A postal money order is treated like a personal check, so it can be cashed anywhere a personal check can be cashed, such as at the recipient's bank or a convenience store. The difference is that a money order does not carry the risk of bouncing, since the money is paid to the post office at the time of purchase.Know More
A signature is required on the back of a money order to cash it, just as it is required on the back of a check. The process for cashing a check and the process for cashing a money order are very similar.
Banks typically cash money orders for free for people who have an account at the bank. If the recipient does not have a bank account, many convenience stores, grocery stores and discount stores, such as Walmart, offer check-cashing services. These check-cashing services do carry a fee, as that is how the company makes money.
Showing a valid, government-issued photo ID is required to cash a money order. Some places may also require a picture or fingerprint, depending on the specific check-cashing policies of the bank or store.
While it is possible to send cash through the mail, the United States Postal Service discourages this practice. If a letter or package containing money is lost, damaged or stolen, neither the sender nor the recipient have many resources to help them recover what was lost.Full Answer >
It is not possible to stop payment on a postal money order. However, some money orders can be replaced if they are lost, stolen or damaged.Full Answer >
United States postal money orders are a financial instrument issued by the post office.Â They are similar to a check in that the money order is made out to a specific person or party for a specific amount of money.Full Answer >
Two examples of postal zip codes in the Philippines are 2821 for Lacub in Abra and 1214 for Cembo in Makati. According to the Philippines Zip Code Directory, two groups of zip codes exist in the Philippines: provincial zip codes and metro manila zip codes.Full Answer >