Can a usps money order be cashed in canada

Can a usps money order be cashed in canada

By: dutchman Date: 03.07.2017

A Money Order is a prepaid negotiable document purchased at a post office for the transmission of funds between a payer and a payee for which a stop payment can only be placed in certain situations including loss, error or theft.

can a usps money order be cashed in canada

Canada Post Money Orders direct service are available to cash in Canada and select destinations. Depending on the destination, Customers receive a copy of the Money Order. Canada Post Money Orders are available in Canadian or US currency:.

Customers may buy additional Money Orders when the desired amount exceeds the maximum amount permitted for each Money Order. A separate fee applies to each Money Order. Customers purchasing a Money Order are required to provide the Sender and Pay To type and Sender and Pay To names at the time of purchase.

can a usps money order be cashed in canada

When purchasing Canadian or US currency Money Orders the customer must pay the applicable fees in Canadian currency. Canada Post will purchase US currency from customers using the Canada Post exchange rate buying rate. A fee is charged to the customer for each Canada Post Money Order issued in addition to the face amount of each Money Order purchased. The only acceptable methods of payment for a Money Order are cash or debit card where available. The Direct Service enables a customer to purchase a postal Money Order and send it directly to the payee in Canada or certain foreign destinations designated by fee codes 0 and 1 where the Money Order is cashed at its face value in the issued currency.

The customer can either mail it to the destination or deliver it himself. A Money Order issued in Canada may be cashed at any post office in Canada without charge.

A Money Order payable to a business or other organization may only be cashed at their financial institution.

Money Orders may be cashed by either the payer sender or by the payee identified in the Pay To section of the Money Order. Customers may be required to provide acceptable identification in relation to Money Order transactions including enquiries.

A customer wishing to determine the status of their Money Order s when the payee claims it was not received or the sender claims to have misplaced or lost the Money Order will need to call the Money Order Verification Service MOVS at The waiting period is necessary to ensure the Money Order clears through the Canadian or International payment process. To obtain information on pricing, see Canada Post Prices.

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Post offices may refer to the Targeting Money Laundering and Terrorist Financing at your post office training binder issued in September The service fee is charged in Canadian currency. Money Orders are subject to various requirements, including federal legislation such as the Proceeds of Crime Money Laundering and Terrorist Financing Act PCMLTFA and associated Regulations. The fee paid for each Money Order is non-refundable. Arial, Verdana, Helvetica, sans-serif;font-size: Find answers in Support.

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