Saturday, November 7, 2009

Can you overnight deposit a money order into your bank account?

I have a bank account that I'm bringing current and I was just wondering if you could overnight deposit money orders into your account.
Can you overnight deposit a money order into your bank account?
yes of course. A money order is the same as cash! There are no holds put on it like a check. SO there is no waiting periond for it. All you need to do is depsit it as you would cash! It will be in your account w the same speed as if you were dpositing cash ans it is actually safer then depositing cash if you are doing it in a night drop. This way you actually have a reciept of this cash so there are no descrepencies if the bank tries to claim it was never recieved!
Reply:You can put it in the overnight deposit safe -it is a vault located outside of every bank. Put it in with a deposit slip and in the morning 2 people verify all transactions and it is in your acct. first thing in the morning.
Reply:Yes same as a check
Reply:Yes, but the deposit won't be credited to your account until the following business day--which means some of your outstanding checks may bounce.
Reply:it won't go through to the next buisness day
Reply:Ask your bank but i thank ues
Reply:I do it all the time but banks are different.
Reply:Yes, you can put it into the night deposit box.
Reply:are you talking cash??


my bank lets me instant-deposit from another bank's debit card (or from a friend/family member's debit card).


Takes 2 min for the money to be recorded as 'in my account', by phone.


so in case of emergency, you could give mom or a friend your cash, and have them deposit it w/their debit card. Make sure your bank offers that service.
Reply:I'm not sure what you mean by overnight deposit. I'll assume you mean deposit through an ATM at the bank or their secure deposit drawer.


A money order is just like a check. It will be recorded at the opening of business, and clear for use in the banks usual time frame.





Rev. Steve
Reply:They will take a day or two, to clear, just like a personal check.


They're not treated like cash. because they're have been


bad money orders, just like bad checks.
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