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How to purchase a money order Money orders can be purchased with cash or a debit card at banks and credit unions, check-cashing businesses, the U.S. Postal Service, many grocery stores and some ...
Money orders are considered less secure than cashier's checks and are meant for smaller purchases. Data is accurate as of April 9, 2024, and is subject to change.
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 ...
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.
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 ...
The cost of a money order includes the actual amount of the money order plus a transaction fee. This fee varies depending on where you purchase the money order. Here are some examples of what a ...
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.
This company offers money orders for a fee of just $0.65 each; this could vary by location, though. You can purchase money orders with your debit card as opposed to cash and incur no additional ...