Filling out a money order completely with the recipient s full name and address makes it difficult but not impossible for a criminal to cash it. If you purchased the money order at a united states post office you must fill out a form at your local post office to start the stop payment and replacement process.
If the money order is signed bythe bank and drawn on the bank it is the legal equivalent of a cashier scheck.
How to stop payment on a money order. Bring identification and any information you have about the money order to start the process. When you contact the issuer of the money order to request a cancellation they ll check to see if it has already been cashed. You can stop payment on the money order but you likely need to fill out and sign a form to do it.
To do so either fill out a form or take the money order back to the place you originally bought it. You may need to present identification or to have id on file with the bank. With most money order issuers including usps western union and moneygram you can cancel the payment.
There is a stop payment fee. There is no fee for placing stop payments on lost or stolen blank checks. Nor does it occur as quickly.
Just be certain that your system if the checks are drawn on an account in your bank is capable of alerting tellers and back office personnel to a stop and that tellers are instructed to key in the check serial number when attempting to cash money orders. You have to fill out a request form asking for a refund send it by mail and pay a 15 or 30 fee depending on whether or not you have a copy of the money order and the original receipt. Contact the financial institution that issued the money order and fill out any required paperwork.
Postal service will add your money order to a list of missing money orders to prevent it from being cashed. Placing a stop payment order does not release you from any contractual agreements. Abank should generally not put stop payments on these items.
Typically you need to provide information about yourself such as your name and address along with details about the money order. You will generally have to pay some sort of fee to have the money order replaced and usually fill out a form. For fee information for your account please refer to your consumer account fee and information schedule or call us at 1 800 to wells 1 800 869 3557.
If you have pertinent information like the money order serial number the amount and the payee and the money order hasn t been cashed yet a moneygram representative may be able to issue a stop payment. You can place a stop payment on a money order in much the same way as you would stop payment on a personal check. Call moneygram s customer service at 1 800 542 3590 to request a stop payment for your moneygram.
If the money order has been cashed. If it s signed by the bank but drawn on an account maintained by thebank at another institution it is the legal equivalent of a teller s check. Money orders are fully funded at the time of purchase so stopping payment isn t always as easy as performing that action on a personal check.