How to Stop Pay on a Money Order

A money order is a common way to make payments. It is often requested by businesses in place of a check because there's little chance that a money order will bounce due to insufficient funds. As the buyer, you can still place a stop on a money order in some cases. For example, if months have gone by and the recipient still hasn't cashed it, the money order could be lost. In any case, make sure you inform the recipient of the money order if you choose to stop payment as a courtesy.

Instructions

1. Retrieve the money order stub that lists the money order number, amount and issuer name.

2. Contact the money order issuer by phone (look for an 800 number on the stub) to explain your situation. Ask for a status on the money order if you have not already done so. The issuer can tell you if the money order was cashed or is still pending --- if cashed you cannot stop payment at that point.

3. Request a stop payment on the money order and state the reason for your decision. Fax or mail the issuer a copy of your stub. Understand that the money order issuer may charge a fee for this convenience.

4. Receive the value of your money order (less service fees) in the mail. Some issuers may allow you to retrieve the balance in person at the same location where you purchased the money order.

References

• MSN Money: Stop Payment on a Check? It'll Cost You