What is a money order?
A money order is a like a check, except you buy it at a bank, savings and loan, money-order company, or the U.S. Post Office. You don t need an account to buy a money order. Since you pay for the money order before you send it, the payee doesn t have to worry about it bouncing like an NSF check, and it never expires. When you purchase a money order, you pay a small fee; for example, at the U.S. Post Office, a domestic money order for $500 or less costs 90 cents. Check here for more on Postal Service money orders.
