I have had clients tell me that they do not have a checking account. Not only do these clients pay for check cashing, they use money orders to pay bills. Most often, the clients are using the post office money orders
The cost for a Walmart Money Order is about $.60 each. For the Post Office, the rate is about $1.15 for an order up to $500, and $1.55 for an order up to $1,000. These fees can add up quickly.
What I have learned to do is pay bills electronically, through my bank account. The electronic bill pay avoids the costs of the money order, and the postage fees. My estimate of savings on 20 checks and 20 stamps is $16 per month.
Attorney Robert M. Singer
Law Offices of Robert M. Singer, LLC
2572 Whitney Avenue
Hamden, CT 06518
203-248-8278