BankingQuestions.com - Paying Mortgage with Money Order

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Paying Mortgage with Money Order

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Do banks keep copies of money orders if someone pays a mortgage with a money order instead of a check?

Banks may "film and file" all payments for various accounting reasons. In most cases they are not required to do so and we haven't seen money orders handled separately in any case.

Published on BankingQuestions.com 3/11/10

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