Setting Up and Printing Money Orders: Overview

Helpful Resources

Learn how to issue a money order while posting other transactions.

Overview

CU*BASE makes money orders easy to process and track. Money orders can be created through the Teller Posting system, just like checks drawn on a member's account (Proc Code “C”). The only difference is that Proc CodeM” is used instead. Therefore, anywhere you can cut a member check in the teller system, you can also cut a money order. Other features:

Setting Up Money Orders

Remember that before money orders can be implemented, bank IDs, fees, and terminal and printer hardware must be configured properly. Contact a client service representative if you need to set up your system for handling money orders.

Printing Money Orders: Step by Step

Scenario 1: A member comes in and requests a money order to be drawn against funds already in his account.

  1. From the first teller posting screen, enter the member's Account Base

  2. Choose Process Code Money Order (M).

  3. 4.   Use Enter to proceed to the money order screen. (This is the same screen used to print regular member checks.) Click for more information on completing the fields on that screen.

Scenario 2: A member brings in cash and requests a money order to be created.

1.   The funds must first be deposited into the member's account. Use the Funds In screen as usual to receive the funds, whether via cash, outside check or in-house draft.

3.   Enter the amount to be deposited into the desired account. On the same line, enter “M” into the Proc Code field. DO NOT enter a withdrawal amount for the money order.

4.   Press Post (F5) to post any other portions of the transaction and continue to the money order screen. Click for more information on completing the fields on that screen.

 

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#MoneyOrderOverview.htm