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For example, Wells Fargo charges $5 per money order, which is significantly higher than the average fee of around $2. On the other hand, Regions Bank offers money orders for $2.
You may pay a fee, typically around $5, but you should be able to walk into a local bank or credit union branch and request a money order. You should not need to have an account at the bank or ...
You can buy post office money orders for up to $1,000 each. You’ll pay a $2 processing fee for money orders up to $500. The charge increases to $2.90 for money orders over $500. 2. Convenience ...
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.
You can get a money order from many places, including stores dedicated to financial services, your bank or credit union, grocery stores and the post office. But they’re generally only for ...
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.
Rather than being cashable at only one named post office, it decided that newly issued Postal Notes could be cashable at any money order office – the system's larger and busier offices. To comply with the new law, "Any Money Order Office" was rubber-stamped or hand written in place of a specific paying city on the Type II forms.
The requirements to fill out a money order vary by institution, whether its Western Union or the U.S. Postal Service (USPS). Each institution’s money order may differ slightly in appearance as well.