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

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16y ago

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My money-order is out of date what do I do?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


Where is the reference number located at on the money order?

The reference number on a money order is typically located in the upper portion of the document, often near the purchaser's information or in a designated box labeled "Reference Number." It may also be found on the front or back, depending on the issuer. This number is important for tracking and verifying the money order. Always check the specific layout of the money order you have, as it can vary by issuer.


How long does it take for a money order to clear?

A money order typically clears within one to two business days, but it can vary depending on the issuer and the recipient's bank.


What is a money order and how does it work?

A money order is a secure form of payment that is similar to a check. You purchase a money order for a specific amount of money and then it is issued by a financial institution. The recipient can then cash or deposit the money order just like a check. It is a safe way to send money because the funds are guaranteed by the issuer.


Whats the max amount allow on a money order?

Usually $500.00


Can i get a refund on a money order i don't need even if i filled it out?

Yes, you can typically receive a refund on a money order, even if you have filled it out, but the process may vary by issuer. You will need to provide the original money order and possibly complete a refund request form. Keep in mind that some fees may apply, and the refund process can take time. It's best to check with the issuer for their specific policies and procedures.


What should I do with an unused money order?

If you have an unused money order, you can either cash it at the issuing bank or institution, deposit it into your bank account, or return it to the issuer for a refund. Make sure to keep it in a safe place until you decide what to do with it.


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.


Who order a draft to be paid?

The Drawer


Can you cash a money order without a signature on the front?

No, you generally cannot cash a money order without a signature on the front. The signature is crucial as it indicates the payee's endorsement, authorizing the cashing or depositing of the money order. If the money order is unsigned, you may need to sign it in front of the cashing agent or follow specific procedures set by the issuer. Always check with the institution where you plan to cash the money order for their specific requirements.


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.