Finance

Elimination of $10,000 Limit on Money Order Transactions

Effective, March 1, 2007, the policy that limits the sale of money orders to $10,000 per day per postal customer has been rescinded. Effective immediately, postal customers may purchase money orders in amounts up to $1,000 each with no daily maximum. Point-of-service (POS) equipment has been re-programmed to remove the restriction on the sale of money orders totaling more than $10,000.

All employees are reminded that PS Form 8105-A, Funds Transaction Report, must be completed when postal customers purchase money orders that total $3,000 or more during the same business day. This form will be mod­ified to remove references to the $10,000 limit. We will pub­lish the revised form in the Postal Bulletin as soon as it is complete.

— Revenue and Field Accounting,
Finance, 3-1-07