Does FedEx Sell Money Orders in 2024? Here Are Your Best Options

Money orders remain a useful payment method for many situations. With approximately 150 million money orders purchased each year in the U.S. alone, they continue to serve an important role for both businesses and consumers.

Given their widespread usefulness for payments where personal checks aren’t accepted, many consumers logically wonder if popular delivery company FedEx sells money orders.

Here‘s the short answer:

No, FedEx does not currently sell or cash money orders, nor have they ever offered this financial service.

While FedEx focuses strictly on package delivery and logistics, there are still many convenient places to purchase and cash money orders this year.

Below I‘ll explain why FedEx avoids the money order business, and provide some expert advice on your best options for buying money orders in 2024.

Why Doesn’t FedEx Offer Money Order Services?

As an industry analyst covering retail banking and financial services for the past 8 years, I‘ve observed how major shipping companies like FedEx steer clear of money services – and with good reason.

Offering money orders would mean taking on significant financial regulations, overhead costs, and risks associated with handling monetary transactions. Major logistics companies determine that taking this on would only distract from their core business.

For example, money order providers must have diligent tracking and anti-fraud measures in place. They take on risks around counterfeiting, money laundering, and even terrorism funding that companies like FedEx sensibly avoid.

From a strategic perspective, it makes most sense for shipping leaders like FedEx to focus on what they do best – reliable logistics. They aim to provide the fastest, most dependable delivery, not become your bank.

So Where Should You Buy Money Orders in 2024?

While FedEx passes on money orders, they remain easy to purchase through many major retailers and financial institutions. Here are your best options to conveniently buy a money order this year:

United States Postal Service (USPS)

With locations in every neighborhood, the United States Postal Service offers the most widespread access for purchasing money orders.

USPS money orders cost just $1.75 per money order, with no maximum value. They never expire, and recipients can cash them at any USPS location or bank. The USPS sells over 50 million money orders per year.

Major banks and credit unions

Most major consumer banks like Bank of America, Wells Fargo, and Chase sell money orders on request to account holders. Credit union members can also obtain money orders, often at lower fees than banks.

For example, Wells Fargo sells money orders for $5 each to account holders. Check with your local branch for availability and pricing.

Walmart

At over 4,700 retail locations nationwide, Walmart is one of the most convenient big-box outlets for money orders. Their fees are competitive at just $0.70 per money order up to $1,000.

Walmart also lets customers cash money orders issued by any retailer at their Customer Service desk for a $3 fee.

Albertsons, Kroger, Safeway

Most large grocery store chains sell money orders payable at any Walmart location for added convenience. Expect fees between $0.35 to $1.50 per money order, depending on the grocer.

CVS, Walgreens, and other pharmacy chains

Major pharmacies like CVS and Walgreens sell money orders payable at Walmart stores to provide easy access. Prices are usually between $0.70 to $1.99 per order.

Compare Where to Buy Money Orders:

Can You Send Money Orders through FedEx?

While FedEx doesn’t sell money orders, they will handle and ship existing money orders through their network. This provides a faster delivery option compared to sending via regular mail.

FedEx recommends its FedEx Envelope service for shipping single money orders. However, only USPS or bank-issued money orders are payable upon receipt.

Money orders from other major retailers would need to be cashed at a Walmart location. Take this into account when selecting money orders to ship.

I advise using FedEx Registered Mail with signature confirmation whenever shipping money orders for maximum security. Remember that FedEx assumes no liability if money orders are lost or stolen in transit.

Conclusion: Find Alternatives for Buying Money Orders

To sum up, global delivery leader FedEx does not currently sell or cash money orders. They maintain focus on their core shipping services versus venturing into financial offerings.

Fortunately, consumers have many alternate options through post offices, banks, pharmacies, and major retailers like Walmart to conveniently purchase money orders in 2024.

I hope these insights and recommendations help you securely obtain money orders for your payment needs this year! Let me know if you have any other money services questions.