How To Fill Out A Money Order? - [] 2024: CLT Livre

How To Fill Out A Money Order?

How To Fill Out A Money Order

Do I write my name on money order?

How to Fill Out a Money Order – Filling out a money order is a straightforward step-by-step process. Just follow these instructions and you’ll be ready to send your money.

  1. Amount: When you purchase your money order, you have to specify the amount you’re sending. The clerk will printed that amount on the order. You don’t have to write the amount of the money order in, but you should make sure it’s correct.
  2. Payee: The first line of the money order usually reads “Pay to the order of” or “Pay to.” Here, write the name of the person or business you’ll send the order to. If you’re not sure what to write, it’s best to ask the payee to avoid any mistake. The order needs to have the correct name, just like on a check, so the payee can successfully cash it.
  3. Purchaser: The next section requires the purchaser’s information – that’s you! Write your full name and address. This clarifies for the recipient who the money order is from. Plus, your address provides your contact information in case there is an issue with the payment.
  4. Memo: Money orders typically include a “Memo,” “Re:” or “Payment For” line. This is where you should write what the money is for. It helps to include other necessary information, like an account number or order number. This line is important for both the recipient and your own record-keeping, especially if you are paying a business.
  5. Signature: Before you send it off, be sure to sign the front of the money order. Take care not to sign the back, since this is where the recipient will need to sign.
  6. Keep Your Receipt: The money order will have a detachable receipt portion. This proof of purchase will allow you to track the money order and ensure when it is cashed by the recipient. It also comes in handy in the event the order is lost or stolen, so be sure to keep it in a safe place.

Do I put my address on a money order?

You are the purchaser and so you should write your current mailing address. Some money orders may use the words From, Sender, Issuer, Remitter, or Drawer. Putting your address allows the recipient (wherever they deposit the money order) to contact you if they want to confirm that it’s real or if there is an issue.

What do I write on a sender for a money order?

How to Fill Out a Money Order Step-by-Step MORE LIKE THIS Steps to fill out a money order: Quick summary Follow these five simple steps for filling out a money order:

  • Fill in the recipient’s name.
  • Write your address in the purchaser section.
  • Include your account number if you’re paying a bill.
  • Sign where it says “purchaser’s signature.”

Figuring out how to write a money order can be confusing, but it’s essential that you do it correctly. By following these five steps, you can make sure your funds are delivered to the right person or business. Write the name of the person or business that will receive the money order on the line that starts with “Pay to the Order Of.” The recipient will be the only person or company authorized to deposit or cash the money order.

It’s a good idea to fill out this section as soon as possible to make sure it doesn’t fall into the wrong hands, and make sure to spell the name correctly so your recipient will have no problem cashing it. » Everything you need to know about You’re the purchaser, so your information goes in this section, which might also be labeled “from,” “remitter” or “sender.” This is required so the recipient knows how to contact you if there are questions or issues with the payment.

Sometimes your full name is also required. Some money orders have a “payment for/account number” field. If you’re paying a utility bill, for example, include your utility department account number (which you should be able to find on your bill) in this field. SoFi Checking and Savings APY 4.50% SoFi members with direct deposit activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum direct deposit amount required to qualify for the 4.50% APY for savings.

SoFi members with Qualifying Deposits can earn 4.50% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that are equal to or greater than $5,000 every 30 days. Members without either Direct Deposit or Qualifying Deposits will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.

Interest rates are variable and subject to change at any time. These rates are current as of 8/2/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. Citizens Access Savings Min. balance for APY $0.01 CIT Bank Platinum Savings Min. balance for APY $5,000 Deposits are FDIC Insured BMO Alto Online Savings Account These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions. These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. on Wealthfront’s website Wealthfront Cash Account on Betterment’s website Betterment Cash Reserve – Paid non-client promotion APY 5.50% *Base annual percentage yield (variable) is 4.75% as of 7/31/23.5.50% APY reflects a,75% boost available as a special offer with qualifying deposit. Terms apply. Cash Reserve is only available to clients of Betterment LLC, which is not a bank, and cash transfers to program banks are conducted through clients’ brokerage accounts at Betterment Securities.

CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts. CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.

