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A money order is a secure way to send up to $1,000. You can use this payment method as an alternative to cash, checks or payment apps. Whether you need to pay a bill or send money to a friend,...
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 price of a money order varies based on where you’re buying the money order and the amount of the money order. Generally, larger money orders will cost more. For example, the USPS charges:
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 ...
Continue reading → The post Cashier's Check vs. Money Order appeared first on SmartAsset Blog. There are a few options when you need a secure way of paying for something. Sure, cash is king, but ...
When considering places to buy a money order, compare their fees so you can get the best deal. Use this guide to help you choose the best option near you. ... Use this guide to help you choose the ...