What is the maximum amount for a domestic money order?

The maximum amount for a domestic money order is indeed $1,000. This limit is set to ensure that money orders remain accessible for everyday transactions while providing a balance between convenience and security. Money orders are a popular form of payment for individuals who may not have access to checking accounts or prefer not to use cash.

Setting the maximum at $1,000 helps to mitigate risks associated with loss or theft, as larger amounts could lead to significant financial repercussions for individuals. Furthermore, this limit encourages customers to use other forms of payment for larger transactions, which can offer additional security features.

The other options reflect potential limits that exceed the standard amount for domestic money orders. While certain financial institutions may have their own policies or recommend higher limits for specific services, the general consensus and regulation for domestic money orders typically caps at $1,000.