Drafts and transfers (postal and telegraphic)
The company Correo Argentino offers this Payment Instrument, which is adapted to the provisions related to the characteristics of the compensable payment instruments issued by financial institutions.
The postal administration has an account at the BCRA for final settlement. The Post Office also operates in the payment system through the COELSA Electronic Clearing Chamber.
The grounds for rejection used by the Post Office in case of rejecting your money orders are the following:
• Order of Non-Payment
• Wrong amount, for differences in the Amount of the draft
• Duplicate transaction, in the case of a draft already paid
• Wrong document number
• Wrong Zip Code
• Expired date