Money Orders

Money Order

A money order is a type of check intended to provide a safe alternative to sending cash (in the mail). Money orders are typically sold by third parties such as the Postal Service, grocery stores, convenience stores, and financial service companies such as banks.

A money order is purchased for the amount desired, and unlike a personal bank check, they are pre-paid and therefore cannot bounce.

Money orders are generally considered safer for payments from parties unknown to the payee, as opposed to a personal check drawn on the maker’s bank account.

Comments are closed.