Does a Money Order Have to be Signed?
by John Burnett, BOL Guru
Question: Is the purchaser's signature required on a money order being presented for deposit? The person presenting the money order is not the purchaser.
Answer: I can think of a number of reasons a purchaser might not sign a money order -- and some of those reasons are pretty innocent (such as wanting to make an anonymous gift/donation or just forgetting to sign it). I can't think of any reason your bank should be concerned that its MO hasn't been signed if you can verify the check is otherwise legitimate.
First published on BankersOnline.com 5/2/05
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