There are times when a personal check doesn’t cut it. You may have an important expense, such as a used-car purchase or a rent deposit, but the person you’re paying won’t accept that little piece of paper from your checkbook. The recipient may ask instead for some form of guaranteed payment. If you’re not keen on carrying around large amounts...
The article Money Order vs. Cashier’s Check: How to Decide originally appeared on NerdWallet.
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