The postal order was until April 2002 by Deutsche Post (formerly of the Federal Post Office ) offered way to pay out the cash at a post office the sum of money paid to the recipient. In Austria, BAWAG offers P.S.K. through the branch network of Austrian Post under the name of domestic postal order a money transfer service to. In the United States postal money order is used in the form of Postal Money Order as before, being, however, has more of the character of rights guaranteed by the post office name checks there.
Domestic postal order in Austria
The domestic money order is in Austria mostly lower-cost alternative to other money transfer services providers (such as Western Union) for domestic payments represents the fee for a domestic money order in Austria amounts to EUR 7.20 (as of November 2013) regardless of the amount of the cash amount, with the maximum amount per instruction a maximum of EUR 9,000 is. The payee is wearing a disbursement fee of 2,80 €. The Client may at any post office a statement contract grant in which the recipient must be named. The receiver can fix the amount transferred with an official photo ID immediately after deposit at any post office within Austria. There is no notification of the recipient and also failed to state an amount of money ( the amount of money must be picked up at a post office ). If payment is not corrected within a month, so there is a fee-based repayment to the client ( re-booking fee: 8,60 € ). Once a postal order has been issued, no change is possible.
The advantage of a domestic money order to a transfer is the immediate availability of the receiver after deposit. The receiver can thus withdraw immediately after the deposit by the client in a post office the instructed amount in cash. The usual for transfers maximum allowable transfer time from since January 1, 2012, according to a Business Payment Services Act is not required. The domestic money order is also interesting if one of the counterparties has no bank account.
A disadvantage of the domestic money order is to be mentioned that during a transfer usually incurs much lower fees.
The risk of abuse is low and comparable to the risk of a referral, because even a referral can be retrieved only in exceptional cases. General rules of conduct and safety precautions in online trading as well as in financial transactions should still be respected at all times. The negative image of money transfer service is based particularly on issues in international payments, where criminals a cash payment in countries demand, in which the prosecution of the criminals is difficult. For domestic payments due to the verification of the identity of the recipient and the possibilities of legal persecution in Austria is to start with a lower risk.
The money order is a direct descendant of a money order, which was introduced in 1792 by a private company. Were introduced postal orders in England in 1856, in the old German postal areas 1865-1867 and the Universal Postal Union in 1879. On January 1, 1865 led Prussia instead of the letters with the cash to a money order. The postal order was completed by the depositor and was sent without transport detection by letter post. Due to the cost savings, the fee could be low. Brunswick, Hanover and Saxony led postal orders in the same year a, Bavaria followed on 1 November 1866 Württemberg on 1 February 1867. Shortly afterwards, namely on 15 March 1867, this payment method was then introduced in Austria. In association transport the letters with cash deposit persisted even longer.
As a form A form produced in card form was used. He was filled in by the sender, the receiver acknowledged that the receipt of the money. A small portion of the card was the sender to small references, this section could be separated only from 1 July 1866. Further changes followed. From 1 October 1883, the Reichsbank giro transactions was connected to the money order service. Now, the amounts could also be transmitted to the checking account.
A regulated interstate transport was stimulated in 1874 by Germany. A corresponding agreement was completed in 1878. He appeared in 14 states.
Bearer of the amount of money was the so-called money letter carrier, in particular becoming known by participating in TV quiz shows of the 1950s and 1960s, Walter Spahrbier profession. The payment order must be issued on a form, domestic payments were paid usually 1-2 days later. It was each fixed a maximum amount, this was last € 1,500. Special shapes such as express delivery, airmail transport or recovery were possible.
Telegraphic money orders are accepted with no limit of the amount.
Foreign post instructions on multilingual (mostly German - French ) form were also possible in certain countries, the maximum allowable amounts were present varies from country to country.
About the minute service can amount without limit amounts of money in the world immediately arrive at the receiver in larger post offices or branches of the foreign contractor of post paid, see for example: Western Union.