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An 1883 postal note of Homer Lee Bank Note Co., Philadelphia 7 Sept 1883. Postal notes were the specialized money order successors to the United States Department of the Treasury's postage and fractional currency. They were created so Americans could safely and inexpensively (for a three cent fee) send sums of money under $5 to distant places. [1]
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.
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In 1891, it was absorbed into the American Bank Note Company. The Homer Lee Company grew in the 1880s and 1890s by producing engraved stock and bond certificates, for railroads and mining companies. In 1883, it won the competition to engrave and print the first postal notes for the postal system during the contract's first four-year period. [1]
This removes the need to verify transfers via one-time password or other verification methods, but it varies by bank, and there may be limits on the amount of money you can transfer this way.
You can use bank-to-bank transfers to transfer money between two accounts you own or to send money to another person’s account. Unfortunately, the ACH network only connects U.S. banks.
National Gold Bank Notes were issued by private banks, mostly from California. The concept is similar to that of the National Bank Notes, the difference being that National Gold Bank Notes were redeemable in gold. They were issued from 1870 to 1875 in denominations of $5, $10, $20, $50, $100 and $500.
The United States Notes were dramatically redesigned for the Series of 1869, the so-called Rainbow Notes. The notes were again redesigned for the Series of 1874, 1875 and 1878. The Series of 1878 included, for the first and last time, notes of $5,000 and $10,000 denominations. The final across-the-board redesign of the large-sized notes was the ...