I have never dealt with a money order before, but I recieved a MoneyGram one as a birthday gift. Do I sign the back as I would an ordinary check, and deposit it into my checking account as I would an ordinary check?
2006-06-21 06:22:35 · 13 answers · asked by lovehavok 4 in Business & Finance ➔ Personal Finance
The difference a money order is considered cash, so yes you can sign and deposit it, but you shouldn't have to wait for the funds to clear.
2006-06-21 06:25:46 · answer #1 · answered by danglinaround 2 · 2⤊ 2⤋
I have just signed the back and deposited it, just treat it like a normal check. It is a check really, for people who want to sent a "secured" check or maybe don't even have a checking account.
2006-06-21 06:33:55 · answer #2 · answered by Baby Girl 1 · 0⤊ 0⤋
Yes, a money order is as good as cash, but with a number to cancel it if it gets lost. The bank should not even hold the funds like they do with checks (although some will).
2016-05-20 09:07:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes. I work at a bank. You just add the amount to the Money Order on your deposit slip with the rest of your checks and then just deposit it.. SIMPLE
2006-06-21 06:27:16 · answer #4 · answered by Hitzumaru 2 · 0⤊ 0⤋
Pretty much. There's probably a spot on the back where you should sign. Then deposit to your account. The bank will go about "collecting" the funds.
2006-06-21 06:26:57 · answer #5 · answered by aboukir200 5 · 0⤊ 0⤋
Yes you do treat it the same as a personal check. The only difference from a personal check is the bank will not put a hold on it as the do with checks that are not drawn on thier bank.
2006-06-21 06:26:39 · answer #6 · answered by lyon_char 1 · 0⤊ 0⤋
Yes.
2006-06-21 08:15:38 · answer #7 · answered by Minderaser 1 · 0⤊ 0⤋
yes its just like a check.
2006-06-21 06:24:39 · answer #8 · answered by jenniferscott1974 3 · 0⤊ 0⤋
Exactly right. Happy birthday!
2006-06-21 06:24:51 · answer #9 · answered by redunicorn 7 · 0⤊ 0⤋
Yep, that is right. Happy Birthday BTW!!!
2006-06-21 06:25:57 · answer #10 · answered by lookn_4_laffs 5 · 0⤊ 0⤋