question about personal money order

kennylow

I recently sold a card on ebay, and in payment I received a "Personal Money Order". What does that mean? Is that different than a cashier's check? Different than a regular money order? I had always thought that the USPS and other check-cashing places issued money orders, but the banks issued cashier's checks. So a "Personal Money Order" sounds kinda fishy. Although the document looks very official, along with watermarks ... so I'm probably just paranoid.

spacktrack

Banks will also issue money orders. What company does the MO come from?

kennylow

Bank of America - does it matter?
Thanks for any help. It should be no problem, right?

wufdude

If Bank of America issued it, I don't believe you have anything to worry about.

gameusedhoop

My wife works at a bank and each bank has a minimum amount that a Cashier's check can be for, usually over $500, some higher, depends on the bank. Any amount under the minimum is done via a personal money order. They are very safe as the only way to obtain one is in person at the bank. I have used many in the past as there is no charge for me (saves $.95 at the PO) and there has never been a problem. They are safer that a check, usually can't have payment stopped on them, and everything clears in 24 hours now anyway.

kennylow

great help, thanks all!