Money orders:
Electronic money order (a reliable way to transfer funds in South Africa and participating foreign countries):
The purchaser must notify the recipient that a money order will be available. The recipient must have the money order number and PIN to enable him to redeem the money order.
Domestic Postal orders:
A domestic postal order is made payable to a specific person or company and may be redeemed at post offices and banks.
Benefits
It is a simple and reliable way to send funds.
There is no limit to the number of money/postal orders purchased.
The orders can be redeemed at any post office, outlet and bank and in some participating foreign countries:
It is easy to post
There is no minimum value
The orders can be for any value up to R5 000,00
Maximum value per order
The maximum value per month per person for any other country excluding Lesotho, Namibia and Swaziland is between R2000 - R5000.
There is no limitation on the maximum value per month or per person in respect of Domestic Postal / Money Orders or International Money Orders to Lesotho, Namibia and Swaziland.
Issuing requirements
The Identification of the customer must be verified.
International Money Orders - Certified copy of ID document and proof of residential address.
Payout requirements
The Identification of the customer must be verified.
If the applicant is an individual S.A. Citizen, proof of residence is not necessary.
If the applicant is a Foreign National the following will apply:
Domestic Postal / Money Orders - proof of residence is not necessary.
International Money Orders - obtain a certified copy of their ID document and proof of residential address |