A money order is purchased for the amount desired from postal services; in this way, it is similar to a certified check. In Sunnyvale, money orders consist of two portions; one is the negotiable check for remittance to the payee, and a receipt or stub, that the customer retains for records. The amount is printed by machine or check writer on both portions, and similar documentation, either as a third hard copy or in electronic form, is retained with the issuer and agent locations in Sunnyvale.
It is commonly used for transferring funds to a payee who is in a remote, rural area, where many people may not use a bank account at all. Money orders are the most economical way of sending money for small amounts.
$14 million Investment in Cleantech Business Incubator Initiative Supports the Development of 141 Clean Energy Companies across the State (Long Island, NY) Governor Andrew M. Cuomo today announced that 141 clean technology companies have been supported and primed for further growth through the Governor’s Cleantech Business Incubator initiative. The initiative has attracted more than $215 million in private capital and..