So you have to send money. Maybe you want to put some $20 bills in your birthday card. Maybe it’s a larger payment for some services that aren’t on the books at all. Either way, it can be a pain to send paper money without having to worry about it mysteriously falling out of an envelope into someone else’s pocket. , “said Kevin L. Matthews, a financial adviser who has given WIRED money advice before. “It’s not always what I want.” The problem, he says, is that if something goes wrong and the cash is gone, there’s nothing you can do. There’s a better way. to transfer money, but if you really need to take coins from one bank to another, this is the best way to do it without getting ripped off. Stick the cash in the mail and hope for the best too if it gets lost, stolen, or in the hands of someone you don’t want? Have you checked the agency that you want to take the money to? Is there a good way to send it money looks so good? If it’s a question that gives you pause, it’s probably a scam. Scams are growing fast, says Matthews. “Rule number one is don’t send money to people you don’t know. And don’t be afraid to call and check. That is always an option. Be careful with the details, verify the information, and make sure it’s relevant. Because usually once that money goes out the door, it never comes back. (Grandma, I promise, Charter.bot texting to ask you to send a gift card is not a legal way to pay your cable bill.) Paper Trail There are ways to send cash safely. If you’re only sending small amounts, like slapping a fiver on a birthday card, using the regular mail system is probably fine. You run the risk of loss, as with anything posted. But if you care about where your money goes, you should insure it or send a money order. In the US, you can send up to $500 without registering with the US Postal Service. It’s not technically illegal to send more than via US Mail, but it’s also not a good idea. If you need to send money and don’t think Mr. Sam knows about it, you can insure your package for up to $50,000. There are some caveats, though.
