Banking Image Gallery
Banking Image Gallery

It's possible to purchase a money order online, but your options are more limited than if you were to buy one from your local bank or grocery store. See more banking pictures.

Antonio M. Rosario/Brand X Pictures/Getty Images

We've all seen commercials where a cash-strapped person in dire need of money for bills, bail or some other emergency calls a friend or family member for a quick financial infusion. Typically, a loving but exasperated parental figure drives down to the closest bank or money transfer service and arranges for a money order to be sent to their down-and-out loved one. Cue happy smiles all around as everyone -- including the bill collectors -- gets the financial assistance they're looking for. Thanks to the World Wide Web and some enterprising services, however, it's no longer necessary to leave the house when granting someone a financial windfall. Money orders are now available online, although they're a bit different from the ones you purchase in person.

Regular money orders can be bought at your local grocery store, bank or post office. There are some limitations to paper money orders, but they're easily worked around. For example, the amount can't exceed $1,000, but you can buy more than one at a time. So, if you need to send $5,000, just purchase five money orders worth a grand apiece. The United States Postal Service charges $1.50 per order if going to a customer in the U.S.; those being sent internationally cost $3.85 per $700 [source: Bank of America].

The ability to send a money order online is still a relatively new development, and most major banks and financial institutions don't yet to offer the service. There are a few companies, however, that will allow you to use the Internet to purchase money orders.

Keep reading to find out about what you can expect from a typical online money order.