How to Return Cash Deposits
- 1). Confirm the return transaction. If a person is returning goods to receive a refund of cash paid, they should provide a note identifying the gods returned and the value of they want refunded. If you are returning a cash security deposit, the payee should sign a receipt for the cash returned. A copy of a rental security deposit receipt can be found at Cash Security Deposit (http://www.argentinaconexion.com/admin-documents/cash-securitydeposit.html).
- 2). Choose the cash return option. The most common options are United States Postal Service (USPS) money order or cashier's check. Postal Money Orders can be purchased at any post office location. They can be replaced if they are lost, stolen, or damaged. A cashier's check can be purchased from a bank where you have funds on deposit. Since the bank will debit (reduce) your account for the amount of the cashier's check, and may charge a fee for the service, you will need to have the funds on deposit in the account.
While it is legal to send cash through the mail, the USPS discourages this practice and offers Postal Money Orders as an alternative. There are limits on the amount of cash that can be sent, and if you use the mail the letter should be registered and insured. - 3). Send or deliver the money order or cashier's check. If it is sent, the mail should be registered with a return receipt to the sender. If it is delivered, the person must sign a receipt indicating that he has received the cash.
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