answersLogoWhite

0


Best Answer

"Refer to Maker" on a money order or cashier's check probably means that the location of which the check was drawn upon (such as Western Union, USPS etc) did not verify the item as valid. "Refer to Maker" is in the same fraud category of codes along with insufficient funds, account closed, and invalid signature. The money order itself is most likely invalid because if was not bought through an approved outlet - possibly bought online or second-hand somehow. Money orders stamped "refer to maker" can't be redeposited and another item must be purhased.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: When would a cashier's check be stamped refer maker and returned to payee?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting