Originally posted by jIgG
one more question

when the money order is sent to a company how is it cashed? i mean, when the MO is sent to me I'll show my ID but if it's a company how would they know I actually represent that company?
That depends on how your account and company is setup and your banks procedures.

But to know that you represent that company... unless you're on the bank's paper work for that account, they won't know.

The way our corporation and accounts are setup, we would have to deposit the MO into the account and write a check/withdrawal chit in that amount to get the money out. That's a bank rule based on the type of accounts we opened.

Some banks will cash the money order if the company account is a DBA account. These typical work like personal accounts, but again depends on the bank and the type of accounts they have.

Best bet is to go to the bank and ask. I work with three different banks and some of there rules differ slighty.

GA