2006-11-22 15:51:51 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
yes you can purchase a money order with your debit card it is the same as cash as long as you use debit, The limit set on your card is up to the bank and you can petition to increase it if you like. As a standard most banks start with a dailly limit of $1500
2006-11-22 16:11:18 · answer #1 · answered by p_c_landscape 1 · 6⤊ 2⤋
Yes, you can buy a money order with your debit card. The daily limit will depend on your bank. I know of a bank that doesn't have a daily limit based on purchases made, but does have a daily limit of what can be withdrawn from an ATM. As long as the money is in your account, you should be okay, but you can always call your bank and ask for clarification.
2006-11-22 20:06:17 · answer #2 · answered by Mariposa 7 · 2⤊ 1⤋
I've used my debit card at the US Post Office to purchase money orders before. The daily limit should be whatever your daily limit is for your debit card.
2006-11-22 16:01:23 · answer #3 · answered by Mama Pastafarian 7 · 2⤊ 1⤋
Walmart allows you to use a debit card to purchase money orders
2015-06-26 07:55:49 · answer #4 · answered by Shequila Hargrow 1 · 0⤊ 0⤋
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Ask the store if they will accept a check. You can also call the bank for options, they can offer you money orders or possibly even a certified check - some banks charge a small fee, but sometimes they don't if you have an account. Banks set a spending limit to protect you and themselves from fraudulent purchases.
2016-04-10 02:59:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Purchasing a money order with a debit card is considered a cash transaction and is subject to the same daily limits on your account as ATM transactions. Most debit accounts have a much lower daily limit for ATM (around $300-$500) than for purchases. Also a lot of banks will charge a fee on top of the fees imposed by the company that sold you the money order. Your cheepest and most reliable option is to just go to your bank and have them issue the money order for you.
2006-11-22 17:13:21 · answer #6 · answered by Sandie 6 · 0⤊ 4⤋
Domestic & International Money Orders
A safe and cost-effective way to pay—from any Post Office™.
Money Order Features
Postal Money Orders are…
Always valid—they never expire.
Available in values up to $1,000 each if sending within the United States and $700 each if sending abroad.
Cashable in 29 countries. Which countries?
Can also be cashed or negotiated at your bank and other financial institutions.
May be replaceable if damaged, lost, or stolen. Just hold on to your purchase receipt.
What do money orders cost?
$0.01 to $500.00 .......................$1.20
$500.01 to $1,000.00 ................$1.60
Postal Military Money Orders…..$0.35 (issued by military facilities)
International Money Orders…… $4.50
What do you need to buy one?
Cash, debit card, or traveler's check for payment.
2014-02-10 10:08:33 · answer #7 · answered by Jo. G 1 · 4⤊ 0⤋
I am pretty sure you need cash to get a money order, and as for a limit on debit cards, it's usually $500 a day.
2006-11-22 15:53:45 · answer #8 · answered by Pashta 4 · 1⤊ 4⤋
I purchase Money Orders at the grocery store and I am not sure if there is a maximum.
2006-11-22 15:55:22 · answer #9 · answered by ? 3 · 0⤊ 1⤋
I believe you have to use cash to get a money order and the daily limit usually is listed on the enclosure that comes with the card when it arrives in the mail.
2006-11-22 15:56:06 · answer #10 · answered by alsballoondepot 3 · 0⤊ 3⤋