Are money orders secure?

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Are money orders secure?

Rounding it up

  • Canada Post money orders are a guaranteed form of payment that you can use to send funds through the mail.

  • Money orders operate like cheques, but they offer more security for the payee because they don’t contain private information about your bank account or financial details.

  • The only person who can cash a Canada Post money order is the recipient, who also needs to show photo ID to get their funds.

  • Canada Post guarantees its money orders, which means that you can request a refund for a lost or stolen money order—so long as it hasn’t been cashed.

8 min read

April Ann Quiñones
#money order#safety#fraud prevention

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