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You’ll also need a form of payment to purchase the money order. Some issuers limit your payment options, too. You likely won’t be able to purchase a money order with a credit card.
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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 ...
A money order is a form of payment that people can use to pay bills or make purchases. Here’s a deeper look at what a money order is and why you might need one. ... You can also purchase a money ...
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.
However, if you purchase more than $3,000 in money orders in a single day, you’ll need to fill out a form and provide a government-issued photo ID. Stay alert for fraud.
Also, a money order or other financial instrument may be signed once upon receipt, then signed again by the same person when presented for payment, as an indication that the bearer is the same person who originally received the item, and not a thief who has stolen the item before it could be carried to the place where it was to be presented. [1]