![]() ![]() Money orders were first issued by American Express in 1882 and later became popularized as travelers checks.Ī person who buys a money order will have to fill out the name of the recipient on a form and the amount that the recipient should receive. These instruments are an acceptable form of payment for small debts, both personal and business, and can be purchased for a small service fee from most institutions. Money orders are readily accepted and converted to cash and are often used by people without access to a standard checking account. Like a check, in that the person who purchased the money order may stop payment. The recipient can have it cashed at a local bank or credit union, but may not receive the funds all at once, depending on the institutions policy.Ī money order is a certificate, usually issued by a government or banking institution, that allows the stated payee to receive cash on demand. Moneygram Issuer Drawer Serial Number Of The Moneygram Issuer Drawer By righperzivi1973 Follow | Public
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