Question

write difference between money order and postal order.​

Answer 1

Answer:

A postal order is not a legal tender, but a type of promissory note, similar to a cheque. A money order is an order for a specific sum of money, usually purchased with cash at a bank or Post Office, that can be used to make payments. ...

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Answer 2

Answer:

money order is a payment order for a pre-specified amount of money. As it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a cheque.

postal order or postal note is a type of money order usually intended for sending money through the mail. It is purchased at a post office and is payable at another post office to the named recipient. A fee for the service, known as poundage, is paid by the purchaser.