Legal Question in Business Law in Virginia
I bought a money order and have the receipt showing I paid by debit card. The receiver has already put it in their account almost 2 months ago. How long do I need to keep the money in my account to cover this debit. Is the money mine after a period of time?
Asked on 1/28/14, 10:15 am
1 Answer from Attorneys
Sean Hanover
Hanover Law
Money Orders
Answer:
When you purchase a money order, the funds are taken immediately. It is for this reason that money orders exist -- to give assurances that the money is really there.
You do not have to keep anything in your account. The amount was already taken.
Do you have a business question or check problem? Give us a ring at 703-402-2723.
Answered on 3/12/14, 8:09 am
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