A cashier's check or a money order can come in handy if you're paying bills or making a large deposit on a purchase, such as closing on a mortgage. Because personal checks are not accepted at ...

Advantages of using money orders Money orders are best for purchases where you don't know the other person well. For example, many landlords require a money order or cashier's check for the first ...

The maximum money order amount varies by issuer. For example, the biggest money order you can get at the post office is $1,000. However, some issuers may have a lower cap. To protect against fraud ...

for example — you'll want to confirm the amount is what it's supposed to be. Where to cash a money order Going directly to the issuer is also a way to verify the money order. If you cash with a ...

"Like cash and regular checks, money orders are susceptible to being lost or stolen," says Leslie Tayne, a financial attorney and managing director of Tayne Law Group in New York. "For example ...