Can You Deposit a Money Order at an ATM?

Even though using credit cards is a norm these days and withdrawing cash from a bank account is a child’s play, there are these money orders that help a person buy several goods and services that don’t necessarily require the use of a credit card or bank account.

The question is – Can you deposit a money order at an ATM? The short and simple answer is yes if your bank offers this service. There are many consumers who use ATMs for depositing cash and checks in their accounts. So, what can be a way to put in a money order in your bank account through an ATM? We are here to just explain that.

How do Money Orders Work?

Money orders are usually treated as documents on paper which are often used as an alternative option to cash and personal checks. The account holders, in this case, you can get to decide who gets the cash orders, as it would require your signature to prove its validity, thereby reducing any chances of theft or fraud.

It is always recommended to make payments via mail or at a postal station, Walmart or a Western Union office. You must make a note that most banks have a limit of $1000 for those items that are bought at the bank.

Can I Buy Money Orders With a Credit Card?

There are many retail outlet stores that accept credit cards, while some don’t. Sometimes, in order to get started, you might want to use your debit card in order to pay for an order. Your choice of services lets you buy with a debit card, and it is less expensive. This happens due to the fact that credit cards are mostly considered to be cash advances, imposing fees which typically range from 3%-55% of the transfer and can assess interest immediately. The interest rates may vary, and not be the same as you would usually be paying for normal purchases.

Banks You Can Use For Money Order Deposits at ATM

There are many national banks all across the United States that accept money orders at ATMs, and their financial policies differ from one bank to the other. Here are some banks that deposit a money order into an ATM.

  1. Capital One

Can You Deposit a Money Order at an ATM?

With over 750 branches, Capital One is one that specializes in credit cards, personal and business loans, checking and savings account, cash money orders, and free notary services. Along with this the bank has around 2000 bank ATMs and has access to all over 70,000 AllPoint ATMs throughout the United States.

  1. Chase

Can You Deposit a Money Order at an ATM?

One of the most popular banks across the United States, Chase has more than 4,800 branches and 16,000 ATMs. Their products and services are of a wide range which includes checking accounts and savings accounts, credit cards, cash third-party checks, get cheap money orders, mortgages, auto loans, and business banking services.

  1. Citizens Bank

Can You Deposit a Money Order at an ATM?

A regional bank headquartered in Rhode Island, Citizens Bank is one that operates with over a thousand branches and has over 3100 ATMs across 11 states, they are committed to providing quality banking services and products to their customers.

  1. Santander

Can You Deposit a Money Order at an ATM?

A global bank with more than 650 banking offices and 2000 ATMs all across the United States, the bank has earned quite a reputation for itself due to its financial performance. Apart from this, the bank also specializes in other financial services like replacing expired debit cards and also assistance on how to fill out a money order.

  1. TD Bank

    Can You Deposit a Money Order at an ATM?

TD bank is one of the largest banks in the whole of North America with over 1200 branches and 700 ATMs across 16 states. They offer services in checking and savings accounts, mortgages, car loans, credit cards, debit cards with smart chips, wealth management for income-producing assets and also buying and selling stocks.

  1. Wells Fargo

Can You Deposit a Money Order at an ATM?

One of the biggest banks in the United States, Wells Fargo has more than 8,000 branches and 13,000 ATMs. They are a big player both in the consumer and commercial banking markets. Their financial services include getting a cashier’s check, cashing third-party checks, and personal checks.

You can of course try depositing a money order at an ATM provided your bank allows you the service. We tried highlighting some national banks that do help in this case.

Frequently Asked Questions (FAQs)

  • Can you deposit your money order at an ATM?

Yes, you can, all you have to do is check whether your bank allows you that facility.

  • What banks and credit unions allow mobile deposit money orders?

There are many like Alliant Credit union, Citibank, HSBC, KeyBank, TD bank and US bank.

  • Which banks do not allow mobile deposit money orders?

There are some banks which do not allow mobile deposit of money orders like Ally Bank, Bank of America, BB&T Bank, BMO Harris, PNC, and Chartway Federal Credit union.




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