Home Sending Money Guides Guide to International Money Orders

Guide to International Money Orders

When you are living abroad, or you have family or friends living overseas, it is likely that at some point you will need to send an international money transfer abroad. There are many ways to do this, and one of the most familiar is with an international money order. Money orders may seem like an old-fashioned way to transfer money in the age of online money transfer companies, but they are still a safe and convenient method for sending smaller amounts internationally. This guide will take you through everything you need to know about international money orders.

Updated: 27/07/2022
Read time: 10 minutes
Compare Rates

What is an international money order?

A money order is a piece of paper, similar to a cheque, which is used as a method to make payments overseas. It is a safe alternative to cash and even personal cheques. On the money order, it is specified who will receive the money and both the payer and beneficiary must sign it for it to be valid. A money order can be purchased by prepaying the amount printed on it and filling out a form provided by the issuer, and then can only be paid out to the designated recipient. 

International money orders can be obtained from postal services, some banks, and remittance providers such as MoneyGram and Western Union. They are accepted in many countries across the world and can be converted to local currency in a wide variety of countries.

How do money orders work in Canada?
What is a money order? Pre-internet, many people around the world had no choice but to send money in the mail, albeit cash or cheque. The first known instance of a money order (also known as a postal order) dates back to the late 1800’s, when the U.S. Postal Service began issuing them so people […]
Guide to International Money Orders
What is an international money order? A money order is a piece of paper, similar to a cheque, which is used as a method to make payments overseas. It is a safe alternative to cash and even personal cheques. On the money order, it is specified who will receive the money and both the payer […]

Pros and cons of international money orders

Like any other payment method, a money order will have benefits and drawbacks. Here’s a quick summary of money order pros and cons.

Convenience: Money orders are a fairly convenient payment method. You don’t need a bank account, and you can pay for it using cash, debit card, or even traveller’s cheques.
Safety: International money orders are safer than cash if you have to mail money overseas. Even if the order gets lost or stolen, you can get them reissued and don’t have to worry about someone stealing the funds. Also, an international money order usually requires signature of both the payer and beneficiary, which adds a layer of security.
Guaranteed: Unlike a cheque, a money order cannot bounce as it is already paid for before being sent. So, the payment is guaranteed when the beneficiary collects the funds.
Expensive: The sender has to pay fees to purchase an international money order, and there are often recipient fees associated as well. This makes international money orders a relatively expensive way of sending money overseas.
Poor exchange rates: With money orders, you often end up getting poor exchange rates, which can impact the amount of money you’re able to send.
Slow: International money orders are often mailed to the recipient. This can take a while depending on the countries involved, and is typically slower than online transfers.

How do I send an international money order?

The basic steps involved in sending an international money order are pretty simple. Here;’s a step-by-step guide to take you through the process:

  1. Ensure that international money orders are accepted in the recipient’s country: While international money orders are widely accepted, it may still be in your best interest to check if the country where you are sending it supports them. For example, if you have purchased your money order from USPS, it will be accepted in 27 countries only. 
  2. Decide where you want to purchase your international money order from: You can purchase your international money order from your bank, postal services, Western Union, MoneyGram and many other providers. Do some research and find out the provider that proves least expensive and most convenient. 
  3. Gather all the information for payment and delivery: You need to be prepared with the name of the recipient and address, and also have the necessary cash or debit card ready to pay for the money order. You may be able to pay with credit as well with some providers as well, but this will usually incur extra fees.
  4. Fill out the form: Write the name of the individual or business that will receive the international money order on the line that starts with “Pay to” or “Pay to the Order Of.” In the purchaser section, you enter your personal information. If you are paying a bill, include your account number in the memo section. 
  5. Sign the international money order: To make the money order cashable, you should sign it where it says “purchaser’s signature”. 
  6. Track your money order: The issuer will provide you the receipt with the details of your money order as well as the tracking number. You can use this number to track the money order and to verify whether it has reached the recipient or not. 

What are the alternatives to international money orders?

If you’re considering other options for transferring your money internationally, the two main options you’ll want to consider are using your bank or an online money transfer provider. These both have their pros and cons, but in general online money transfer providers will be able to deliver your money faster and less expensively than if you use an international money order. Here’s a quick summary of these to other notable options.


The most obvious alternative to international money orders is a bank transfer. You can simply walk into your bank branch or login to your internet banking account and make an international money transfer. The transfer occurs via the SWIFT network, which is a messaging network used by banks and financial institutions all over the world to transfer information, including money transfer instructions. Depending on where the money is coming from and going, the currencies involved, and the amount of money transfer, your transfer may happen instantly or may take 2-3 days. 

Banks tend to be able to facilitate large international transactions, but you’ll also have to pay a fixed transfer fee and a mark-up on the exchange rate as high as 5% to make an international money transfer with a bank.

Money transfer companies

Over the past few years, specialised money transfer companies such as XE, Paysend and WorldRemit have emerged as a great alternative to both international money orders and bank transfers. These companies have been successful in employing latest technologies and improved systems to bring down the transfer times and costs significantly. In general online money transfer companies can offer lower fees than banks, they are quicker, and also charge exchange rate margins between 1% and 2%, as opposed to the high margins often levied by banks.

Money transfer companies also support a variety of payment and delivery methods. You can pay for your transfer using bank transfer, debit or credit card, e-wallets, or cash, and the funds can be delivered to the recipient’s bank account, as picked up in cash, or even home-delivered (depending on the provider you choose). It is important to note that not all services are designed alike and there is no one-size-fits-all solution to all transfer needs, so it’s always important to compare your options when transferring money abroad.

To get you started, we’ve put together a list of top 10 money transfer companies to help you find the best provider for your needs.

Frequently Asked Questions

How much do international money orders cost?
How fast are international money orders?
Do international money orders have transfer limits?
Can I cancel an international money order?


If you’re considering whether there might be a better alternative for you than an international money order, then take the time to compare them to other alternatives such as banks and online money transfer companies. If you want a guaranteed prepaid way of delivering money overseas, then international money orders might be for you, but by looking into the various online money transfer providers around today, you will probably be able to find a quicker and cheaper way to transfer your funds abroad.

Compare money transfer providers now


Related Content

Fastest Ways to Send Money
With online banking making accessing your money as instant as sending a text, you’d be forgiven for assuming transferring your money abroad from a bank account would be just as quick. However, transfer speeds can vary depending on a number of factors – and you bank account might not be the best option to send […]
British Expats in the United States
This helpful guide shares what British expats living in the United States need to know about sending money. It will help you learn about getting the best FX rates, reduce transfer times, and get quick processing speeds. We also share a few of the top money transfer services for sending money from the UK to the US.
Cheapest Way to Send Money to Africa
In this guide we will provide an overview of the best way to send money to Africa, without incurring huge fees associated with traditional bank transfers. To make things as easy as possible for our readers, we will outline the factors contributing to the main costs, as we offer examples of the top money transfer services for sending money to countries in the African continent. 
Article Factchecked by Elliot Laybourne on 20th July 2022

Elliott is a former investment banker with a 20 year career in the city of London.

During this time he held senior roles at ABN Amro, Societe Generale, Marex Financial and Natixis bank, specialising in commodity derivatives and options market-making.

During this time, Elliott’s client list included Goldman Sachs, JP Morgan, Credit Suisse, Schroders Asset Management, and the Pennsylvania State Public School Employees Retirement System, amongst others.

Jonathan Merry

Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com