Deposits are FDIC Insured BMO Alto Certificate of Deposit Checking accounts are used for day-to-day cash deposits and withdrawals. Checking accounts are used for day-to-day cash deposits and withdrawals. SoFi Checking and Savings APY 0.50% SoFi members with direct deposit activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances.

  1. There is no minimum direct deposit amount required to qualify for the 4.50% APY for savings.
  2. SoFi members with Qualifying Deposits can earn 4.50% APY on savings balances (including Vaults) and 0.50% APY on checking balances.
  3. Qualifying Deposits means one or more deposits that are equal to or greater than $5,000 every 30 days.

Members without either Direct Deposit or Qualifying Deposits will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 8/2/2023.

  • There is no minimum balance requirement.
  • Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
  • Capital One 360 Checking Discover Cashback Debit Deposits are FDIC Insured Chime Checking Account Money market accounts pay rates similar to savings accounts and have some checking features.

Money market accounts pay rates similar to savings accounts and have some checking features. UFB High Yield Money Market Discover Bank Money Market Account Your receipt will come as a detachable part of the money order you just filled out. You might also receive a separate receipt from the cashier when you buy the money order.

Keep your receipt as your proof of payment and store it in a safe place. If you or make a mistake filling it out, you may be able to cancel it and get your money back if you take certain steps. The receipt will provide helpful information in such a situation. When you know how to fill out a money order correctly, you have a good option for transferring money.

Unlike from a personal bank account or handing over cash, a money order gives you proof of payment and assures the recipient that the funds are guaranteed. Frequently asked questions Whose address do you put on a money order? If you’re sending a money order, you’ll need to put your own address in the purchaser section.

  1. Fill in the recipient’s name.
  2. Write your address in the purchaser section.
  3. Include your account number if you’re paying a bill.
  4. Sign where it says “purchaser’s signature.”

Whose address do you put on a money order? If you’re sending a money order, you’ll need to put your own address in the purchaser section. This section might be labeled “from,” “remitter” or “sender” rather than “purchaser.” What are the steps for how to fill out a MoneyGram money order? To — including a MoneyGram money order, a Western Union money order or a Chase money order — follow five simple steps:

  1. Fill in the recipient’s name.
  2. Write your address in the purchaser section.
  3. Include your account number if you’re paying a bill.
  4. Sign where it says “purchaser’s signature.”
  5. Keep your receipt.

You’re following Margarette Burnette Visit your page to see all the writers you’re following. new Follow for more nerdy know-how Keep up with your favorite financial topics on NerdWallet. Margarette is a NerdWallet authority on savings. Her work has been featured in USA Today and The Associated Press. : How to Fill Out a Money Order Step-by-Step

Can you leave a money order blank?

How to Fill out a Money Order – When purchasing a money order, you’ll need to follow certain steps:

Purchase the money order. Make sure to have enough cash or come with other acceptable payment methods like a debit card to cover the cost of the money order, as well as any associated fees. Fill in the recipient information: On the “Pay to the Order Of” line, write the name of the person or company that will receive the money order. Make sure to spell the name correctly, as you won’t be able to make any changes once the money order is processed, and errors could delay payment. Fill in the purchaser information: On the “From” or “Sender” line, write your name and address. This is important in case there are any issues with the money order, as the recipient or issuing institution may need to contact you. Add a memo: Some money orders have a space for a memo or reference number. If you need to include any additional information, such as an account number or invoice number, you can write it in this space. You can also choose to leave it blank. Sign the money order: Sign your name on the signature line, which is usually located on the front of the money order. Detach the receipt: Tear off the receipt along the perforated edge, and keep it in a safe place. This will serve as proof of purchase and may be needed if there are any issues. The receipt may also include tracking information so you can see when the recipient deposits the money. Send or deliver the money order: You can send the money order by mail or deliver it in person to the recipient. Make sure to keep any tracking or delivery confirmation information until you know it’s been received and cashed.

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What if I write the wrong name on a money order?

Making a Mistake on Money Order – Unfortunately, filling out a money order with the wrong information is not easily forgiven. Once a money order has been completed, you generally won’t have the opportunity to correct the information provided. Many money order providers and cashiers won’t let you correct the mistake yourself.

Where do you put your name on a money order?

