![]() ![]() You’ll need to provide your name and possibly some official government ID, as well as the name of the person who will receive the money order (the payee). Note that Canada Post and some financial institutions have a limit of less than $1,000 per money order. ![]() That means you’ll need access to funds that will cover the full amount of the money order, plus any service fees. To use a money order as payment, you’ll first need to purchase it. How money orders work in Canada Paying with a money order Money orders can also be an especially good payment option for people who don’t have a bank account and therefore don’t have access to cheques or Interac e-transfers. Unlike a personal cheque, however, a money order is guaranteed because the amount is prepaid by the purchaser.Ī money order can come in handy when a cheque is not an acceptable form of payment or when you want to send funds through the mail but don’t want to risk sending cash. A money order is a paper document that acts as a form of payment, much like a cheque. ![]()
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