Can money orders bounce?

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.

author avatar
Michael Solomich

If you want more money tips...

Join us and stay up to date on all current offers and tips!

By clicking on ‘SIGN ME UP’, you agree to our Terms of Use & Privacy Policy

Other Posts You May Enjoy:

What is a hard money lender?

Are you a student looking for the perfect credit card option? The Stanford Federal Credit Union Student Visa Credit Card has all of your needs