4. Purchaser’s signature – You—the purchaser—sign the line on the front of the money order. The endorsement line on the back of the document is for the recipient to sign before cashing it. Once you’ve filled out the money order, you can give or send it to the intended recipient.

They should be able to cash or deposit it at their bank. And if that’s not an option, they may also be able to cash the money order with the company that issued it. A check-cashing service may charge a fee. Make sure to keep your receipt, as it has a tracking number that can be used if the money order gets lost.

It can also be used to cancel the money order if necessary. : How to Fill Out a Money Order | Capital One

Does a money order have your bank info on it?

What Is a Money Order? How a Money Order Works and Where to Buy One

A money order is a safe alternative to cash or a personal check; it works like a check so you can cash it or deposit it into a bank account. When using cash or personal checks puts you at risk, or they aren’t accepted for payment, you can use a money order instead. You can use cash or a debit card to buy money orders at the post office, Walmart, Western Union and other places.

A money order is a piece of paper that’s a safe alternative to cash or personal checks. You specify who will receive the money order, and both you and that person must sign it for it to be valid, which cuts down on theft. When you buy, you pay the value of the money order plus any issuing fees.

  1. They’re available at U.S.
  2. Post offices, Walmart, Western Union, banks and other places.
  3. Many have a $1,000 limit, including those that you purchase at banks.
  4. Generally, you must pay for money orders with cash or debit card.
  5. A money order is a good option for sending money if you don’t have a bank account or don’t want to share your banking information with the recipient.

There are advantages and disadvantages to using a money order. Consider these pros and cons before you use one.

No bank account is required to send or receive a money order. Money orders are widely available.

Once a money order is cashed (or lost), it can be difficult if not impossible to get your money back, even if it was due to a scam or fraud.

Know how and who you’ll pay: Be prepared with cash or a debit card, the name of the payee and the amount you want to send. Paying with a credit card might be possible, but will usually cost extra, generally as later charges on your credit card bill. Fill it out: In addition to the payee’s name, you’ll need to add your name (and maybe your address) and sign the money order. (For step-by-step instructions, check out NerdWallet’s guide on,) Be careful to ensure that everything is accurate because you won’t be able to change the information afterward. Keep the receipt: The receipt will be a carbon copy of the money order or a paper slip recording the information entered on the money order. You may need it to track your money order or contact the place where you got it. Track your money order: Your receipt will also have a tracking number that you can use to verify that the money order got to the intended recipient. If any problems arise, contact the place where you bought the money order to get help.

You can get a money order at a post office, Walmart, Western Union, banks and other places. Domestic money order costs vary from under a dollar up to around $5, depending on where you buy them. You’ll get a better deal at Walmart, or a convenience store or supermarket, and you’ll typically pay more at a bank.

Money transfer agents (convenience stores, supermarkets, etc.) Depends on the provider. For example, some San Francisco-area Western Union providers charge $1.

Money orders up to $500: $1.65. Money orders for $500.01-$1000: $2.40. Military money orders: $0.60. International (up to $700 in value): $49.65 issuing fee + processing fee that varies by country.

Often $5, but depends on the financial institution.
» See more options:

Below is a table with the money order cost and availability at some popular banks. Note that many banks will only sell money orders to account holders.

Bank (click to read review)
$5 for up to $1,000; free for some premium accounts. Must be purchased in a branch.
$5; free for premium checking customers.
$5; free for premium checking customers.
$5; free for premium checking customers.
$5 for up to $1,000. Must be purchased in a branch.

There are times when using cash or personal checks can put you at risk, or they aren’t accepted for payment. Here are four examples of when money orders are the best payment method:

You need to send money securely. Unlike checks, money orders don’t include your bank account number, and they help ensure that only the recipient can use it, unlike mailing cash. You’re worried about bouncing a check. Because money orders are prepaid, they can’t be rejected for insufficient funds. Other options are a or a, both of which guarantee payment and don’t necessarily have a $1,000 limit, unlike many money orders. You’re sending money internationally. Not all money orders work abroad, but U.S. Postal Service money orders can be sent to more than a dozen countries. Another option is a, if you need the money there faster and are willing to pay more. Or check out our, You don’t have a checking account. Since money orders require you to pay in advance, you don’t need a bank account and you can still pay bills safely.

