The name of the recipient and the name of a financial institution that issued the money order usually appears on the document, making it difficult to steal a money order. Transfer money to over 120 countries including India, the Philippines, China and the United States. You pay the amount on the money order and a fee for the service. Further, the sum of a money order is paid in advance, so it won’t bounce as a personal check might. Money orders are available in several places, including the U.S. If the money order has been cashed you may not be able to cancel it. Let’s say you need to send $1,000 to family in Mexico and want to know if sending an international money order is your best choice. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Western Union ® money orders offer a reliable, convenient alternative to cash or a check. With the RBC International Money Transfer service you can send money to almost any country in the world, including the U.S 1 , for just $6 for transfers of $1000 or less or $10 fee for transfers over $1000 2 . Finder is committed to editorial independence. How to buy Aeva (AEVA) stock from Canada when it goes public, How to buy Newegg (N) stock in Canada when it goes public, How to buy Affirm (AFRM) stock from Canada, How to find the best community bank lender for your small business, How to buy United Wholesale Mortgage (UWMC) stock in Canada when it goes public, How to buy AppHarvest stock in Canada when it goes public, How to Buy Triller Stock in Canada When It Goes Public, If you cash it in a foreign currency, you probably won’t get a good exchange rate, Cancellation and refunds can be expensive and take upwards of 30 days, Not globally accepted — double check the country you’re sending to, Has to be physically delivered before it can be cashed, Low sending limits — typically $1,000 or less per money order. 6. International Paper Money Order Service Audit Report, USPS Office of the Inspector General; https://www.uspsoig.gov/sites/default/files/document-library-files/2016/FT-AR-16-007.pdf There are numerous places to buy money orders, including grocery stores, post offices, and banks, but online money orders have never gained traction. Because your recipient may have to pay fees to cash the money order, consider sending more than needed to help cover fees and exchange rates. A cashier’s check is a type of official check that banks issue and sign. Visit a post office for more information. If you think you’ve been given a fake money order, call the Money Order Verification System at 1-866-459-7822. International money orders cannot be more than $700 ($500 for El Salvador or Guyana). One of the biggest downsides to international money orders is that they tend to have pretty low maximum sending amounts. What currencies can I transfer payments in? Postal Inspection Service at 1-877-876-2455. The amount of a legitimate USPS money order cannot exceed $1,000 for domestic money orders or $700 for most international money orders. Maximum amount – $999.99 ; Fee per money order – $7.50 ; Cash and debit card are the only acceptable methods of payment (you can’t pay with a credit card). It must be purchased in person and paid for at the time of receipt. Check with your bank or sending institution. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. A Western Union money order is a lot like a check, except that you pay for it upfront. All rights reserved. Have the transfer agent verify you’ve filled it out correctly. 2. All users of our online services are subject to our Privacy Statement and agree to be bound by the Terms of Service. A certificate entitling the payee (and sometimes simply the holder) to the stated amount of cash immediately upon receipt by the appropriate organization. While we receive compensation when you click links to partners, they do not influence our content. Collect the vocabulary that you want to remember while using the dictionary. The postal money orders in Canada can be purchased in Canadian Dollars, US dollars and British Pounds. Money orders can be an inconvenient way to pay, but they are necessary in certain transactions. "How to Cash Money Orders in a Business Name", StudioD; http://smallbusiness.chron.com/cash-money-orders-business-name-73173.html How can I copy translations to the vocabulary trainer? Send Money to Almost Any Country in the World. If you want to buy some CAD, you can even do it on the same day for small amounts! A maximum limit for wire transfers could be as high as $50,000 per day for individuals or $200,000 per day for businesses.9. 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