postal order help / expanation

[squidgey]

hi all

could anyone explain postal orders to me ?

where do you cross them? and who signs the recieved /signiture bit the person who has been paid the postal order or the post office cashier?

ive tried loking on the web for postal order explanations but nothing of use been found

any help appreciated thanks

lisa x

[dominoe]

Where it says `Pay` - put the name of the person you are sending it to. Where it says `received` is for that person to sign to say they have had cash in exchange. If you know that it is to be paid into a bank account then just draw two lines across it - then should it go astray, the Post Office will not give cash in exchange. Hope this explains fully.

[squidgey]

if i have recieved a postal order and not signed it and deposited it in my bank account what happens to it then ?

as i deposited one in my account that had two lines across it . I put it in the quick deposit point in my bank but didnt sign anything just filled out a paying in slip .

what will happen to my postal order now will it get deposited in my account .

[dominoe]

You have no problem - it will be credited to your account O.K.

[squidgey]

Thank you :0)

[dominoe]

P.S. When I pay Postal Orders into my account, the bank credit is treated as being available straight away - just like paying cash in. That is you do not have to wait for clearance like you do when paying a cheque in. Cannot, of course guarantee that this applies to your bank, but it should do. Thought I`d mention this as you have not paid them in before and maybe you could do with the cash sooner.