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Completing a money order requires just a few simple steps. Here’s how. ... On top of the price of the money order, a $1–$10 fee typically applies. Benefits of using a money order.
Find out how to properly fill one out so you can use money orders to send money, make deposits and pay bills. Skip to main content. 24/7 Help. For premium support please call: 800 ...
The U.S. Postal Service charges just $2.35 for a money order up to $500 and $3.40 for money orders from $500.01 to $1,000. Walmart charges a maximum fee of $1. Chase, the largest bank in the U.S ...
A money order is purchased for the amount desired. In this way it is similar to a cashier's check.The main difference is that money orders are usually limited in maximum face value to some specified figure (for example, the United States Postal Service limits domestic postal money orders to US$1,000.00 as of November 2023) while cashier's check are not.
A postal order or postal note is a type of money order usually intended for sending money through the mail. It is purchased at a post office and is payable to the named recipient at another post office. A fee for the service, known as poundage, is paid by the purchaser. In the United States, this is known as a postal money order.
Counterfeit money orders and cashier's checks have been used in certain scams to steal from those who sell their goods online on sites such as eBay and Craigslist. [9] The counterfeit cashier's check scam is a scheme wherein the victim is sent a cashier's check or money order for payment on an item for sale on the Internet. When the money order ...
Here is how the fees work: If your money order is $500.00 or under, the fee is $2.35. If your money order is $500.01 to $1,000, the fee is $3.40. Military money orders of any value have a fee of ...
The advantage of money orders over checks is that it is more trusted since it is always prepaid. They are acceptable for payment of personal or small business's debts and can be purchased for a small fee at many locations such as post office and grocery. [6]