2006-06-06 06:21:27 · 16 answers · asked by txstatedeegee 1 in Business & Finance ➔ Credit
It's not possible. The money is guaranteed by the company that sold it to you for the cash. Money orders and cashier's checks represent as Cash on a balance sheet. They cannot bounce like a check.
2006-06-06 06:24:32 · answer #1 · answered by answers999 6 · 0⤊ 1⤋
A money order cannot bounce. They are guaranteed funds. They are paid for in advance, like a cashier's check. Someone can put a stop payment on a money order, but they can't bounce.
2006-06-06 13:24:50 · answer #2 · answered by jekyll_hyde_you_decide 3 · 0⤊ 0⤋
I have never heard of a money order bouncing. If for what ever reason the money wasn't paid out it would go on the company that cashed it for you, I would imagine anyway.
2006-06-06 13:25:47 · answer #3 · answered by highchaparral2006 4 · 0⤊ 0⤋
that would be a pretty unusual situation. the only way it could possibly bounce is if say, you buy a money order from western union and western union has all of it's assests seiezed for drug trade or something weird like that. the reason people accept money orders is because they don't bounce.
2006-06-06 13:25:53 · answer #4 · answered by rishathra7 6 · 0⤊ 0⤋
money orders don't "bounce" because you pay for it up front. You can't bounce a money order like you can a check.
2006-06-06 13:24:53 · answer #5 · answered by JRob 4 · 0⤊ 0⤋
Money orders can bouce. Yes we pay cash for them, same as a cashiers ck but you can ask for it to be cancelled within a 24 hour period. Then the person with the copy or stub can get their money back from where you purchased it. It a long process but it can be done and if you deposited a money order into your account and it is returned you have to put that amount of money back in there.
2006-06-06 14:43:29 · answer #6 · answered by mrssainsarg 3 · 0⤊ 0⤋
Money orders don't bounce. They are purchased in cash and worth the amount paid for them.
2006-06-06 13:25:34 · answer #7 · answered by coco 3 · 0⤊ 0⤋
That about the same as saying a $20 bill would bounce.
2006-06-06 13:24:24 · answer #8 · answered by Pitchow! 7 · 0⤊ 0⤋
A money order can't bounce... you have to pay cash in order to get it.
2006-06-06 13:24:48 · answer #9 · answered by Fran 2 · 0⤊ 0⤋
You silly, a money order can't bounce. That is one reason they have them.
2006-06-06 16:10:35 · answer #10 · answered by cowgirl_nc_21 2 · 0⤊ 0⤋