Table of Contents
What are postal and money orders used for?
A Postal Order is used for sending money through the mail. A money order is an order for a specific sum of money, usually purchased with cash at a bank or Post Office, that can be used to make payments.
What is an international money order?
Like regular money orders, an international money order allows you to prepay an amount to use as a secure form of payment. An international money order is unique in that you can utilize it while traveling abroad. Thus, instead of using a check, credit card or cash, you can pay for an item with a money order.
What is the difference between a postal money order and a regular money order?
A postal order is purchased directly from a national postal system, such as the US Postal Service or the Post Office in the United Kingdom. By contrast, a money order is produced by an independent financial service provider and may be purchased at any number of retail outlets, including supermarkets or drugstores.
What are the advantages of a money order?
Like a check, money orders are written directly to individuals or companies by name, requiring endorsement and identification to cash them. This makes money orders much more secure than cash, protecting the funds in case of loss or theft.
What is the importance of money order?
Electronic Money Order The advantage of sending money to someone through money order is that the money is delivered at the house or his place of stay. Buy a money order form at the counter of the post office. A remitter is the person who send money order.
Does the post office do money orders?
When sending money by mail, use money orders as a safe alternative to cash and personal checks. You can buy or cash postal money orders at any Post Office™ location. …
Why do money orders exist?
Money orders let you send and receive large amounts of money safely, without stupid bank fees. And most important, they help guard your personal information. Money orders will include your name and address, but unlike a personal or certified check, they won’t include your bank account or routing numbers.
Is a postal money order good?
When sending money by mail, use money orders as a safe alternative to cash and personal checks. U.S. Postal Service® money orders are affordable, widely accepted, and never expire. Your money order receipt will help you track your payment and show proof of value in case the money order gets lost, stolen, or damaged.
How can you tell if a postal money order is real?
Hold the money order up to the light and the thread should appear continuous. The capital letters USPS are repeated frontwards and backwards throughout the thread. If this thread is missing or does not contain the letters, the money order is not authentic.
Can Western Union money orders be used internationally?
Can I send money overseas with a Western Union money order? Western Union is one of the most common ways people send money overseas. You can send money to Western Union agents in more than 200 countries and territories,¹ although they still have restrictions on which banks they may work with in specific countries.
How much does a postal money order cost?
Money Order Fees
| Dollar Amount | Fee |
|---|---|
| $0.01 to $500.00 | $1.45 |
| $500.01 to $1,000.00 | $1.95 |
| Postal Military Money Orders (issued by military facilities) | $0.50 |