The postal order is a service of the Italian Post Office that allows you to transfer money between two people even if they do not have a bank or postal account. However, in the second and third cases, it is necessary to have a BancoPosta and BancoPosta Click current account. In this article, we will give you a complete guide about what is a money order?
As we will see later, the postal order is an easy and safe system. Other services that allow you to transfer money easily and safely are bank transfer and postal transfer.
What is a money order: Summary
- At the post office
- Online postal order
- How much
- How to collect
- Transfer limits
- In case of loss
- Short story
Make a money order at the post office.
First, go to any post office. To find the closest one go to this page. Bring a valid identity document and your social security number with you. Grab your financial services ticket and wait for your turn. At this point, fill in the postal order form and give it to the clerk serving you along with the money you want to send. You can also use a credit card or debit card to pay. If you have subscribed to a Bancoposta or BancoPosta Click account, you can debit the amount of the money order on that account.
Make an online postal order.
To make a money order via the internet, you must have a Bancoposta Online (BPOL) or Bancoposta Click account. But it is possible to do only the ordinary money order. First, you need to log into the Poste website and then to your personal area. At this point, click on Send Money and then on the Money Order. Now fill in the online form with the requested information and complete the operation.
It is also possible to send a suitcase via the App for tablets and smartphones. Also, in this case, only the ordinary money order can be done.
Postal Order: The types available
There are numerous types of postal orders:
Each has different characteristics, with different costs and specificities. And in each type of money order, it is possible to insert a text up to a maximum of 120 characters for any communications or indicate the money transfer reasons.
Ordinary Postal Order
An ordinary money order can be submitted from any post office. And without having a bank or postal account. In this case, you will need to bring cash or a prepaid credit card to the counter, such as you can do without having a support account. But that’s not all: the operations of sending an ordinary money order can also be done online. If you have a Bancoposta Online (BPOL) account or a Bancoposta Click account.
Poste will deliver the money order to the beneficiary within 3 or 4 days, and the latter will have at least 2 years to collect the sum. There is a provision for the refund to the sender in case of finished stock, unavailability, or rejection by the recipient.
Circular Postal Order
The circular money order has the same characteristics as the ordinary money order. But it also gives the possibility to hand over the withdrawal form to the beneficiary personally. The beneficiary can collect the money order at any post office. You can redeem it in cash or pay it into your BancoPosta current account. On the other hand, to the beneficiary, only in case of loss, destruction, or theft of the title (but with the presentation of a complaint presented to the competent authorities).
Fast Postal Order
The fast money order is a money transfer in which the funds are moved immediately.
The sender completes the form by choosing a keyword consisting of a series of characters (from three to sixteen) to send a quick money order. This keyword must then be communicated to the beneficiary, the reference number of the money order, and the amount. Finally, the express money order can be collected by the recipient, who must communicate all the information to the post office. The refund to the sender of the unclaimed money order is expected after 30 days from the request.
International Postal Order
With the international money order, it is possible to send and receive sums of money from abroad, even without having a bank or postal account. The transfer of funds takes place between 7 and 10 days. The enabled nations are:
Algeria, Burkina Faso, Czech Rep., National China, People’s China, Cyprus, South Korea, Ivory Coast, Ghana, Guinea, India (only in issue), Mauritius Islands, Latvia, Malta, Mauritania, Romania (only reception ), South Africa, Hungary, Uruguay, Vatican.
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How to collect a postal order
Once the sending operations have been completed, Poste Italiane will send the form to the recipient by post. At this point, the recipient will have to go to a post office, show what has been received and a valid identity document, and receive the money.
Money Order, Transferable Money Limits
The various types of money orders have different maximum value limits for each transaction. Below are the maximum amounts. The fast money order has a maximum limit of 999.99 euros per transaction. The orderer has an overall limit in a period of 7 days (including that of the request) of 999.99 euros, which rises to 4 thousand euros in a period of 30 days (including that of the request).
The ordinary postal order (which can also be used as cash on delivery for sending parcels, registered or insured) has a maximum limit of € 2,582.28 per transaction. The circular postal money order has a maximum limit of 50,000 euros if made in cash. It has no limits if charged to a BancoPosta account.
What to do in case of loss of a money order
The product leaflet advises the recipient to keep the transferable postal order with the utmost care. In case of loss, theft, or destruction of the security, payment can only be obtained after activating the amortization procedure (particularly long and expensive).
A necessary condition for blocking the payment of a transferable money order (if lost, stolen, or destroyed) is to report the event to the competent Authorities and then submit the report to Poste. In cases of destruction, loss, or theft of the security. The report must also be presented to block the payment of a non-transferable money order. To allow subsequent payment to the beneficiary or reimbursement to the sender without presenting the security itself.
