2006-10-03 05:04:06 · 6 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Just like regular currency, certified money orders can, and are counterfeited. Postal Money Orders, and others, are certified, in that you have to use cash to purchase one.
2006-10-03 05:12:20 · answer #1 · answered by echiasso 3 · 0⤊ 0⤋
Yes, a ceritified money order is drawn from a bank and the bank guarantees the money order to be good.
Sorry, but all money orders are not certified. Western Union or your local Post Office are not certified.
2006-10-03 12:06:41 · answer #2 · answered by Jeff C 2 · 0⤊ 1⤋
Certified money orders ALSO come from post offices... or some anyway,.... I cannot speak for ALL post offices. They work just like a check to the recipient...they can cash it at ANY bank.
2006-10-03 12:12:58 · answer #3 · answered by Kitty 6 · 0⤊ 0⤋
There are alot of Certified Money Order scams going around right now. My company got ripped off of over $3600 on certified Money orders. They are hanging on the wall behind me, and are worth nothing. Beware.
2006-10-03 12:08:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
All money orders are "certified" and are just like cash. Anyone can pick one up and cash it for money. No ID required.
2006-10-03 12:06:20 · answer #5 · answered by Katie G 2 · 0⤊ 0⤋
yes, you can get them from banks, credit unions and other places.
Basically it is like a check, but it guaranteed to be good by the instituion, meaning it won't bounce
2006-10-03 12:07:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