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Depositing Money Orders w/o Buyer's Signature

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Can money orders be deposited without the buyer's signature? It is my understanding that the signature is an agreement to accept the terms of the money order. So what if it is not signed and gets deposited?

The drawee bank can choose to return the money order unpaid the same as an institution could do if you accept a check without a drawer signature. You can choose to accept the item and the risk or you can refuse it.

First published on 01/15/2017

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