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US money order

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bluebottle | 18:05 Sat 23rd Apr 2005 | Business & Finance
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what is a US money order? if somebody sends me one do I just pay it into my bank, and presumably pay commission. how much???


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Avatar Image Dijana


Dear Bluebottle,

A US money order is a cheque that has been purchased through a post office. Within US this is cleared funds, if you were to bank the cheque in a UK bank, you would be up for a fee (varies bank to bank) and the waiting clearance time (bank does not release the funds from your account till the US says its ok) for the cheque varies up to 30days.

Regards

Dijana

01:15 Tue 11th Oct 2005

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