A Money Order is a prepaid negotiable document purchased for the transmission of funds between a payer and a payee. It features proof of purchase and claims or enquiry information printed on the Point-of-Sale (POS) receipt with security features which include: a barcode serial number, polarized ink and a security code which is printed at the time of issue by the POS system and is used to verify the validity when a new Money Order is cashed. Stop payment applies on cases of loss, error or theft.
Cashing a Money Order
A Money Order may be cashed by either the payer (sender) or the payee (to who’s name is reflected in the "Pay To" section of the MO). Customers are required to provide acceptable identification in relation to MO transactions including enquiries. Charge fee applies.
What exactly is a money order and not sure?