2007-05-23 12:37:26 · 5 answers · asked by ♥michele♥ 7 in Business & Finance ➔ Personal Finance
that same day...it's essentially money you put on paper...if that makes sense....you're buying a piece of paper for the amount it says...
2007-05-23 12:45:25 · answer #1 · answered by Person 3 · 1⤊ 0⤋
Yes. You can only receive a Money Order by giving the cash. Payment can only be delayed if you are a known good customer and provide some non refundable form of security.
The important thing to remember is if the Money Order is lost; the Cash is lost. The issuer doesn't really care what happens to it. If you are using it to pay a bill, keep the receipt or stub. That is the only way you can confirm it has been paid.
2007-05-24 12:27:00 · answer #2 · answered by Caretaker 7 · 0⤊ 0⤋
The same day, and the money is taken out of your account at that time. If not, you could just sent a check. If the Money order is not cashed then the amount can be returned to your account
2007-05-23 19:45:54 · answer #3 · answered by poppawick 4 · 1⤊ 1⤋
Immediately. The Money Order then becomes the cash.
2007-05-23 19:46:16 · answer #4 · answered by Aileen C 3 · 1⤊ 0⤋
You pay for a money order when you buy it, so if you buy it at the bank using your account, it's deducted that day.
2007-05-23 20:26:42 · answer #5 · answered by Judy 7 · 1⤊ 0⤋