Can anybody explain what a money order is?

Question

explain what it is please, and please not a link unless it helps cause i already looked at wikipedia so...

oh, and explain in 'dummy' terms please =)

Answer 1

A money order is piece of paper that has a space next to each denomintion of US bill that you take to the bank to get your money.
Ex. I would like 2-$1
3-$5
8-$10
4-$20
Then you order your money! And then thats it.

Answer 2

Basically a check without a checking account. Say you want to pay a bill by mail and don't have an account-you aren't going to send cash. You buy a money order-there is a fee, usually 50-75 cents-make it payable to the electric company or whoever and send in as payment.

Answer 3

a money order is like a check that you buy and use once. Many places sell them; usually stores, and banks. It costs a few dollars to buy a money order and you pay the amount you want on order, which can then be cashed, just like a check!

Answer 4

It's a way to exchange cash money into a "check" when you aren't using a personal check or checking account. A convenience store or bank can convert your cash into one. It's considered certified funds. You can usually purchase them for up to $1,000 each. They are generally a less expensive fee to do than certified or cashier's check.