Can you deposit a money order in a checking account?

Question

I was wondering, because someone is sending me a money order and I wanted to know if I could deposit it into my checking account?

II Oh, it's a good friend of mine that owes me some money that is sending it. She lives in another state.

Answer 1

Yes, generally you can deposit money orders into a checking account. There is a great deal of fraud connected with money orders though and the bank might refuse you unless you have had an account with them for a while and have an average balance equal to or greater than the money order amount. If your friend sends a bank money order rather than one purchased at a convenience store, the chances of acceptance are greater. Reason is - lots of money orders are stolen and there is greater security around bank money orders.

Answer 2

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).

Answer 3

yes you can but be very careful unless its someone you trust because there is a scam going on with fake money orders. they well send you a m.o. and have you deposit it and then send them money and then the m.o. turns out to be no good.

Answer 4

Yes. Money order is the same as cash.

Answer 5

yeah, you can deposit a money order, I've done it before, just deposit it like you would a check.

Answer 6

You, you absolutely can, especially if the money order is made out to you and it is your checking account. handle it like any other check made out to you.

Answer 7

yes you can deposit in your checking account

Answer 8

Of course. As long as it's made out to you. If it isn't have the person giving it to you, t sign the back.

Answer 9

yes as long as they make it out to you
its no different then a check
just that it cannot bounce

Answer 10

yes