If you don’t have a checking account, another option for paying for regular purchases and bills is to use a, You can try cashing a money order at the same entity that issued it, whether that’s a bank branch, post office or other location. Note that not all Western Union locations that sell money orders are able to cash them.

Walmart specifies that it cashes MoneyGram money orders, which are available for purchase at Walmarts as well. Some banks may cash money orders issued by the same bank or by the U.S. Postal Service, but may charge a fee if you’re not a customer of the bank. Check-cashing locations, convenience stores and grocery stores can be alternatives, but watch out for fees.

Wherever you go, you’ll probably need to show identification. If you don’t need the money right away and you have a bank account, consider depositing it. Banks accept money orders as they would regular checks at branches, ATMs or even on a banking app with a mobile check deposit function. SoFi Checking and Savings APY 4.50% SoFi members with direct deposit activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum direct deposit amount required to qualify for the 4.50% APY for savings.

SoFi members with Qualifying Deposits can earn 4.50% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that are equal to or greater than $5,000 every 30 days. Members without either Direct Deposit or Qualifying Deposits will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.

Interest rates are variable and subject to change at any time. These rates are current as of 8/2/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. Citizens Access Savings Min. balance for APY $0.01 CIT Bank Platinum Savings Min. balance for APY $5,000 Deposits are FDIC Insured BMO Alto Online Savings Account These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. Cash management accounts are typically offered by non-bank financial institutions. These cash accounts combine services and features similar to checking, savings and/or investment accounts in one product. on Wealthfront’s website Wealthfront Cash Account on Betterment’s website Betterment Cash Reserve – Paid non-client promotion APY 5.50% *Base annual percentage yield (variable) is 4.75% as of 7/31/23.5.50% APY reflects a,75% boost available as a special offer with qualifying deposit. Terms apply. Cash Reserve is only available to clients of Betterment LLC, which is not a bank, and cash transfers to program banks are conducted through clients’ brokerage accounts at Betterment Securities.

CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts. CDs (certificates of deposit) are a type of savings account with a fixed rate and term, and usually have higher interest rates than regular savings accounts.

Deposits are FDIC Insured BMO Alto Certificate of Deposit Checking accounts are used for day-to-day cash deposits and withdrawals. Checking accounts are used for day-to-day cash deposits and withdrawals. SoFi Checking and Savings APY 0.50% SoFi members with direct deposit activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances.

There is no minimum direct deposit amount required to qualify for the 4.50% APY for savings. SoFi members with Qualifying Deposits can earn 4.50% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that are equal to or greater than $5,000 every 30 days.

Members without either Direct Deposit or Qualifying Deposits will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 8/2/2023.

There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. Capital One 360 Checking Discover Cashback Debit Deposits are FDIC Insured Chime Checking Account Money market accounts pay rates similar to savings accounts and have some checking features.

Money market accounts pay rates similar to savings accounts and have some checking features. UFB High Yield Money Market Discover Bank Money Market Account Generally, money orders don’t have expiration dates, but difficulties and fees can arise if money orders aren’t cashed within one to three years.

  • Western Union and MoneyGram start charging fees on unused money orders after the first year, which can reduce the value of a money order over time to zero.U.S.
  • Post office domestic money orders never expire or have fees, so they can be cashed for the exact amount at any time.
  • It’s relatively simple to find out where a money order is — as long as you’ve kept your receipt.

But the process varies slightly by issuer. The U.S. Postal Service and MoneyGram allow you to track online with information such as the serial number found on your receipt and the purchase amount. Your bank should be able to provide you with the same information for a money order purchased there.

Without the receipt, you’ll likely have to file a research request to find your money order’s serial number, and that’s expensive and time-consuming. At MoneyGram, for example, it costs $40 and can take 60 days to process. Just be sure to track the money order with the actual provider — it might be Western Union or MoneyGram even if you purchased it at a convenience store.

The money order should clearly show or state who the provider is. You’re following Margarette Burnette Visit your page to see all the writers you’re following. new Follow for more nerdy know-how Keep up with your favorite financial topics on NerdWallet.

Does money order need to be signed?

