Are you looking for information on the differences between money order and cashier’s check? If yes, you’ve come to the right place. In this article, we will explain the main differences between these two payment methods, as well as their characteristics and crediting times.
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Circular postal order: what it is and how it works
Bank order is a payment method that allows you to send money safely and quickly.
This type of money order can be purchased at post offices, and can be used to make payments in Italy and abroad. Bank order can be paid at a post office or bank, depending on the user’s preference. In addition, you can also make a circular postal order through your postal booklet.
Postal cashier’s check: what it is and how it works
Postal cashier’s check is another payment method that allows you to send money safely and quickly. This type of check can be purchased at post offices, and can be used to make payments in Italy and abroad. The postal cashier’s cheque can be cashed at a post office or bank, depending on the user’s preferences. In addition, you can also make a postal cashier’s check through your postal booklet.
Differences between money order and cashier’s check
The main difference between money order and cashier’s check concerns the way payments are made. In the case of bank draft, the user must pay the money at a post office or bank, while in the case of a postal cashier’s check, the user must buy the check at a post office and then send it to the recipient. In addition, the bank order can also be made through your postal booklet, while the postal cashier’s check must be purchased at a post office.
Accreditation times
As for the crediting times, the bank order can take a few days to be credited to the recipient’s account, while the postal cashier’s check can take up to 10 working days.
Bank order order: what you need to know
If you decide to use bank order as a payment method, it is important to know that the money order must be signed by the sender and recipient. In addition, it is necessary to keep the receipt of the circular postal order until the payment has been credited to the recipient’s account.
Postal cashier’s cheque: what you need to know
If you decide to use the postal cashier’s check as a payment method, it is important to know that the check must be completed correctly and must be signed by the sender. In addition, you must keep the receipt of the postal cashier’s check until the payment has been cashed.
Bank order and cashier’s check for the purchase of a house
If you are buying a house, you can use both bank order and postal cashier’s check as a payment method. However, it’s important to check with the seller which payment methods they accept.
Tips
If you want to use bank order or postal cashier’s check as a payment method, it is important to know the timing of crediting and collection. In addition, you can check with your bank if there is a maximum limit on the amount of payments made by bank order or postal cashier’s check.
In conclusion, bank order and postal cashier’s cheque are two reliable and secure payment methods. However, it is important to know their differences and characteristics in order to choose the method that best suits your needs.
