The U.S. Postal Service introduced money orders in 1865 to protect cash in the mailing system. Today, money orders have evolved, but they still accomplish the same goal.
Paying for Items with a Money Order
Money orders are readily available. You can acquire one at:
A credit union
A payday loan store
A U.S. Post Office
On a typical money order, you’ll need to provide:
The recipient’s name
When you’re done, separate the money order from the receipt, and put the receipt in a secure place. You can track or cancel the money order with the receipt if something goes wrong.
How Do Money Orders Work From the Recipient’s Perspective?
You can cash a money order like a check at a grocery store if you sign it and present a form of identity. You should never sign the back of a money order beforehand. According to federal laws, you must sign in at the counter in front of a cashier.
Money Orders Near Me – Why They’re Worth It
A money order is a smart investment because
It’s safer than a check
Most sellers will require it
It’s easy to trace
You can buy it without a bank account
A recipient can cash it overseas
How to Find Money Orders Near Me
If you need a money order for yourself or a business, contact the team at West Suburban Currency Exchange, Inc.