\u00a9 2021 wikiHow, Inc. All rights reserved. It doesn’t need to be the exact physical location. It is simple to send and receive … Usually, it’s best to cash a money order at the location the sender purchased it. Postal orders—often referred to as money orders in the U.S.—allow for a quick transfer of funds from 1 person to another within the United Kingdom. how to v! Postal Service, convenience stores, drug stores, grocery stores, and check-cashing companies. If you really can’t stand to see another ad again, then please consider supporting our work with a contribution to wikiHow. First, the United States Post Office (USPS) only issues domestic money orders in amounts up to $1,000 and international money orders of no more than $700. Some ATMs and mobile banking apps may also allow you to deposit money from a postal order directly into your bank account. There are 12 references cited in this article, which can be found at the bottom of the page. You can generally figure … The postal office retains the money. Money orders are not free. If you’ve been sent a postal order, it means that someone has prepaid that amount of money with cash or a debit charge. Please consider making a contribution to wikiHow today. You may need to present photo identification. Most banks have a cutoff limit set at $1,000 per money order. This image is not<\/b> licensed under the Creative Commons license applied to text content and some other images posted to the wikiHow website. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. You can tell if your order is crossed or not by taking a look at it: crossed postal orders have 2 straight vertical lines running through it near the center. Within the UK, there are 2 types of postal order: crossed and uncrossed. Money orders provide a record of payment. wikiHow is where trusted research and expert knowledge come together. Check online to find out the office’s normal business hours before you visit. Money orders do not include personal information, such as your bank’s routing number and your bank account number. Like checks, you can deposit money orders into a bank account. At a minimum, you will need to know … % of people told us that this article helped them. But if you don't have a bank account or don't want to use your bank account to cash a money order, you can still cash it at a post office or a check-cashing store. If you cash more than $10,000 in money orders at a post office, you'll be required to fill out additional paperwork. Every day at wikiHow, we work hard to give you access to instructions and information that will help you live a better life, whether it's keeping you safer, healthier, or improving your well-being. wikiHow, Inc. is the copyright holder of this image under U.S. and international copyright laws. India Post presents Instant Money Order (iMO), the instant on-line money transfer service that is instant, convenient,reliable and affordable. USPS charges $1.25 for money orders of up to $500 or $1.75 for money orders between $500 and $1,000. Research the location where you will cash your money order. Even if you aren’t an account holder at a bank, you can still cash a money order at most banks. Normally, you will need to pay a couple of dollars in transaction fees or a percentage of the total you’re cashing. Within the UK, postal orders can be sent in any amount up to £250. If the money order is made out to multiple people, they may all have to sign it. Bank of America's money order fee is $5. A check lists your name, routing … Widely used today, money orders are a trusted method of payment preferred over sending personal checks or cash. What Are Money Orders? iMO is an instant web based money transfer service through Post Offices (iMO Centre) in India between two resident individuals in Indian territory. The money order form duly filed in, together with the amount of the money order and commission either in cash or by Cheque be presented at the post office counter. Include your email address to get a message when this question is answered. This image may not be used by other entities without the express written consent of wikiHow, Inc.
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