Postal order?

Question

not sure what one is! can u help!

Answer 1

Yep, both are right, but if you are planning to use one from a post office there is a small charge/fee for it.  So if you want the postal order for £10, it will cost you more than £10, not much more, but don't just go the PO with your £10 note and no other cash.

It's easy to do, just be aware of this though.  i do it lots as I have no cheque book/credit card

Answer 2

you can buy a postal order from the post office

they are like a cheque but are cleared funds in other words they cant bounce

they can be crossed or uncrossed  like a cheque

the payees name can be put on the order or left blank

they cost a small amount but are worth it

they can be for any amount

Answer 3

Its like a check or money order that you get in the US but you buy it for whatever amount you need from the Post Office in the UK.

Answer 4

it is a cheque from the post office, paid for by you, to send to someone to cash. they are cleared immediately, not like cheques in your bank

Answer 5

You buy them from the post office, just ask for the amount you want, but you will have to pay a small fee on top. Most post offices will make the postal order out to the person you want to pay....It's a bit like a cheque, the person that receives it can take it into a post office and exchange it for cash.

Answer 6

An uncrossed postal order can be cashed straight away by anyone , so it is not really safe, but a crossed postal order can only be paid into a bank and still has to be cleared like a cheque.

Answer 7

Buy at post office, send to who gets the money, they cash it in at their local p.o. (in UK anyway)

Answer 8

It is a registered cheque that you get from the post office.

Answer 9

It's like a money order.  Go to the Post Office, tell them how much you would like one for (you have to pay a small charge) and then you write the name of the person you want to send it to, so only they can cash it.

Kind of like a cheque for people with no bank account or cheque book, and a lot safer than sending cash.