What Happens If A Money Order Is Lost In The Mail

Whether you lot received a coin order or bought i to pay someone else, losing information technology doesn't always mean saying good day to your funds.

Here's how to abolish and replace a coin club or become a refund.

Can you cancel a money order?

You can cancel a money order that hasn't been cashed. (If it's already been cashed, skip ahead. ) If you're non sure about your money order's condition, y'all tin track it by calling the issuer's customer service number or using the tracking feature on its website.

How to cancel a money order

Here are the steps to abolish a coin guild.

Pace 1: Contact the issuer , who volition ask you to start the cancellation process by completing a asking form. If information technology was a Postal Service coin lodge, visit a mail function to fill out the class.

Step 2: Provide details  on the request grade, such as the money order's purchase date, location and amount, as well as its tracking number. You lot'll find this information on the money order receipt, which the heir-apparent gets at the fourth dimension of purchase. If y'all don't take the receipt, fill up in as much data as you lot tin.

You might also be asked for the proper name of the person or visitor you were paying and a brief description of how the money gild was lost.

Step iii: Attach a copy of the receipt , if you have it.

Stride 4: Submit the cancellation request grade and pay a fee. Depending on the provider, you don't have to render the form to the same location, or even in person. Some issuers, including Western Marriage, let you email, fax or mail the request.

Observe Bank Cashback Debit

Federally insured by the NCUA

Alliant Credit Marriage Loftier-Rate Checking

Deposits are FDIC Insured

Current Business relationship

Deposits are FDIC Insured

Chime Checking Account

Citi Priority Checking

Fees for canceling a coin gild

Here'southward what some of the larger coin-order issuers charge for a cancellation:

• MoneyGram: $xviii (available at Walmart).

• U.South. Mail: $6.25.

• Western Union: $fifteen if you take your receipt, $thirty if yous don't.

Once the issuer accepts payment, it volition verify your data and research whether the coin lodge was cashed. If all goes well, the issuer volition cancel the former money society and ship a new one. The unabridged procedure varies by issuer, but it often takes about twenty to 30 days if you lot provide a receipt. If not, it can have effectually eight weeks.

Coin club refunds

Instead of receiving a new money social club, you tin can ask for your coin back, usually on the same form. The fees and time to procedure are mostly the aforementioned as if you canceled.

What if the money order was cashed?

If the money order has already been cashed, you probably won't get your cash dorsum or a replacement money social club. But you might still be able to collect.

The provider might requite you a photocopy of the cashed money order. If you call back it was cashed fraudulently, alert your local law enforcement. The re-create could aid regime catch the criminal and make sure the money is returned to you.

To help protect yourself against fraud, write a proper name in the "payee" field as soon as y'all buy the money order and give one only to people or businesses yous trust.

If you receive a money guild, greenbacks it or deposit it in a checking or savings account  before you have a chance to lose it. But if your money social club does disappear, follow these steps for a decent shot at reclaiming your greenbacks.

Source: https://www.nerdwallet.com/article/banking/lost-money-order

Posted by: mcdanielpridn1990.blogspot.com

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