Planning an International Trip, Buy Money Orders Before You Leave

by | Jun 28, 2018 | Financial Services

If your family does not live in the United States, one of the most convenient methods for getting cash to them is money orders. Buying them are easy for you and cashing them is easy for them, even when sent internationally.

Money orders are far safer than sending cash abroad. Personal checks usually take 30 days or more to clear your bank, the result is, the recipient has to wait for the money. Money orders are guaranteed and valid worldwide.

When to Use Money Order

There are situations where buying a money order is the most sensible solution. In these situations, sending cash is risky, or checks are not acceptable.

   * Sending a Secure Payment: Unlike sending a check, a money order has no information about you or your bank details.

   * You Do Not Have a Checking Account: It is easy to pay bills when you have a checking account, but many people do not have one. When you purchase a money order, you do so in cash in advance. The money order is not tied to any specific banking institution and can be sent to anyone.

   * Money Orders are Money: When you send a money order, no one other than the named recipient can cash it. Money orders are safe and acceptable worldwide.

   * Make Payments Even Though Your Bank May Be Closed: Unfortunately, banking hours and normal working hours are more or less the same. If your bank is closed and you must arrange to send money, local currency exchanges can help as they maintain longer opening hours.

   * Ease of Record Keeping: When you purchase money orders, you get a copy for your records. Not only can you keep accurate records of your payments, but you also have evidence that the money order was purchased and sent to the recipient.

Money orders make paying bills and sending money abroad very easy. International money transfer is easy when you use the services of West Suburban Currency Exchanges. Visit www.wsce.com/money-orders/ for branch locations and details on the service.

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