Money order help

MasterClass

MasterClass

AzB Silver Member
Silver Member
Hello eveyone

I was trying to cash in a Money Order that i received for a buyer.

First i went to Western Union from which the money order was issued( issued in the USA. I am in Singapore) but was told that they do not accept it here. They say that only banks will accept it.

So I went on to a bank to cash it in and was told that it will take 21 days to clear. Ok. That was fine. However 2 weeks later the money order check was sent back to me as it was rejected. The reason stated was that payee name was not on it.

Can any one tell me if this money order check is good? Or perhaps i am doing something wrong?

Advice or experiences is much appreciated.
 
have you shipped ?

Assuming the money order was payment for an item. Have you sent that item to the buyer already, and if so did you get signature confirmation?

1. What is a money order?

A money order is a Western Union branded check. Money orders can be used to pay bills, or purchase goods or services. Western Union branded money orders are issued by Integrated Payment Systems Inc., a Western Union affiliate.

From Western Union Site

3 .Where can I cash a money order?

Money orders are intended for use in the United States and may be deposited into bank accounts. They may also be cashed at check-cashers, banks and retailers, subject to the policies of the cashing location.

========================

So, you see the person who sent the money order sent an paper instrument that is only used in the U.S.

If you haven't shipped, I wouldn't.

Send the money order back to him and request he send payment via electronic money order through Western Union. It will cost him more, but, he messed up.
 
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our_auctionguy said:
Assumpuming the money order was payment for an item. Have you sent that item to the buyer already, and if so did you get signature confirmation?
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No I have not as I am some what overly cautious when it comes to this sort of things. I did inform the buyer that i will send the item when the bank clears the check.
 
send the money order back to him and either cancel the deal or wait for electronic Western Union payment you will be able to get at the local office minus exchange rate fees.
 
Hello in Singapore!

M C,
You are the payee. Your name should be in the blank. You can fill it in. Then you can cash it by signing or endorsing the money order.. That money order should be returnable. It will have to be insured because it was paid for with cash.
Good Luck,
Nick :)
 
I doubt it is of any real help, but the few times I've ordered things from overseas... I've always purchased with an international money order. I just go to a bank/or anywhere else that may sell them - used to get them from a local pharmacy before it went out of business. Always cashed without questions i assume, as the merchandise was never sent until the payment was received and I always received my stuff. Note, the seller specifically requested international money orders.

Just a heads up to those doing international business in the future. Probably cheaper than doing an electronic transfer internationally... but there may be a cap on how much you can get an international money order for... may have to get several depending on the cost of item being purchased.
 
thedude said:
I doubt it is of any real help, but the few times I've ordered things from overseas... I've always purchased with an international money order. I just go to a bank/or anywhere else that may sell them - used to get them from a local pharmacy before it went out of business. Always cashed without questions i assume, as the merchandise was never sent until the payment was received and I always received my stuff. Note, the seller specifically requested international money orders.

Just a heads up to those doing international business in the future. Probably cheaper than doing an electronic transfer internationally... but there may be a cap on how much you can get an international money order for... may have to get several depending on the cost of item being purchased.
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I believe E moneygram does it,you can actually got to Walmart and transfer cash from one Walmart to the next.
 
Erm..... So i can't just shred it or throw it away?

If I send it back to the guy who issue it he can actually get it refunded?
 
MasterClass said:
Erm..... So i can't just shred it or throw it away?

If I send it back to the guy who issue it he can actually get it refunded?
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As long as you do not fill in the payee or anything, he can make it out to himself or his bank and still deposit or cash it. Otherwise he has to go through a refund process to get it refunded, which can be a delay.

Make sure he knows you are sending it back because it can nly be cashed in the United States. He should hve kept his copy of the receipt proving he bought the money order.
 
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if you like and would be acceptable to you, you can sent it to me. i will tr to cash it for you and send you the money by tt (wire).

to my understanding, it should not be difficult to get your funds. but if you need my help, i will be happy to try and help.

miles
 
I think you're missing the point here. The bank only rejected it because there was no Payee name filled in. Fill in your name as the payee and re-submit it to the bank. It's just like a check, and if they had an issue with accepting it, they would have told you that the first time. The only reason that the cash isn't in your pocket already is that it wasn't completely filled out. By the way, you're lucky it wasn't stolen from you by someone else writing in their own name.

Just cash it again. Ka' ching!
 
i had this same exact problem with a western union money order a few months back, used to i would just take it down the street to the grocery store that had western union and they'd cash it, but now they said they do not cash western union money orders(go figure) this must be some policy change within the past 2 years, so i take it to my bank and know they'll cash it but wait the buyer forgot to fill it out. so i took it to 2 banks and still didn't get it cashed, i didn't wanna sign it at the bank and then try an cash it so i just filled it out and returned the next day an they cashed it

what u should do is inform the buyer that he didn't fill it out but u can fill it out and cash it or just return it back to him but i'd also let him know how long he'll have to wait b4 it clears, then let them decide what they want u to do with their $, i strive for repeat buyers but if u don't then it's really up to u and not the buyer, in the future ask ahead of time what exact payment method they'll be using and try to avoid w/u m/o's
________
 
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RDCustomCues said:
I agree send it back have funds transferred electronically or via some service like paypal
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goodpost.gif
 
Based on my experience from living in Japan, the 21 day wait is pretty much unavoidable. However, you're other problem.........................I'm pretty sure your check is good, you just have to put your name in the payee section. The guy sent you an open money order, which means it's good for cash to anybody that is designated in the payee section. Which also means, if it falls into anybodys hands, all they have to do is to fill their name out in the payee section, and they can cash it in their name. The wait part is something I experienced in Japan too. I was told that the bank has to send the check back to the United States, most likely the place that issued the check, confirm that it is good, and then they will give you your money. In my case, they would deposit the money into my account in the local currency, and sometimes even charge me for a currency charge (US Funds to local funds).
But in answer to your question, yes, you probably have a good check, but they take time to cash overseas.
dave
 
Fast Lenny said:
I believe E moneygram does it,you can actually got to Walmart and transfer cash from one Walmart to the next.
Click to expand...

Who knew it was so easy?! I looked at WalMart's website and failed to find a Singapore location. Perhaps you know something special?!:eek: :D
 
Mr Hoppe said:
I think you're missing the point here. The bank only rejected it because there was no Payee name filled in. Fill in your name as the payee and re-submit it to the bank. It's just like a check, and if they had an issue with accepting it, they would have told you that the first time. The only reason that the cash isn't in your pocket already is that it wasn't completely filled out. By the way, you're lucky it wasn't stolen from you by someone else writing in their own name.

Just cash it again. Ka' ching!
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I did ask them if i could write my name down but they said no. I was at the bank with the check that day and together with my identification papers they wrote my name and account number on the back of that check. It was also verified by the bank manager. The they told me it will take 21 days to clear. But 2 days ago i got a registered mail with the check saying it was rejected.

Usually before a transaction i will try to sound out the other party. If anything is amiss i will drop the transaction. But i found no cause for concern in this case besides some delay in sending the payment initially and the buyer sounds sincere. So i will probably send the check back but i would like to find out whats wrong so that maybe others can learn from the mistake.

I made several calls to the bank already and the manager has responded and say that they will find out what went wrong. The scary part is that they dun seems to know either! But they conceded that they accepted the check in the first place and were rather apologetic so I accepted their proposal to investigate.

Thats the story so far. I think if something so small like this cannot be settled by the bank then our country is doomed as our dream of becoming a regional financial hub would be utter rubbish!!
 
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