Can you cash a Canadian money order in America?

Answer by  mediajunkie (592)

Most American financial institutions will cash Canadian money orders but it is not instant. It will take several weeks as they have to send the money order to a clearing house. The fees could be between $20-50 depending on the institution. Almost all Canadian banks as well as CanadaPost do issue U.S. currency money orders for only a small fee.

Answer by  CharlesTousignant (102)

You may find it difficult to cash a Canadian money order. If you have a bank account you'll be able to cash the check as long as you have the equal amount of money to back the money order. You can also cash a money order at the RBC Centura Bank, which is a branch of the Canadian Royal Bank.

Answer by  Att4372 (1704)

You need to go to a bank that buys and sells foreign currency. They will cash your Canadian money order, convert the proceeds into US, and charge you a commission plus transaction fee. Typical charge is 10%. Travelex is a money exchange company found at many airports. Chase Bank also makes a market in foreign money.