Postal Money Order Definition

A postal money order is simply a money order that has been issued by the United States Post Service. Commonly used before 2006, postal money orders were obtained at any post office and could be used, more or less, like cash. Recent laws have severely curtailed the use of all money orders and the use of postal money orders in particular is on the decline. Postal money orders are widely regarded as very secure due to a large number of documentary security features though the rate of forgeries is increasing.