posted on February 19, 2001 04:37:20 AM
In other threads, I have read that a money order CAN bounce. This has not happened to me, but I am curious to know how this happens? Thanks.
posted on February 19, 2001 05:13:19 AM
There's a couple of ways. One, the sender can put a stop payment on the money order. (Yes, most money orders CAN have a stop payment put on them.....except for a postal money order). Second, sometimes if you deposit an international money order, it will "bounce" because there are no US routing numbers on it. Although the mo may not actually be bad, your bank will have to put it through collections in order to get the funds. This of course, costs extra fees. So, if you ever get an international money order from Canada, for example, cash THAT one at the post office.+
posted on February 19, 2001 05:33:58 AM
Thank you, kidsfeet. I don't do the international thing lol. I guess I just didn't know that a person could put a stop payment on a MO....hmmmmm. Thanks again. Janet
posted on February 19, 2001 07:07:39 AM
I guess when I think of "bounce", I think of insufficient funds...if it is stolen, isn't that something else? Oh well, I guess I just live in a state of confusion lol. Janet
