how do money orders and cashers checks work?
440054
Money Orders and cashier checks are preferred because they are backed up by the institution that wrote them. The financial institutions only issue them when you have the money in your account or when you paid for it there and then. For example if the bank wrote you a cashier check, they withdraw the money out of your account onto the check. Disadvantage is when you lose the MO and you didn't write who it's made off to. YOU LOST THE MONEY. Someone can write it to themself.
820483
Probably by direct deposit.\nThe money is transferred right into their accounts.
469460
You use a color printer and color copier and then you go to a foriegn country and find some hapless victem (because they are unlikely to know what the real currency looks like)to exchange your fake money with real money.  Then you go to the bank and exchange the money you have with the money you want.  For instance, you don't want to counterfiet dollars. You want to counterfiet yens, yauns and pesos for example.
848612
Qoute:\n\nWhat is the difference between a Cashiers Check and a Certified  Check?\n\nCashiers Check: A check issued in any amount that has to be made payable to a specific party, not cash. It is an official bank check, drawn on the bank.\n\nCertified Check: A check written on the customers account, funds are certified as available and are legal liabilities of the bank. Funds are withdrawn from customers account and placed in a special bank account for payment. Certification transforms the original order to pay into the bank's promise to pay.\n\nend qoute
918196
You can deposit it through your bank's ATM, provided that they offer that service.  However, you may be delaying funds for longer that "normal", depending on your bank's balancing proceedures.\nYour better bet is to drop the check (in an envelope) in the night depository.\nJust make sure, no matter you choose, that you sign the money order, write your account on the item and include a note/deposit slip instructing what you wish to be done with the funds.
1086943
I know you only asked whats a postal order was but I assume you are going to send some money so I've also given a bit more info for you.\nIf you go to a post office and ask for a postal order you will be given some pieces of paper which look like cheques. Depending on the amount that you ask for will depend how many you get. They come in difference amounts and the cashier will have to make up a combination to meet your request. For each one you pay a fee. When you want to use them fill out the name of the person they are going to ie company or individual where indicated, tear off the end receipt and keep that because if anything goes wrong you can prove you were the original owner of the postal orders.\nBankers drafts tend to be very expensive at a tenner a time but are cheaper for large sums of money. Those you get from your bank and are basically the same as postal orders except there is only one and the bank fill out the details for you.\nDo not use any credit forwarding system like western union cos that can create more problems than its worth.
242843
Most facilities only accept Money Orders from the Post office because checks were bouncing too often.\nWithout knowing what prison you're sending it to, I can't tell you exactly how it should be filled out but if you go to the appropriate state forum at http://www.prisontalk.com someone there will be able to tell you the correct way to fill it out and where it should be sent.\nGood luck!
149723
You purchase one at a bank, super market, or other place. There is usually a fee ($3, for example) to buy it. It comes in any amount you wish. It is like a check, in that you write the recipient's name and address on the check. There are 3 copies- one you keep, one the bank keeps and the third one is the check that you mail/give to the recipient. The bank is guaranteeing that the check will be paid when cashed, not you. If the money order is lost, it can usually be replaced (at a fee).
1104685
Not many.....just keep enough cash on you to last you a few days, asit shouldn't take long for your real checks to come in.( I hope you told them to start your checks with the number 1000...some stores also have a policy about not taking checks at all with a number of less than 500 or 1000.)
937797
Wal Mart should be able to validate the money order.\nThere are lottery scams going on where they send you an\nofficial looking money order. You get in trouble if you cash them.\nHope your question is not prompted by this sort of thing.\nIn case it was, this web site explains the scam.\nhttp://www.fsbank.com/privacy_and_security/identity_theft_and_fraud
526012
It works just like a regular check, just ask how they want it made out. A person's name or if it is a small business how they need it made out. They can cash or deposit it just like any other check.
1047171
If you dont have a bank account and you need to send someone a check/ cheque then get a money order. Walmart and local US postal services sell them. You pay a little extra on top of what amount you need it in. Just go there and say you need to buy one and tell them how much you want it for. It is guaranteed money better than a personal check because it can't bounce/ not be valid.
45026
you typically can't buy money orders with a credit card, cash only in my experience
1187336
ITS A  SCAM!!!!\n\nI have worked 3 of these type cases in the last month.  You chash the money order (which isnt any good).  You dont find out that the money order is not good untill you have already sent her the remainder of the money.  Then once the bank finds out that the money order isnt any good, you owe the money and there is nothing the police can do.  \n\nDO NOT CASH THAT MONEY ORDER.  Take all the information you have to the police.  They should send the information to the postal inspector and the FBI.  \n\nAny quesetions please email me
703264
Sometimes paypal starts working.  If you already bought a money order they work similar to a check.  I use western union money orders because they are gaurnteed. Most money orders are.  Just keep the receipt that comes conected to the money order.  It tells you how to get a refund if lost.  Send the money order to where he tells you to send it.  E-mail him and ask where to send the money order.  He probably won't send you the items until he receives the money order though.
595297
w/ proper i.d/i.d's, they will cash the check for you.  Most of the time, they will charge $5.
734263
It depends on the auction.  Some sellers will accept Money orders, cashiers checks, credit cards.  It will say somewhere in the auction what type of payments are accepted by the seller.\nThe most popular ways are Bidpay and Paypal.  The merchant sets up an account with them to collect payments on their behalf.\nWith one of these accounts you can pay with a credit card or have it taken out of your checking account.  Free to sign up.