Do money orders need to be signed? – Money orders need to be signed in order for the person who receives it to cash or deposit it. If you’re sending a money order, your signature doesn’t have to be witnessed. But if you’re depositing a money order you received, your bank may want to see you sign it in person.

Is it legal to send money to Russia?

No, currently it is not possible to send money from USA to Russia given the economic sanctions and the ongoing situation. All US banks as well as money transfer companies that support sending money from the United States have suspended their operations when it comes to remitting funds to Russia.

What does a money order look like?

What does a money order look like? – A money order is a paper payment method embossed or watermarked with the name and logo of the issuing institution. The front of the money includes a serial number and empty fields for filling in the required information. The back of a money order is mostly blank, with space at one end for the recipient’s signature.

Can money order be done internationally?

International Paper Money Order Service Background The U.S. Postal Service has agreements with 27 foreign countries to accept and cash their money orders in the U.S. In return, those countries accept Postal Service money orders issued to recipients in their countries.

  1. This international paper money order (IPMO) service provides customers a means to send funds abroad.
  2. IPMO sales have declined drastically, from $60 million in fiscal year (FY) 2010 to $34 million in FY 2015.
  3. In FY 2015, the program generated only $500,000 in revenue from money order fees.
  4. Worldwide, the international money transfer market grew between 3 percent and 11 percent annually from 2010 to 2014.

The U.S. is the number one sender of international money transfers capturing 22 percent of the market.U.S. residents sent $110 billion in money transfers to other countries in 2010 and $130 billion in 2014. In FY 2014, the Postal Service sold just $38 million worth of IPMOs, which represented only 0.03 percent of the U.S.

outbound international money transfer market. The Postal Service’s domestic money orders program faces challenges similar to those of the IPMO program. In the wake of alternatives from other providers and broad shifts toward electronic forms of payment, domestic money order sales plunged 60 percent from their peak of 233 million in FY 2000 to 93 million in FY 2015.

Our objective was to evaluate the Postal Service’s IPMO program and identify opportunities for improvements and revenue growth. What the OIG Found The Postal Service’s IPMO program is not well-suited for today’s fast-paced environment as new technologies enable customers to send and receive money faster through electronic channels.

  • These faster and more convenient alternatives contributed to a steep decline in paper money order sales in recent years.
  • If the decline continues, we project revenue will be about $151,000 in FY 2020, a relatively insignificant amount for Postal Service operations.
  • Demand for electronic international money transfer services is strong worldwide.

While the Postal Service currently provides electronic international money transfer service from the U.S. to 10 Latin American countries, its volume has steeply declined in recent years. In FY 2014, the program transferred $13 million, which was only 0.01 percent of the U.S.

  • Outbound remittance market, and it generated less than $460,000 in revenue.
  • If the declining trend continues, we estimate the program will not generate any revenue by FY 2019.
  • Our analysis shows that if the Postal Service could increase its market share from 0.25 percent in the first year to 3 percent in year 5 by improving and expanding its service, it could generate an average revenue of $89.2 million annually over the 5-year period.

The Postal Service has also experienced large declines in domestic money orders sales. However, we estimate that by adding digital technologies along with active strategic management and marketing, the Postal Service would gain an average of $30.2 million in additional profit annually over the 5-year period.

  1. What the OIG Recommended We recommended management remake the international paper money order program into an enhanced electronic international money transfer services program and improve the domestic money order program by adding digital technologies along with strategic management and marketing.
  2. In addition, we recommended management assign a project manager to oversee revenue growth opportunities for money transfer services and products.

: International Paper Money Order Service

How do money orders work?

How Do Money Orders Work? – Since money orders are written to a specific recipient, they can be more secure than cash, and are less likely to bounce because the issuer of the money order will typically require the payment upfront. If you are receiving the money order, you should be able to deposit the money order similar to how you would with cash or a check.

  1. You pay the value of money order and any associated fees when you get it.
  2. Then, you send the money order to your intended recipient.
  3. They take it to their bank or another place that cashes money orders to exchange the money order for cash.
  4. Depending upon where they cash it, there may be a fee to cash the money order.

