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To determine whether a USPS money order you have received is real, call the money order verification system at 866-459-7822. To report money order fraud, contact the U.S. Postal Inspection Service ...
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.
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 big-box stores.
Used postal orders are seldom seen because most were destroyed when they were redeemed or cashed at the post office or bank In Britain, the first postal orders went on sale on 1 January 1881. [ 1 ] It is a direct descendant of the money order , which had been established by a private company in 1792.
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 ...
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 USPS has some suggestions that could lower your chances of a check being stolen. First, it says you should deposit all outgoing mail in blue collection boxes before the last pickup of the day.
Certified check; Cashier's check (known as a bank draft in Canada) Money order; Manager's check; Wire transfer; Specifically, personal checks are not allowed, as the account may not have sufficient funds, and credit cards are not allowed, as the transaction may later be disputed or reversed. Checks sent by a bank bill payment service can fall ...