Calling the issuing bank or money order provider should become standard protocol to verify the validity of the draft. Some scammers "accidentally" provide a counterfeit draft for more than is owed.

Alternatives to money orders. Bank draft: A bank draft is a physical form of payment that is guaranteed by the bank. There is no amount limit, ...

Money orders can be purchased and cashed out at the local post office or grocery store. A money order allows people without bank accounts to have access to a more protected form of payment.

Purchase price: Money orders typically cost a few dollars, and some charge higher fees depending on the amount you want to purchase. Cashier’s checks cost more for most bank customers—around ...

How money orders work. To purchase a money order, consumers go to an issuing institution, such as a post office, grocery store or bank and pay the amount they need in the money order plus the ...

Cashier's Check vs. Money Order. Like a personal check, a money order is a paper certificate. However, instead of being backed by your bank account, it’s guaranteed by the company or ...

On the other hand, Regions Bank offers money orders for $2. If your bank or credit union charges above-average fees for money orders, do not worry. There are plenty of other options.

Before snapping photos of her money order with Bank of America's mobile deposit app, April took the time to make sure that money orders were permitted. She lives 200 miles away from the nearest ...

How much money a person needs and whether they have access to a bank account will dictate whether a cashier's check or money order is best. Cashier's checks, which require a bank account, are for ...