Postal Money Order versus Bank Money Order ???



Crazy question, but is there a difference between a US Postal Money Order and any other Money Order drafted from a US Bank account??? I notice some guys here very specifically note that they want a "US POSTAL MONEY ORDER ONLY!!". I thought all money orders were guaranteed funds??

R.
red2

Showing 1 response by jax2

As Maxcast discovered with his bank, my bank also offers a stop-payment on both certified checks and money orders with the burden of proof on the purchaser for the (legitimate) reason for stopping the payment. USPS offers no such service. Also, contrary to what has been said here, USPS does offer an International MO which can be purchased in US $ or the applicable currency at a current exchange rate. Cashiers checks and MO can be faked. I've not heard of a USPS money order ever being faked, though I'm sure it is possible...just not very likely. IMO, a USPS MO is the closest to getting cash in the mail, and the most secure form of payment. It is inexpensive and can be purchased in amounts up to $1000 using a bank debit card at any post office.

Marco