How Do Money Orders Work?

The payment method is a secure alternative to personal checks and wire transfers.

Money orders offer a safe alternative form of payment to a regular check. Think of it this way: Getting a money order is a little like using a check that has already cleared the bank. For example, if somebody gives you a money order worth $100, it's as good as cash once you deposit it at your bank or take it to a financial institution to exchange it for money.

Chances are, you don't use money orders all that often to pay for services or products; instead, you likely use cash, a credit card or personal check as your primary method of payment. But every once in a while, a scenario will come up in which you may need to use a money order, such as needing to send money internationally or deliver a payment without worrying about putting yourself in jeopardy of fraudulent activity.

If you're looking to brush up on what money orders are – and when it makes sense to use them as a payment method – read on.

Read more...


How Do Money Orders Work?...
How Do Money Orders Work?...
How to Invest in Your Early 20s...
How to Invest in Your Early 20s...
9 Common First-Job Mistakes...
9 Common First-Job Mistakes...
Stressed about your finances? ...
Stressed about your finances? ...
What's the most popular age to take Social Security?...
What's the most popular age to take Social Security?...
When's the Right Time to Invest?...
When's the Right Time to Invest?...
Is a Life Coach Worth the Money?...
Is a Life Coach Worth the Money?...
How to keep on top of your personal finances in a growing economy...
How to keep on top of your personal finances in a growing economy...
4 debt-related words everyone should know...
4 debt-related words everyone should know...
How Investors Should Read a Dividend Cut...
How Investors Should Read a Dividend Cut...
6 Side Jobs to Make Extra Money...
6 Side Jobs to Make Extra Money...
Starting a new business? ...
Starting a new business? ...
10 Ways to Make Money if You've Been Laid Off...
10 Ways to Make Money if You've Been Laid Off...
Losing net neutrality is a loss for small businesses...
Losing net neutrality is a loss for small businesses...
3 tips for starting your business...
3 tips for starting your business...
‚What Is a Good Credit Card APR?...
‚What Is a Good Credit Card APR?...
10 tips for seasonal survival of your small business...
10 tips for seasonal survival of your small business...
3 ways you can reduce your investment risk...
3 ways you can reduce your investment risk...
How to Design a Job You Love...
How to Design a Job You Love...
Need money to get started? We've got you....
Need money to get started? We've got you....
This is the worst investment advice you can get...
This is the worst investment advice you can get...
Money Can Actually Buy Some Happiness...
Money Can Actually Buy Some Happiness...
11 tips for landing your dream job...
11 tips for landing your dream job...
3 ways to build credit without a credit card...
3 ways to build credit without a credit card...
Is Bitcoin a Safe Investment?...
Is Bitcoin a Safe Investment?...
How to sink your chances of venture capital money for your startup...
How to sink your chances of venture capital money for your startup...
Tax cut, bonuses for workers? ...
Tax cut, bonuses for workers? ...
These 4 Documentaries Will Teach You About Money...
These 4 Documentaries Will Teach You About Money...
How Millennials Are Making Money...
How Millennials Are Making Money...
Small businesses use savings to invest, hire...
Small businesses use savings to invest, hire...
9 Great Paying Remote Jobs...
9 Great Paying Remote Jobs...
The best place to start a business?...
The best place to start a business?...
1 in 20 Americans Is a Millionaire...
1 in 20 Americans Is a Millionaire...
You may be paying more than you realize for ATM use...
You may be paying more than you realize for ATM use...
Why more Americans want to be their own bosses...
Why more Americans want to be their own bosses...
How to become a legal nurse consultant...
How to become a legal nurse consultant...