How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask R. Klein, EA Your Own Question

R. Klein, EA
R. Klein, EA, Accountant
Category: Finance
Satisfied Customers: 2882
Experience:  Intuit Ask a Tax Expert. QuickBooks Certified Pro Advisor (all editions)
63817126
Type Your Finance Question Here...
R. Klein, EA is online now
A new question is answered every 9 seconds

can a money order be traced to the account into which it is

Customer Question

can a money order be traced to the account into which it is deposited?
Submitted: 2 years ago.
Category: Finance
Expert:  R. Klein, EA replied 2 years ago.

fastfile :

Yes, all deposits can be traced back to the account of deposit because the depositing institution gives the paying institution its ACH info

fastfile :

It is not as easy to trace the purcahser of the MO because a cash purchaser could have gone to the store to buy it.

Customer :

"Yes, all deposits can be traced back to the account of deposit because the depositing institution gives the paying institution its ACH info"

Customer :

you have already lost me hear. What is the depositing institution and what is the paying institution?

Customer :

Suppose my person A buys a draft at their bank with cash and the draft is made out to person B. Person A gives the draft to person B. Person B deposits the draft into their bank account. My current (though weak) understanding is that the paying institution is the bank that prints/gives the draft to person A and the depositing institution in the bank that person B deposits the draft into. Is this correct?

Customer :

If it is correct, then my only remaining question is: how difficult is it for police to do such a trace?

fastfile :

A check or money order is nothing more than a request for a financial institution (bank) to pay another institution. When Person A writes a check or gets a money order, this is a request to send money to Person B's bank where it is cashed.

fastfile :

It is very easy for an investigator to trace back deposited funds if there is evidence of a crime.

fastfile :

If you were defrauded for a few hundred dollars, however, it's not worth the time and effort of the police to do such a seach. You can do your own research if you were the purchaser of the money order. If the deposit is related to a serious crime, such as grand theft or a murder, the police will certainly trace the funds.

Expert:  R. Klein, EA replied 2 years ago.
What Happens Now?

Your chat has ended, but you can still work with your Expert to get an answer to your question if you have not yet received one.

Come back to this page at any time to see additional information from your Expert.  You will also receive an email when your question is updated.  If you want to send a message to your Expert, use the box below.

If you have already received a satisfactory answer to your question, click the Accept button above.  Experts are credited for each accepted answer they provide.
Customer: replied 2 years ago.
how is the trace conducted?
Expert:  R. Klein, EA replied 2 years ago.

I'm not sure what you are asking.

 

Someone calls the bank where the money was paid from and asks where the payment went to. You trace the money back one step at a time. Every transaction has a history.

 

You would have to start with the money order company to find out what bank they paid.

 

What exactly are you trying to accomplish? How large of a transaction are you trying to trace?

 

Customer: replied 2 years ago.
can anyone do a trace like this if they are the one who ordered the money order or does it take some special clearance level like that only the police would have.
Expert:  R. Klein, EA replied 2 years ago.

It depends on the laws in your state regarding banking privacy and it depends on whether the money order company is willing to help. You may need a court order.

 

 

Customer: replied 2 years ago.
what does there need to be a money order company, why can't the bank alone be responsible for the money order?
Expert:  R. Klein, EA replied 2 years ago.

Most banks don't issue their own money orders. Money order companies do that.

 

But, it makes no difference. You have to start the trace at the end of the line. Where ever the money was sent from.

 

It sounds like you need to hire a private investigator to assist you at this point. That would probably be the best option as they have tools and friends that can help you.

 

The answer to your original question is: YES, it can be traced. I am sorry, but I cannot give you exact step-by-step directions on how to do it in this forum.

 

 

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Rakhi Vasavada

    Financial and Legal Consultant

    Satisfied Customers:

    2073
    Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
< Last | Next >
  • http://ww2.justanswer.com/uploads/RA/rakhi.v/2012-7-3_14374_RakhiVasavadaL.64x64.jpeg Rakhi Vasavada's Avatar

    Rakhi Vasavada

    Financial and Legal Consultant

    Satisfied Customers:

    2073
    Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    1890
    More than 5000 online tutoring sessions.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    1755
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg JKCPA's Avatar

    JKCPA

    CPA

    Satisfied Customers:

    838
    Bachelors degree and CPA with Accounting experience.
  • http://ww2.justanswer.com/uploads/starside8/2010-2-16_55433_DSCN1175.JPG Eric's Avatar

    Eric

    Financial Manager

    Satisfied Customers:

    558
    Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.
  • http://ww2.justanswer.com/uploads/FA/fastfile/2011-12-15_23139_Klein2011small.64x64.jpg R. Klein, EA's Avatar

    R. Klein, EA

    Accountant

    Satisfied Customers:

    397
    Intuit Ask a Tax Expert. QuickBooks Certified Pro Advisor (all editions)
  • http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Attorney

    Satisfied Customers:

    324
    NASD Licensed Rep, 1997-2001, Business Attorney