Money orders are usually accepted, but you may run into a situation where a store won’t accept a specific type of money order. Therefore, it’s considered a good idea to cash the money order at the same institution that issued it. This makes the U.S. Postal Service, MoneyGram, or Western Union popular places to buy a money order.

  1. These companies have locations across the U.S., so the recipient is likely to have a location nearby to cash it.
  2. Money orders are typically capped at a certain dollar amount. The U.S.
  3. Postal Service won’t issue one for more than $1,000 ‡,
  4. Grocery stores and other places that sell money orders may have a different limit.

If you need a money order for more than the limit, you may want to consider a cashier’s check. You can read about the differences between a cashier’s check and a money order to decide which option is the best for you.

Do money orders always clear?

Key takeaways –

  • A money order allows you to securely send up to $1,000 in exchange for a small fee.
  • Money orders can be purchased at a bank, credit union, the U.S. Post Office, or some supermarket and convenient store locations.
  • To purchase and issue a money order, you’ll need the receiving person’s or business’ name, your address, any applicable account number, and your signature.

A money order is a secure way to send money or make a payment — up to $1,000. Many recipients prefer money orders because, unlike a personal check, a money order can’t “bounce” and clears almost immediately; therefore, they provide a fast, risk-free form of payment.

Money orders are secure because they’re issued by third-party distributors, in direct exchange for the cash value of the money order, plus a small fee — usually less than $15. And money orders can only be claimed by the person or business they’re addressed to. Money orders can also be sent internationally and can be used to settle debts larger than $1,000 (by sending multiple money orders).

In some instances, you don’t need a bank account to send one.

Does money order have to be cash?

When sending money by mail, use money orders as a safe alternative to cash and personal checks.U.S. Postal Service ® money orders are affordable, widely accepted, and never expire. Your money order receipt will help you track your payment and show proof of value in case the money order gets lost, stolen, or damaged.

  1. Decide on the money order amount. You can send up to $1,000 in a single order anywhere in the United States.
  2. Go to any Post Office location,
  3. Take cash, a debit card, or a traveler’s check. You cannot pay with a credit card.
  4. Fill out the money order at the counter with a retail associate.
  5. Pay the dollar value of the money order plus the issuing fee.
  6. Keep your receipt to track the money order.

Money Order Standards and Guidelines (DMM 509.3) Fees are based on the money order dollar amount.

Dollar Amount Fee
$0.01 to $500.00 $2.00
$500.01 to $1,000.00 $2.90
Postal Military Money Orders (issued by military facilities) $0.65

Before accepting a money order, make sure it’s real. There are several key things to look at to spot a counterfeit money order. Real USPS money orders have specific marks and designs to prevent fraud. If you hold the money order up to the light you should see:

  • Watermarks of Ben Franklin on the left side repeat top to bottom (circle 1 on image).
  • On the right of the Franklin watermark, a vertical, multicolored thread with the letters “USPS” weaves in and out of the paper to (circle 2 on image).
  • If the dollar amount is discolored, it may have been erased, indicating fraud (circle 3 on image).
  • Make sure the dollar amount is imprinted twice (circle 4 on image).
  • See if the dollar value is too large.
    • Domestic money orders cannot be more than $1,000.
    • International money orders cannot be more than $700 ($500 for El Salvador or Guyana).
  • If you suspect fraud, call the U.S. Postal Inspection Service at 1-877-876-2455.
  • If you think you’ve been given a fake money order, call the Money Order Verification System at 1-866-459-7822.

Domestic money orders never expire and they do not accrue interest. Money orders are cashed for the exact amount on the order. You can cash a USPS money order at a Post Office for free. You can also cash them at most banks and some stores. Rural carriers may cash money orders if they have enough money on hand.

  1. Do not sign the money order.
  2. Take a primary photo ID with the money order to any Post Office location,
  3. Sign the money order at the counter in front of a retail associate.

See additional requirements for money orders made out to organizations, more than one person, and minors. Cashing Money Orders (DMM 509.3.3) You can check the status of a money order you’ve purchased from the U.S. Postal Service at any time by visiting the Money Orders Application, Make sure you have the following information for the postal money order you want to check:

  • Serial number
  • Post Office number
  • Dollar amount

You cannot stop payment on postal money orders, but a lost or stolen money order can be replaced.

