Money orders are financial certificates or notes used
in place of cash in order to make a payment. They
do not require the person getting them to have a
bank or credit account, so they often are the go-to
option when a person isn’t affiliated with a financial
institution.
Money orders are readily accepted and converted to
cash, and are often used by people without access to
a standard checking account. These instruments are
an acceptable form of payment for small debts, both
personal and business, and can be purchased for a
small service fee from most institutions.

Debit cards are a very convenient form of
payment and are relatively safe as, before
payment is made, a code number known as
the PIN has to be tapped into the cardholding machine at the time of purchase.

Debit cards can be
used at the ATMs
(automated teller
machines) to withdraw
cash-but there may be
a charge for this.
A bank draft is a payment on behalf of a
payer that is guaranteed by the issuing
bank. Typically, banks will review the bank
draft requester's account to see if sufficient
funds are available for the check to clear.
A telegraphic transfer (TT) is an electronic
method of transferring funds utilized primarily
for overseas wire transactions. Typically
telegraphic transfer is complete within two to
four business days, depending on the origin
and destination of the transfer, as well as any
currency exchange requirements.

The telegraphic transfer is a means of wiring funds
from one location to another. Originally, this
process made use of the telegraph as a means of
transferring money between a point of origin and a
point of termination.

A bank-to-bank transfer occurs when someone
transfers money from an account at one bank to
an account at another bank, credit union or other
financial institution.
A mobile wallet is a virtual wallet that stores
payment card information on a mobile
device. Mobile wallets are a convenient way
for a user to make in-store payments and
can be used at merchants listed with the
mobile wallet service provider.