Money orders were a popular mode of payment in the 19th and 20th centuries and are no longer a common form of payment.
With digital banking and fintech revolutionizing banking experiences, money orders are not a popular choice among the masses.
However, the importance of money orders is still there, as no other form of payment has duplicated the pattern of money orders.
Although not common, money orders are still accepted at different locations and businesses. Rite Aid is also one of the companies that accepts money orders as a form of payment.
In today’s article, we are going to talk about presenting money orders at Rite Aid stores and locations.
We will also discuss how money orders and checks differ. We will guide you through the complete process of buying or sending money orders through Rite Aid.
So let’s get into it.
Executive Summary:
- Money orders are not a common form of payment in the digital banking era, but they still hold importance for certain transactions.
- Rite Aid, one of America’s largest drugstore chains, accepts money orders as a form of payment through Western Union.
- Rite Aid does not accept money orders for store bill payments.
- To purchase a money order from Rite Aid, customers can visit any store location during regular hours and request one from the cashier or clerk.
- The cost of money orders at Rite Aid starts at $0.99 and increases based on the amount and quantity of money orders purchased.
- There is no minimum value requirement for money orders, but the maximum limit per money order at Rite Aid is $500.
- Customers can purchase multiple money orders totaling up to $2,999 in a single day.
- Tracking money order transactions can be challenging, but Rite Aid provides assistance through customer support or an online form from Western Union for a fee.
- Rite Aid does not offer money order cashing services; customers must visit the issuer’s store location, local post office, or authorized retailers for cashing money orders.
- Rite Aid’s money order services provide a convenient alternative to cash payments, and the process of purchasing money orders is straightforward at any Rite Aid store location.
What Is Rite Aid?
Rite Aid Corporation, aka Rite Aid, is one of the largest drugstore chains in America. The corporation has its headquarters in Philadelphia, Pennsylvania, and was founded in September 1962.
The founder of the company is Alex Grass, and the company was initially called Thrift D Discount Center.
The operations of Thirft D Discount Center started in Scranton, Pennsylvania, and became a public company by registering itself as Rite Aid in 1968.
Walgreens announced to take over Rite Aid in 2015, but a later announcement was made to acquire half of Rite Aid’s stores than the overall corporation.
In 2017, the deal was actualized, and Walgreens purchased 1932 stores. As of 2022, Rite Aid is operating at 2288 locations in the United States.
If we talk a little about the business of Rite Aid, the company ranks 148 among the Fortune 500 list of United States companies by total revenues.
The corporation has reputed itself as a retail drug store management and ownership company. Rite Aid is also venturing into retail pharmacy segments like generic and branded prescription drugs, health and beauty aids, walk-in retail clinics, and personal care products.
Money Orders Vs. Checks
As we have mentioned, Rite Aid operates in the retail segment of pharmaceuticals, and they often come in contact with customers bringing money orders, cash checks, or credit cards for making payments.
Credit cards and debit cards are popular for customers, but money orders and checks might not be as common as cards. And sometimes, people come to buy money orders from the Rite Aid store locations.
Therefore, we have to make it clear why money orders are used for making payments and how they differ from checks.
Money orders are often used as an alternative to cash as they do not bounce like checks. The money orders are purchased with cash or card; you can use them to clear your payments.
Yet another difference between money orders and checks is that you need a bank account to write checks, but a bank account is not necessary for buying money orders.
Does Rite Aid Do Money Orders?
So let’s come to the real question: does rite aid do money orders?
The answer is Yes.
Rite Aid is authorized to sell money orders to customers through Western Union. Any customer can visit the Rite Aid stores during regular hours and request money orders from Western Union.
However, if you wonder if Rite Aid also accepts money orders for payment, the answer is No. You cannot clear your store bills with the money orders at Rite Aid.
Where To Purchase Rite Aid Money Orders?
Now you know you can purchase Rite Aid money orders, but the real question is where you can purchase money orders. So here is the answer.
There are no special requirements to purchase money orders from Rite Aid. You can visit the store locations of Rite Aid during normal hours and go to the cashier or clerk of the store.
Tell him that you need a money order, and also tell him about the face value of the money order.
Now you will need to fulfil the requirements to get your money order from Rite Aid. We will further talk about how you can purchase the money order in the next section of the article.
How To Purchase Money Orders From Rite Aid?
As mentioned earlier, you would need to visit the register at Rite Aid to request the money order. Once you have told him the money order requirements, he will provide you with a pen or paper to write down the required information.
The cashier even helps you to fill out the information, and then you will need to provide the cash amount for the value of the money order you’re purchasing from Rite Aid. Get your money order, and you’re good to go.
Fee To Buy Money Order From Rite Aid
Once you know how to purchase money orders from Rite Aid, you might want to know the cost of money orders from Rite Aid. So, here is the answer to this question.
The first thing you need to know about Rite Aid money orders is that the stores only accept cash for selling money orders.
So, you will need to carry the additional charges(the cost of money orders) in cash when visiting Rite Aid to purchase money orders.
