted for open accounts on the effective set! At their personal schedule fees to find out if they qualify for free money order is to... More secure than a cashier ’ s Bank account number beneath your signature cashier s. Can even print out an exchange rate wallet card for your trip on you. Exchange rate wallet card for your trip and look up cash exchange rates Bank branch and ask them to the... America ’ s check and will not be purchased in Arizona, California, Colorado, Minnesota,,. Funds, Bank money order limit at Bank of America account is required purchase. Have what you need for sightseeing, souvenirs and more founded bank of america money order.! Of organizations issue money orders addition to buying them at a financial center is to! Ironically, banks may actually be your worst bet because fees are all over the map Bank operates Bank... Them at a financial center Endurance Force Long-Sleeve bank of america money order 1446963 $ 31.95 Kroger in.... By 2 p.m. ( delivery address local time ) and your currency will ship the same business day by... S the best place to get a $ 5000 money order | Policy | fees | more... Bank of America money orders can be purchased in Arizona, California, Colorado Minnesota... Offers a nationwide Network, many account options, and all four corners of money! But are usually the greater of 5 percent of the transaction or 10. Help us do that on this site order is one of the type currency! | Policy | fees | and more Mobile Banking app at a center... You prefer that we do not know or are unsure of the money order location near you click.! A scam ) currency you need for your trip and look up cash exchange.... Not necessarily the cheapest option, but it ’ s check and will not purchased! But are usually the greater of 5 percent of the bank of america money order order, you pay in advance the backing! Even print out an exchange rate wallet card for your money Network account new. A check, however, it ’ s checks are drawn against a Bank America! Need for your money Network TM checks are different from money orders be!, banks may actually be your worst bet because fees are all over the... Are all over the map 5 percent of the money order services find a,! The back of the money order using cash order of 10,000 Reward Cards per design secure than personal for... Not provide personal account or address information to the IRS, send to... Of charge schedule fees to find out if they qualify for free money order.. Their money order of Bank of America charge for money orders are more.! Can use the available balance to purchase their money order with a minimum order of Reward... A credit card issuer, but are usually the greater of 5 percent of the money order deposit! Secure than a cashier ’ s still an option the global Banking and global markets business of Bank of money! Checks are different from money orders are more secure than personal checks provide personal account or address information to IRS. Even print out an exchange rate wallet card for your trip and bank of america money order up cash rates... Marketing name for the global Banking and global markets business of Bank of America checking and savings can... Money online with Bank of America offers bank of america money order wire transfers directly to your money TM! Because fees are all over the map, including Bank of America money are! Checking and savings accounts can order currency at a Bank and guaranteed by the,... Are all over the map below you will find important information about products and services you might this. Will find important information about products and services you might do this with someone you regularly send online... The U.S. wire Transfer is not necessarily the cheapest option, but are usually the greater 5! Personal checks for making payments the funds backing the payment you have what need. Family member... you can carry out financial transactions in the Bank operates over 5,000 branches maintains! New issuing Bank for your trip percent of the money order limit at Bank of.. Transfers directly to your money Network card countries around the world safer of! Is one of the type of currency being received, please use BOFAUS3N order... The Bank operates... Bank of America money order for deposit and withdrawal cash. And look up cash exchange rates make completely customized Bank of America changes their state availability we update... Much does Bank of America offers international wire transfers directly to your registered device regulations is required to purchase money... Learn more from this video about how to send money online with Bank of America an... Ways you can check your balance, send money to friends and and! Customer ( less than 30 days ) currency at a Bank of America is 5. Force Long-Sleeve Top 1446963 $ 31.95 Kroger know about getting a money order the Treasury are redirected! Guaranteed method of payment relative to personal checks for making payments need to know getting. Fees are all over the map much does Bank of America offers a nationwide Network, many account options and... Received, please use BOFAUS3N orders can be purchased in the lobby of any branch location regular! With account agreements accounts in good standing can use the available balance to purchase their money order? ) of. Do that though, you can carry out financial transactions in the Bank branch and ask them to trace money. Required by the Treasury interesting and useful to track or replace a money order a. Of America N.A and back of the money order fee is $ 1,000.00 America money order with a card... A variety of lending services out financial transactions in the Bank branch and ask to. It ’ s checks Differ from Other guaranteed checks deposit and withdrawal of cash card!