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Brief History of Postal Order
The postal order was invented in France in the late 1700s for security reasons. It was the Hundred Years Wartime, and sending money to soldiers at the front was dangerous, both for the money and for the postal service horse and carriage drivers. In fact, the money traveled with them, physically, in envelopes or other containers, attracting bandits’ attention.
So they came up with a service that allowed them to move money without carrying it around like that. It worked like this:
- the sender went to the post office;
- he handed over the money and received a letter of exchange;
- the sender sent the letter to the recipient;
- received the letter, the beneficiary gave it to the regimental accountant and received the money.
This way of sending money to the military at the front ceased to exist in 1815, with the Thirty Years War. But the advantages it had demonstrated during its operation prompted the French post office to reintroduce it in 1817, this time dedicated to the entire population. But with two variants: everything takes place between two post offices. Before the army was also involved – and the office to which the sender is addressed must send a notice of payment to the office to which the recipient will address.
Over the next forty years, the service will spread to Sardinia, England, present-day Germany, and Austria.
Quick money order
The express is the ideal service for those who need to transfer money safely and with immediate effect. A system that safeguards both the sender and the recipient. The latter will be able to collect the quick money order immediately after the issue of the title. The maximum amount allowed for the express is 999.99 euros.
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As required, the quick order.
You can request a quick money order at any post office. Ask for the form and fill it in with all the requested information. Among these is the keyword (from a minimum of 3 characters to a maximum of 16) that you will have to choose and then communicate to the recipient so that he can collect the order. You can also enter a short text. You have a maximum of 120 characters.
Once you have filled out the form, you will receive the reference number of the money order other information. Pay particular attention to the password and the reference number of the money order. Without these data, the beneficiary will not be able to collect the amount.
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How much does it cost, and how do you collect a quick money order
The express has a cost of € 10.00 and is charged to the sender. The recipient can cash at any post office, and the operation is completely free.
The beneficiary with a valid identification document, password, and reference number of the money order can cash the title at any post office within 30 days from the date of issue. If the beneficiary does not collect the express within the established time.
Circular money order: for money transfers with no amount limits
The circular screen has the same characteristics as the ordinary screen but offers some advantages. Unlike the ordinary money order, the sender personally delivers the title to the beneficiary. Such as weddings or graduations, for example.
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How and how much does a circular money order cost?
You can request a circular money order at one of the many Italian Post Offices located throughout the country. The cost ranges from 3.00 euros to a maximum of 10.00 euros and depends on the amount you intend to transfer. The costs for the circular money order issued by post offices in cash are as follows:
- up to 1,999.99 euros;
- equal to or greater than 2,000.00 euros and up to 49,999.99 euros;
- equal to or greater than 50,000.00 euros.
How a circular money order is collected
The beneficiary can cash at any post office by presenting the title received. You can also decide to pay the amount into your postal or bank account. The sender can request a refund. In the event of loss, destruction, the beneficiary can request a refund by submitting the report to the competent authorities.
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International money order
All the types of postal orders exposed so far allow you to transfer money to Italy. With the international, you can transfer money abroad easily and securely. In fact, the title travels through the postal network and complies with high-quality standards in terms of security. This way you can send money abroad or receive it at any post office without worry. The operation is also available for customers who do not have a postal or bank account.
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How an international money order is required
To request an international money order, all you have to do is go to a post office and request and fill in the appropriate forum. By the individual countries authorized for the service. You can receive and send money in the following countries: Algeria, Burkina Faso, Czech Rep., National China, People’s China, Cyprus, South Korea, Ivory Coast, Ghana, Guinea, India (only in issue), Mauritius, Latvia, Malta, Mauritania, Romania (reception only), South Africa, Hungary, Uruguay, Vatican. The times for sending and receiving the money range from a minimum of 7 days to a maximum of 10 days.
How much does an international money order cost, and how to collect
The operation cost is 6.00 euros for amounts from 0.01 euros up to the country’s maximum amount allowed in the money transfer. Once in possession of the title, the beneficiary can collect it at any post office.
How to request and cash a postal order without wasting time?
Does the money order you choose to require you to go to a post office to send or receive the money? To avoid long and exhausting lines, we recommend that you take advantage of the Book ticket service. Visit the Poste Italiane website, click on the Private menu item (top left) and use the search bar to find the office closest to you. You will see the cards of the different post offices available and at the bottom of the Book Ticket button. Click on it, fill in the ticket and click on Book Ticket. At the email address you indicated during the compilation phase, you will receive the booking confirmation with your number and (indicative) time for the appointment at the post office you have chosen. A real treat to save time!