The ability to stop a money order depends on the policy of the store or bank that issued the money order. Rules vary depending on the establishment, and the purchaser may face a large fee to cancel the payment and receive a refund.Continue Reading
Read all print available on the duplicate copy of the money order or the receipt from the provider. In cases that involve fraud, the purchaser may be able to file forms that make it impossible or more difficult for the recipient to cash a money order. Businesses that sell money orders must report transactions or patterns that are suspicious to the federal government, according to the Financial Crimes Enforcement Network, which does provide some further protection for consumers.
After a certain amount of time, uncashed money orders can be processed for a refund. In most cases, companies don't provide such protections, making money orders a risky way to remit payment. Another payment option to consider is a money transfer, which can be stopped.Learn more about Personal Banking
Union Bank customers can register their accounts through the Union Bank website in order to view them online and link them to online payment services. The process demands only that customers provide their account numbers and Social Security numbers along with typical contact information.Full Answer >
In banking, a pay order is a rough negotiable draft that instructs a bank to pay a certain sum of money to a third party that may or may not be involved with the bank. A bank pay order is similar to a check, but it is negotiable unlike a check.Full Answer >
An Avista utility bill can be paid online, in person, by phone or through the mail using various forms of payment methods, such as credit card, debit card, checking or savings account, cash or money order. One-time payments and automatic payments can be set up through the customers bank.Full Answer >
An international money order is an option of payment that is considered guaranteed funds redeemable in the United States and in many foreign countries. According to the U.S. Postal Service, its money orders never expire and can be cashed at banks or financial institutions in 29 countries.Full Answer >