Does Speedway Do Money Orders?
BL
Last updated 04/17/2024 by
Benjamin LockeEdited by
Summary:
Speedway, in partnership with MoneyGram, provides selective money order services across some of its locations. The Speedway and Speedy Rewards app enhances customer experience through a variety of rewards, including fuel discounts and merchandise perks.
Speedway is a leading convenience store chain, celebrated for its vast presence across the United States. Known for its quick service and wide selection, Speedway caters to customers seeking convenience on the go. From early mornings to late nights, Speedway stands as a reliable destination for gas, a variety of snacks, beverages, and essential items.
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Does Speedway do money orders?
Speedway partners with MoneyGram to provide money order services at some of its locations. However, not all Speedway stores offer this service, so it’s essential to check with your local store for availability. Furthermore, Speedway sells money orders at some locations but doesn’t cash them.
Money orders at Speedway
Availability and limits
Speedway partners with MoneyGram to provide money order services at some of its locations. However, not all Speedway stores offer this service, so it’s essential to check with your local store for availability. For those locations that do sell money orders, customers can purchase up to $500 per money order. In a single day, a customer can acquire money orders totaling up to $1,900.
Costs and fees
The fee for each money order transaction at Speedway is $1.59. This fee is relatively competitive, making Speedway a viable option for purchasing money orders. The affordability and convenience of obtaining a money order at Speedway make it an attractive choice for many customers.
Service hours
One of the advantages of choosing Speedway for money order purchases is the convenience of its service hours. Many Speedway locations that offer money orders do so 24 hours a day, seven days a week. This round-the-clock availability ensures that customers can access money order services at any time, making it a flexible option for those with busy schedules or emergency needs.
How to Fill Out a Money Order at Speeedway, Step-by-Step
Completing a money order correctly is crucial for the security and proper processing of your payment. Here’s a detailed guide to do it right:
- Request a money order in the exact amount you need. Ensure you have the total amount, including the processing fee, ready. Remember, there might be a cap on the amount for a single money order.
- Fill in the recipient’s name. Do this immediately to prevent any misuse if the money order gets lost. Write legibly to avoid any processing delays.
- Write your address in the purchaser’s section. Include your current address and full legal name if there’s a space for it.
- Fill in the account number or order number in the memo field. This helps the recipient apply your payment correctly. Use the designated spot or include it on the face of the money order.
- Sign the front of the money order. Your signature authorizes the payment. Do not sign the back; that area is for the payee.
- Keep your receipt in a safe place. It’s vital for tracking the money order and serves as proof of purchase if you need a refund or wish to stop the payment.
MoneyGram improves partnership with Speedway’s
MoneyGram and Speedway have had a long partnership spanning decades. Speedway LLC has actively broadened its partnership with the global money transfer giant, MoneyGram. In 2012, they announced a new agreement to provide With this enhanced agreement, Speedway is set to introduce the MoneyGram Xpress service across its 1,460 stores throughout the Midwest, while also continuing the sale of MoneyGram money orders.
The MoneyGram xpress service enables customers to effortlessly purchase a prepaid money transfer package directly in-store, available in specific, predetermined dollar amounts. Customers can then redeem these packages either online to finalize their money transfer. Furthermore, recipients of money transfers initiated through the MoneyGram xpress service have the convenience of collecting their funds at any MoneyGram agent location equipped to offer money transfer services, as confirmed by the company.
Pro Tip
“Money orders represent a secure payment method for individuals preferring not to use checks or electronic payments. They require upfront payment, which means the funds are guaranteed to the recipient. Notably, they contain several security features, such as watermarks and thermal ink, making them hard to forge. For businesses, partnering with mobile apps or digital platforms to offer money order services can significantly enhance customer service. Platforms like PayNearMe and MoneyGram allow businesses to provide an expanded suite of payment options. This not only caters to customers’ preferences but also positions businesses as a one-stop financial service point. When evaluating where to purchase money orders, individuals should consider factors such as fees, location convenience, and the maximum amount per money order. Compared to banks, convenience stores like Speedway often offer more flexible hours and lower fees, making them an attractive option for quick, secure transactions.” – Andy Chang, founder of The Credit Review
The Speedway-Speedy Rewards Program
The official Speedway and Speedy Rewards app offers a rewarding way for members to earn points on purchases they’re already making, including fuel and merchandise. By using the app, members can easily redeem their accumulated points for coupons towards their favorite items or enjoy discounts on gas through fuel rewards. The app introduces Monthly Perks, allowing users to choose between a Merchandise Perk or Fuel Perk each month, which is automatically applied after a qualifying purchase. Additionally, exclusive app-only Speedy Deals offer double points at checkout and access to special coupons for discounts on a wide range of products.
