Can I stop payment on a personal money order? How?
I found the following info on your website......
"Personal money orders are money orders that bear the customer's signature. A personal money order is the
equivalent of a one-shot checking account and a bank can allow a customer to place a stop payment on it."
My money order has my signature on it and it is a personal money order. My bank told me they cannot stop payment on it until ninety days after issuing it. Is this true, or is this possibly just their policy?
What you have described fits the definition of a "personal money order." You have a right to stop payment on a personal money order. It looks like your bank is applying rules that would apply to a "bank money order."
Confusion between the stop payment rules that apply to the two different types of money orders is common. Print a copy of that article you found on our website, and take it to the bank and ask whether the bank might allow you to stop payment.
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What you have described fits the definition of a "personal money order." You have a right to stop payment on a personal money order. It looks like your bank is applying rules that would apply to a "bank money order."