diff --git a/src/providers/postgres/qgspostgresconn.cpp b/src/providers/postgres/qgspostgresconn.cpp
index 581413ebd03..06cd3b5f887 100644
--- a/src/providers/postgres/qgspostgresconn.cpp
+++ b/src/providers/postgres/qgspostgresconn.cpp
@@ -1948,7 +1948,7 @@ QString QgsPostgresConn::fieldExpression( const QgsField &fld, QString expr )
   expr = expr.arg( quotedIdentifier( fld.name() ) );
   if ( type == QLatin1String( "money" ) )
   {
-    return QStringLiteral( "cash_out(%1)::text" ).arg( expr );
+    return QStringLiteral( "%1::numeric::text" ).arg( expr );
   }
   else if ( type.startsWith( '_' ) )
   {
diff --git a/src/providers/postgres/qgspostgresprovider.cpp b/src/providers/postgres/qgspostgresprovider.cpp
index 340bd81a740..22708e3e7f1 100644
--- a/src/providers/postgres/qgspostgresprovider.cpp
+++ b/src/providers/postgres/qgspostgresprovider.cpp
@@ -1189,6 +1189,12 @@ bool QgsPostgresProvider::loadFields()
           }
         }
       }
+      else if ( fieldTypeName == QLatin1String( "money" ) )
+      {
+        fieldType = QVariant::Double;
+        fieldSize = -1;
+        fieldPrec = 2;
+      }
       else if ( fieldTypeName == QLatin1String( "varchar" ) )
       {
         fieldType = QMetaType::Type::QString;
@@ -1231,7 +1237,6 @@ bool QgsPostgresProvider::loadFields()
                 fieldTypeName == QLatin1String( "cidr" ) ||
                 fieldTypeName == QLatin1String( "macaddr" ) ||
                 fieldTypeName == QLatin1String( "macaddr8" ) ||
-                fieldTypeName == QLatin1String( "money" ) ||
                 fieldTypeName == QLatin1String( "ltree" ) ||
                 fieldTypeName == QLatin1String( "uuid" ) ||
                 fieldTypeName == QLatin1String( "xml" ) ||
diff --git a/src/providers/postgres/raster/qgspostgresrasterprovider.cpp b/src/providers/postgres/raster/qgspostgresrasterprovider.cpp
index a3a9fb556b5..1a750f23ff5 100644
--- a/src/providers/postgres/raster/qgspostgresrasterprovider.cpp
+++ b/src/providers/postgres/raster/qgspostgresrasterprovider.cpp
@@ -1815,6 +1815,12 @@ bool QgsPostgresRasterProvider::loadFields()
           }
         }
       }
+      else if ( fieldTypeName == QLatin1String( "money" ) )
+      {
+        fieldType = QVariant::Double;
+        fieldSize = -1;
+        fieldPrec = 2;
+      }
       else if ( fieldTypeName == QLatin1String( "varchar" ) )
       {
         fieldType = QMetaType::Type::QString;
@@ -1854,7 +1860,6 @@ bool QgsPostgresRasterProvider::loadFields()
                 fieldTypeName == QLatin1String( "citext" ) ||
                 fieldTypeName == QLatin1String( "geometry" ) ||
                 fieldTypeName == QLatin1String( "inet" ) ||
-                fieldTypeName == QLatin1String( "money" ) ||
                 fieldTypeName == QLatin1String( "ltree" ) ||
                 fieldTypeName == QLatin1String( "uuid" ) ||
                 fieldTypeName == QLatin1String( "xml" ) ||