How do postal orders work

For those who actually remember what they are, postal orders are a relic of Christmas past. But despite the popularity of mobile and online banking, even the existence of cheques, postal orders are very much still a thing.

There are two types of postal orders, those crossed and uncrossed. If a postal order is crossed then it can only be paid directly into a bank account or to pay a bill. In contrast, uncrossed postal orders can be exchanged for cash. Thanks to Nova Money, you can monitor all your postal orders and transfers by aggregating all your accounts in one place. Nova will help you set goals, improve your spending habits and stay on top of your finances.

You can learn more here. Check out this proven method to better manage your money. Those are the only scenarios that are permitted. The key disadvantage of using a postal order instead of a cheque or bank transfer is the cost.

The fee differs between four value brackets. To cash a postal order, you have to sign the back of the paper to validate it, much like a cheque. If you wish to make a claim for your postal order, please send your original postal order purchase receipt, along with your personal contact details, to the following address:. Please keep a copy of your postal order receipt for your records. The Post Office team will aim to respond within 35 days. A Postal Order is issued in accordance with the relevant Scheme or Schemes made under Section of the Postal Services Act or any re-enactment thereof.

Evidence of identity must be provided if requested by the paying officer. Skip to main content. Trending searches Where is my nearest branch? Other services. Answers to some of your most common questions What is the difference between a crossed and uncrossed Postal Order?

You should not rely on this information to make or refrain from making any decisions. Always obtain independent, professional advice for your own particular situation. Treat yourself or a friend to a monthly mix of intelligent opinions, fascinating features and exclusive offers. Get FREE advice and all you need to know about equity release. She writes on motoring, personal finance and lifestyle topics. Search Magazine. What is a postal order? Do postal orders still exist?

But they are still available at a Post Office near you, though their use has declined. Avoid getting scammed on ebay What is a postal order? What do I do if my postal order is lost or stolen? What if I want a refund for a postal order?

Avoid postal order scams The Post Office or Royal Mail never send email notifications to say a postal order has been received. Related Articles Guide to giving gifts to grandchildren 6 ways to help charity without donating money Paying tax on money you give to children The cost of giving a house to children Paying tax on money you give to children What are your online shopping rights?

Late deliveries: your consumer rights Avoid the cloned website scams. Subscribe to Saga Magazine Treat yourself or a friend to a monthly mix of intelligent opinions, fascinating features and exclusive offers. Find out more. Free day credit report Get free access to your credit report for 30 days with Experian's trial offer.