What is a postal order?What does this involve?

[rowan1990]

What is a postal order?What does this involve?

[dzug]

It's effectively buying a cheque - you go into a Post Office, say you want a postal order for �x payable to John Smith (or it can be left blank).

The Post Office print it out, charge you a fee (8 or 9% as a rough guide for lower values) and you post it to John Smith. Maximum value is �250.

He can then cash it in a Post Office or (if it's crossed) pay it into his bank account.