A money order is similar to a personal check, except that the money is “guaranteed” since you have to buy it. In other words, a money order can’t bounce like a check.

Learn the differences between cashier's checks and money orders, and discover which payment method suits your specific needs. Compare features, benefits, and use cases to make the right decision.

How to Fill Out a Money Order. Like paper checks, money orders require that you include specific information. Money orders have empty spaces, where you’ll fill out these details: Payee name ...

Make sure you double-check the money order before handing it over or mailing it. Step 5: Keep the Receipt Once completed, you can detach the receipt from the money order, and keep it in a safe ...

Unlike personal checks, money orders are pre-paid in full before being issued. Because of this, the recipient of a legitimate money order can rest assured that it won't bounce when they go to cash it.

You can track a USPS money order using the Postal Service’s “Check Money Order Status” tool. You’ll need the following information from the money order: Serial number.

Money orders typically cost less than cashier’s checks. A money order might cost a dollar or two, depending on the issuer, while a cashier’s check could cost $10 or more.

Key Takeaways. Ways to deposit cash into another person's account include electronic and wire transfers, traditional and cashier's checks, and money orders.

Money orders, cashier's checks, or wire transfers are alternatives to certified checks. If you need to give someone a personal check but they need a little more assurance that the check is good, a ...