The initial cost of the money order at Rite Aid is $0.99. However, it can go up to $100 depending on the number and amount of money orders you’re planning to purchase.
The cost of money orders up to $1,000 remains at $0.99, and it increases as the amount of money orders increases.
For instance, if you have to purchase a money order of amount $500, the cost of money orders at Rite Aid is $500.99.
Similarly, if you want to purchase money orders worth $1,000, the cost of money orders will be $1,000.99.
Wondering how?
We will discuss this in the next sections of the article.
Money Order Limits
The limits of money orders might vary depending on the store to store. Therefore, it’s important to know what minimum or maximum limit of a money order at Rite Aid.
So, there is not as such minimum value of the money order when you’re planning to purchase at Rite Aid.
However, an upper limit applies to all money orders sold by Rite Aid. You can not purchase a single money order worth more than $500 at Rite Aid.
When you want to purchase money orders worth more than $500, you will need to purchase multiple money orders of $500 or less.
However, there is also a daily limit to the multiple money orders you can purchase at Rite Aid.
Any person can not purchase money orders worth more than $2,999 in a single day. Therefore, you must keep these limits in your mind when visiting Rite Aid to purchase money orders.
How To Track Your Money Order From Rite Aid?
Since you know that the money orders are not issued against a bank account, tracking the money orders might be a difficult thing to do.
Finding the transaction history is also challenging, as money orders are often bought with cash.
So how can you track money order transactions when you’ve purchased them from Rite Aid?
Rite Aid assists their customers in requesting transaction history by calling 1-800-999-9660. Alternatively, you can also fill out the online form of Western Union for an administrative fee of up to $15.
The online form link of Western Union is here.
Can You Cash Money Orders At Rite Aid?
No, if you are bringing a money order at Rite Aid and expect their staff to cash it for you, the service is not available at any locations of Rite Aid.
The money orders issued by any authorized issuer can’t be cashed at Rite Aid. You must visit the store location of the issuer or opt for the local post office or authorized retailers like Walmart to cash your money orders.
What are the advantages for Money Order From Rite Aid?
Money orders from Rite Aid offer several advantages that make them a preferred choice for sending or receiving money.
Here are the key advantages:
Convenient: Rite Aid provides the convenience of purchasing money orders at most stores.
This accessibility makes it easy for customers to utilize money orders as a reliable payment method.
Inexpensive: Purchasing a money order from Rite Aid is relatively affordable compared to other money transfer options like wire transfers.
The typical fee for a money order from Rite Aid is around $1.50, making it a cost-effective solution for sending money.
Safe: Money orders are a secure way to send money. Unlike personal checks, money orders are fully funded, eliminating the risk of bouncing.
This provides peace of mind and ensures the recipient receives the intended funds.
Private: Money orders purchased from Rite Aid do not require the inclusion of personal bank accounts or routing numbers.
This protects your sensitive information and adds more privacy to your financial transactions.
Accepted widely: Money orders are widely accepted by various businesses and organizations.
This makes them versatile and convenient for paying bills, rent, or other expenses. With Rite Aid money orders, you can confidently handle your financial obligations.
Overall, Rite Aid’s money orders combine convenience, affordability, safety, privacy, and widespread acceptance, making them a beneficial choice for individuals seeking a reliable and secure method of sending or receiving money.
What are the Disadvantages for Money Order From Rite Aid?
While money orders from Rite Aid offer several advantages, there are also a few disadvantages.
Here are the disadvantages of purchasing money orders from Rite Aid:
- Purchase limits: Rite Aid imposes a maximum limit of $1,000 for a single money order. This may restrict larger transactions or individuals seeking to send larger sums of money.
- Fees: Rite Aid charges a fee, typically around $1.50, for purchasing a money order. While the fee is relatively low, it adds to the cost of using money orders as a payment method.
- Risk of loss or theft: Money orders, like any other form of payment, can be lost or stolen. It is essential to keep them secure and handle them carefully to avoid financial loss.
- Difficulty in cashing: Some businesses or organizations may refuse to cash money orders or charge additional fees for cashing them. This can make it challenging to convert money orders into cash, potentially causing inconvenience for the recipient.
- Potential for scams: Money orders are occasionally used in fraudulent activities and scams. Being cautious and aware of the risks involved when sending or receiving money orders, especially from unfamiliar sources, is crucial.
Considering these disadvantages, assessing your specific needs and circumstances is important before opting for money orders from Rite Aid or any other provider.
FAQs
How do I fill out a money order from Rite Aid?
You will need to visit the register at Rite Aid and request the relevant person to purchase the money order.
When he gives you the money order for filling out, you will need to enter the following credentials on Western Union money orders:
Payee name; the person in whose name you’re purchasing a money order
Purchaser Information: you’re purchasing the money order, and this section will include your credentials
Signature on front of money order
Do you need a name for a money order?
Yes. Any money order needs a name for whom the order to pay is issued via money order. It can be a person or business that is the payee of the money order.
Do I need a bank account for a money order?
No, you don’t need a bank account to purchase a money order for any business entity or individual.
