What Is the Difference between a Money Order and a Postal Order?

A postal order (postal order), also called a bill of exchange, is a voucher that instructs a person to pay a certain amount. The buyer buys a postal money order from the post office, leaving a stub that records the amount and date of purchase. Only the person named on the bill can redeem it. If the money order is lost, the buyer can use the stub to reissue a money order at the post office.

Money order

Bank draft ^[1]

1 World Encyclopedia (International Chinese Version) Volume 18. Hainan Publishing House, December 2006, 1st edition. ^[1]