If you choose to use a money order as payment in lieu of a check, you should know of a major difference between the two, which is the maximum amount you can write it out for. A standard check can be written for whatever sum you desire, so long as you have the funds in your account to cover it. However, a single money order cannot exceed $1,000. If you need more than that amount, then you have to purchase multiple money orders that equal the total you’re looking for.
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Beyond this, money orders and checks are quite similar in a number of ways, including the fields you need to fill out. When you purchase a money order from USPS or a financial institution, you need to first tell them the exact amount you require the money order to be for and then pay (in cash or with a debit card) that amount upfront, plus any additional fees.
As for filling out a money order, the form has a variety of blank fields you must fill in with a blue or black ink pen. The “Pay to the Order of” field will include the name and address of where the money is going. The “Sender” information will be your name and address. There will also be a space for a “Memo” (like a personal check) where you can include what the payment is for, i.e., an invoice number, rent, or some other purpose. Finally, your signature will be required to make the money order complete.
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