Money Transfers
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Money Orders

 

Domestic | International | Postbank | Shopping | Products & Solutions

 

Payment as good as instant cash. Money orders are sent electronically from one post office to another, where they may be redeemed. They are valid for six months from the date send.

The main features of electronic money orders are:

redarrow Electronic transfers between post offices

redarrow Added security

redarrow Transfers of up to R2 000 on a single order can be made

redarrow Availability of money within minutes of it being sent

redarrow PIN security number on PIN money orders (can only be redeemed in South Africa)

Benefits to you

redarrow Receive payment in cash

redarrow Money available within minutes of it being sent

redarrow Cannot be referred to drawer

redarrow Speedy (electronic) transfer of money between offices

redarrow Redeemable in some participating foreign countries (subject to foreign exchange policy)

redarrow No agreement required to sent or receive

redarrow No minimum value

redarrow No limit to the number of money orders send.

Benefits to your customers

redarrow Advantages for people who don't have cheque accounts

redarrow Available where there are no banking facilities

redarrow Made out to a specific person or business

redarrow A message may be sent with the money order - e.g. account number of payee (PIN money order excluded)

redarrow Can be redeemed at most post offices and retail postal agencies

redarrow Fast transfer of money to meet critical deadlines

redarrow Redeemable in several foreign countries (subject to foreign exchange policy)

redarrow No agreement required to send or receive

redarrow No minimum value

redarrow No limit to the number of money orders send

redarrow For convenient and fast payments or transfers, encourage the use of Electronic Money Orders.