36+ Money Order Check Gif
36+ Money Order Check Gif. Here's a rundown of what you need to know about each, plus the differences between the two. Although money orders and cashier's checks are not as common as they used to be, you will still likely deal with them at one point in your life.
As it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a cheque.
As it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a cheque. A money order can usually be purchased at a check cashing store, post office, grocery store, and many other places, are typically limited to less than $1,000, and the fee is less than a cashier's check. Money orders and cashier's checks are guaranteed funds and can be used in these situations as secure payment options backed by third parties. A money order is essentially a prepaid piece of paper, similar to a check, that you get in exchange for cash.