answersLogoWhite

0

Whats is money order issuer or drawer?

Updated: 9/14/2023
User Avatar

Wiki User

15y ago

Best Answer

The issuer of the order is the drawer, while the drawee is the person whom the drawer "pays to the order of" (Order receiver).

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Whats is money order issuer or drawer?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Track money order?

Contact the issuer of the money order and ask for them to trace the money order with the number that is on carbon copy or stub that came with the money order. the trace should tell you when and where the money order was cashed.


My money-order is out of date what do I do?

Take it back to issuer they should be able to void it out and simply replace


What do you do if a money order is stolen?

If it was a USPS money order then you will need to fill Form 6401 at a Post office and pay a fee of $5.40. After the USPS completes a payment inquiry on the status of the money order, a replacement can be issued. Depending on your circumstances you might also want to file a police report. If the money order is from a private issuer or another government then you will need to contact them to find out their procedure.


How do you fill out a moneygram money order from WF national bank?

1. Pay To the Order Of: Name of the individual/organization to whom the money order is payable2. Purchaser, Signer for Drawer: Signature of the purchaser of the money order3. Address: Address of the purchaser of the money order4. Detach stub: Only remove the detachable receipt stub. Paymaster money order receipts are can be found on yellow tissue, which can be removed from the back of the money order. DeltaWorks money order receipts are on a detachable side stub. Purchasers should retain the money order number and receipt stub for their records. This number is required for tracking purposes.Note: Date the money order is issued. If the money order is not used or cashed within one (1) year of the date of purchase (three (3) years if the money order is purchased in California), a non-refundable service charge will be assessed (where permitted by law) pursuant to the SERVICE CHARGE AGREEMENT printed on the back of the MoneyGram Money Order.


Can a drawee to a bill of exchange be the payee?

No,drawee is the person upon whom the bill the exchange is drawn. in general debtor is the drawee.drawer is the peson who sold the goods on credit. drawer make the bill of exchange upon the debtor.payee is the peson to whom the drawee make the payment according to the condition mention in the bill.drawer and payee may be the same person or different if the has been endorse to the creditor or discounted from the bank.___________________________________________________________________BILLS OF EXCHANGE IS AN INSTRUMENT IN WRITING,CONTAINING AN UNCODITIONAL ORDER,SIGN BY THE MAKER/DRAWER,DIRECTIONG A PERSON TO PAY A CERTAIN AMOUNT OF MONEY ONLY TO , OR TO THE ORDER OF A CERTAIN PERSON OR THE BEARER OF THE INSTRUMENT.IT IS GENERALLY DRAWN UPON A DEBTOR BY THE CREDITOR.THE DEBTOR HAS TO PAY THYE MONEY AFTER A FIXED DURATION OF TIME ONLY WHICH IS KNOWN AS MATURITY OF BILL.THREE PARTIES ARE INVOLVE IN THISONE IS THE DRAWER OR THE MAKER/SELLER OF THE BILL OF EXCHANGE WHO DRAW THE BILO UPON HIS DEBTOR.SECOND IS THE DRAWEE OR DEBTOR/PURCHASER UPON WHOM THE BILL OF EXCHANGE IS DRAWN.THIRD THE PAYEE THE PERSON TO WHOM THE PAYMENT HAS TO BE MADE.IF THE DRAWER KEEP THE BILL TILL THE MATURITY AND RECEIVE THE PAYMENT FROM THE DRAWEE HE HIMSELF IS THE PAYEE.PAYEE AND DRAWER ARE DIFFERENT IF1 THE DRAWER DISCOUNT THE BILL FROM HIS BANK(MEANS THAT IF THE BELL HAS BEEN DRAWN FOR THREE MONTHS AND THE DRAWER NEED THE MONEY IN BETWEEN HE MAY ENCASH THE BILL FROM THE BANK. BANK AFTER DEDUCTING SOME INTEREST GIVE THE REMAING AMOUNT TO THE DRAWER) OR2 DRAWER TRANSFER THE BILL TO HIS CREDITOR WHICH IS KNOWN AS ENDORSMENT OF BILL.IN CASE OF ANY OR BOTH OF THE ABOVE CONDITION THE PAYEE AND THE DRAWER ARE DIFFERNT EITHER THE BANK OR CREDITOR TO WHOM THE DRAWEE HAS TO MAKE THE PAYEMENT

Related questions

Track money order?

Contact the issuer of the money order and ask for them to trace the money order with the number that is on carbon copy or stub that came with the money order. the trace should tell you when and where the money order was cashed.


My money-order is out of date what do I do?

Take it back to issuer they should be able to void it out and simply replace


Whats the max amount allow on a money order?

Usually $500.00


What kind of legal entity is an issuer?

An issuer is a legal entity that can be corporations, domestic or foreign governments, or investments trusts. An issuer develops and sells securities in order to finance its operations.


How do you stop payment on a money order?

To stop payment on a money order, you will typically need to contact the issuer, such as the bank or institution where you purchased the money order. They will guide you through the process and may require you to fill out a form and pay a fee. It's important to act quickly to increase the chances of stopping the payment successfully.


Who order a draft to be paid?

The Drawer


What do you do if a money order is stolen?

If it was a USPS money order then you will need to fill Form 6401 at a Post office and pay a fee of $5.40. After the USPS completes a payment inquiry on the status of the money order, a replacement can be issued. Depending on your circumstances you might also want to file a police report. If the money order is from a private issuer or another government then you will need to contact them to find out their procedure.


What is a counting order?

whats counting order


How do you fill out a moneygram money order from WF national bank?

1. Pay To the Order Of: Name of the individual/organization to whom the money order is payable2. Purchaser, Signer for Drawer: Signature of the purchaser of the money order3. Address: Address of the purchaser of the money order4. Detach stub: Only remove the detachable receipt stub. Paymaster money order receipts are can be found on yellow tissue, which can be removed from the back of the money order. DeltaWorks money order receipts are on a detachable side stub. Purchasers should retain the money order number and receipt stub for their records. This number is required for tracking purposes.Note: Date the money order is issued. If the money order is not used or cashed within one (1) year of the date of purchase (three (3) years if the money order is purchased in California), a non-refundable service charge will be assessed (where permitted by law) pursuant to the SERVICE CHARGE AGREEMENT printed on the back of the MoneyGram Money Order.


Where can I purchase a keyboard drawer?

Some desks come with the keyboard drawers already built in to them. You may be able to order just the drawer, and sliders, but then you would be responsible for the entire installation.


There are six pairs of black gloves and six pairs of brown gloves in a drawer In complete darkness how many gloves must you take from the drawer in order to be sure to get a pair that match?

3


Whats the order of the fan rankings for the new moon Volvo games?

Whats the order of the fan rankings for the new moon Volvo games?