| Perk Category | Details |
|---|---|
| Monthly Perks | Choose between a Merchandise Perk or Fuel Perk each month. Reward automatically applied after a qualifying purchase. New Perks available each month. |
| App Only Speedy Deals | Earn double points by scanning the Speedway app at checkout. Access to app-exclusive coupons for discounts on products like pizza, beer, wine, coffee, etc. |
| Gas Savings and Fuel Rewards | Use Gas Price Search to find low gas prices nearby. Select a Fuel Perk monthly to increase gas rewards. Earn additional gas rewards through grocery partners like Remke, Martin’s, Family Fare, Buehler’s, etc. |
| Speedy Rewards Clubs | Coffee, Fountain, Speedy Freeze, tea, or specialty drink: Buy 6, get a reward. Car Wash Club: Buy 6 car washes, get the 7th free. Exclusive coupons and savings. |
| Store Locator | Find the nearest Speedway store or gas station. Filter by amenities like car wash, ATM, and diesel gas. |
| Bonus Points | Earn 10 points per gallon of gas and 20 points per dollar spent on merchandise. Monthly Bonus Points offers on select items. |
| Speedy Cash on the Go | Buy and reload Speedy Cash Gift Cards via the mobile app. Gift cards can be used for all Speedway purchases, excluding restricted items. |
| Points Redemption | Redeem points for free items, coupons, or pay for select items at the register. Enter monthly Speedy Rewards Sweepstakes. Redeem points for merchandise. |
What’s in store for money orders going forward?
The future of money orders is evolving rapidly, influenced by technological advancements and changing consumer preferences. While specific articles focusing solely on the future of money orders are scarce, insights can be drawn from broader trends in the payments industry and digital financial services. Here’s a synthesis of what the future might hold for money orders:
Digital Transformation: The rise of digital payment systems is reshaping how people transfer money. Traditional money orders might see a decline in usage as digital and mobile payment solutions become more prevalent. Services like PayPal, Venmo, and other fintech innovations offer instant, secure, and convenient ways to send money, potentially diminishing the need for physical money orders.
Integration with Digital Assets: With the increasing popularity of digital currencies and assets, future money order services might integrate with blockchain technology to offer secure, transparent, and efficient money transfers. This could involve digital money orders that are easily trackable, less susceptible to fraud, and faster to process than traditional paper-based orders.
Central Bank Digital Currencies (CBDCs): The exploration and potential adoption of CBDCs by various countries could further impact the future of money orders. As central banks consider issuing digital currencies, the need for traditional money orders might decrease, replaced by digital transactions that are directly backed and issued by central banks.
Global Remittance Trends: Money orders have traditionally been a popular method for international remittances. However, the future might see a shift towards digital remittance solutions that offer lower fees, faster transaction times, and enhanced accessibility through mobile devices. Innovations in cross-border payments could provide more efficient alternatives to money orders for international transfers.
Regulatory and Security Developments: As the financial landscape evolves, so too will regulations and security measures surrounding money transfers. Future money order services, whether digital or traditional, will likely incorporate advanced security features to combat fraud and ensure compliance with global financial regulations. This could include biometric verification, encryption, and real-time monitoring of transactions.
Key takeaways
- Speedway partners with MoneyGram to offer money order services at select locations, allowing purchases up to $500 per money order with a daily limit of $1,900.
- The Speedway and Speedy Rewards app provides a comprehensive rewards program, offering perks such as monthly merchandise or fuel perks, double points on app scans at checkout, and exclusive coupons.
- MoneyGram’s partnership with Speedway introduces the MoneyGram Xpress service, enabling customers to purchase prepaid money transfer packages in-store for redemption online or by phone.
- The future of money orders is likely to be influenced by digital transformation, integration with digital assets, the potential adoption of Central Bank Digital Currencies (CBDCs), and advancements in global remittance trends and regulatory standards.
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