Can money orders bounce?

Michael Solomich
September 29, 2022
5:07 pm

No, money orders cannot bounce. When you purchase a money order, the issuer guarantees payment of the face value of the money order. This means that as long as the recipient cashes the money order within its validity period, they will receive the full value of the money order. However, if the money order is lost or stolen, you may be out of luck. That’s why it’s important to keep your money order receipts safe until you know the money order has been cashed. To avoid any problems, make sure you only purchase money orders from reputable issuers.

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