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Money Orders
Moneyorders are one of the
retail options when transferring money. Money orders are
primarily used to pay bills and pay people and are mostly used
by people that do not have access to a checking account. They
can be used to transfer money internationally but you would have
to make sure the receiving bank accepts them. This can vary
greatly depending on the bank and type of money order.
Western Union Money Orders
Western Union's money orders
can be bought at any retail outlet that carries their services -
look for the black & yellow signs. Some of the outlets will cash
Western Union money orders but some will not. For the recipients
using them to deposit into a non US bank; check to make sure
your bank accepts them.
USPS Money Orders
The USPS (United States Postal
Service) has a money order service for people looking to
transfer money internationally as they have agreements set up
with participating countries. This service is available in 30
countries so far with more being added. The dollar limit on each
money order is $700. The nice thing about USPS money orders is
that the recipient can cash them at postal locations in the
receiving country. The fee per money order is $3.85 and they can
be sent using Global Priority or Global Express mail. Some of the popular
destinations for USPS money orders are: Canada, Dominican
Republic, & Mexico.
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