How do money grams and personal checks work.Whats the process after cashing it at the bank.I’m talkin bout money grams/money orders.
How do money grams and personal checks work.Whats the process after cashing it at the bank?
Archived in the category: Personal Checks
Posted by admin on 04 Jul 09 -
One comment for “How do money grams and personal checks work.Whats the process after cashing it at the bank?”
1
Stephanie J
Money gram is when someone goes to a local branch, let’s say Western Union, and gives them cash $. Asks them to send it to you at such and such branch of the same company. You go to that branch almost immediately and withdraw the money.
Money order is when someone goes to a location, gives them cash, and they receive a paper check (Money Order). They can make this out to anyone, it is like real cash, so don’t lose it. The person receiving it is GARAUNTEED of it’s funds. Unlike a personal check, it can not bounce.
Hope this helped.
July 6th, 2009 at 6:10 am