  • Money order loss or theft may take up to 30 days to confirm.
  • Investigating a money order’s lost or stolen status may take up to 60 days.
  • There is a $17.30 processing fee to replace a lost or stolen money order.
  1. Take your money order receipt to any Post Office location,
  2. Talk to a retail associate at the counter to start a Money Order Inquiry.
  3. After starting the inquiry, you will be able to check the status of your money order and inquiry progress by visiting the Money Orders Application,
  4. When your money order is confirmed lost or stolen, we’ll issue you a replacement money order.

We’ll replace money orders that are defective or damaged. Take the damaged money order and your receipt to your local Post Office location to get a replacement.

What happens if I never use a money order?

Do money orders expire? – Generally, money orders don’t have expiration dates. This means you should be able to cash a money order no matter how old it is. But issuers may begin applying fees if a money order goes uncashed for a year or more. The fee can vary.

Can I cash a money order if it’s not in my name?

The original payee must sign the money order over to you before you can cash a money order that’s made out to someone else. The process is the same as signing over a check. The payee must sign their name and write ‘Pay to the order of ‘ on the endorsement line on the back of the money order.

Can a money order be refunded?

Note: Receipts are referred to as ‘Customer Receipt’. This receipt is your guarantee for a refund of your money order if it is lost or stolen, provided you fill in the Pay To and From Information on the money order in the space provide. No claim for improper payment permitted 1 year after payment.

Can you put 2 names on a money order?

2.5 More Than One Payee – A money order completed by the purchaser to show more than one firm or person as payee is paid to either payee if the conjunction “or” is used to connect the payees. If no conjunction is used, or if the conjunction “and” is used to connect the payees, then all the listed payees must endorse the money order.

Do you need a name to send money?

However you choose to transfer money, you’ll usually need the following details of the person or organisation you’re paying: The date you want the payment to be made. Name of the person or business you’re paying.

Can a money order be in someone elses name?

Download Article Download Article A money order is a negotiable instrument. It is a promise to pay a specific sum of money to a specific person. A payor (or drawer) makes a payment to a payee. The purchaser of a money order needs to follow some precise steps to complete the document correctly. The steps ensure that the payment gets to the correct party.

  1. 1 Find a company that provides money orders. Most banks issue money orders to their account holders. They may also sell money orders to non-account holders who are willing to pay cash.
    • If you purchase a money order from a bank and don’t have an account there, they will probably charge you an expensive fee.
    • The United State Postal Service (USPS) sells money orders. You can visit a post office branch to get a money order form.
    • MoneyGram and Western Union are two other companies that provide money orders. You can find locations online. In some cases, your local grocery store will provide access to money orders through these two companies.
  2. 2 Transfer a negotiable instrument. When you complete a money order and give it to the payee, you are transferring a negotiable instrument. In this case, the term “negotiable” means “transferable”.
    • Your money order has a line that says “pay to the order of”. That language is the same type of instruction you see on a check. If your money order says “pay to”, it means the same thing.
    • Consideration is an important term for negotiable instruments. If each party gives consideration, each party is relying on the other. You may purchase a money order to pay for a product or service, for example. If that’s the case, you are paying an amount and expecting something in return. Both parties (the payor and the payee) are providing consideration.
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  1. 1 Complete the information on your money order. Put the recipient’s name on the “pay to” or “pay to the order of” line. Look for the section of the money order that asks for the purchaser or drawer’s information. Include your name and address as the payor. The purchaser or drawer is also the payor.
    • When you buy the money order, fill in the name of the person you are paying immediately. If you lose the money order, someone else can write their name in as the payee and cash the money order.
    • The “pay to” section may also ask you to write in the recipient’s address.
    • Fill in the receipt section on the money order. Detach it and keep for your records. Some money orders have a carbon copy behind the original. Other money orders have a portion of the original form that you can detach and keep.
  2. 2 Sign the original money order and file your copy. Look for the area on the money order that requires the payor’s signature. Your signature authorizes the financial institution to pay your money order funds to the payee.
    • The payor is also referred to as the purchaser or the drawer. Look for any of these three terms in the required signature section on the money order.
    • The money order will include a tracking number. You should be able to use the financial institution’s website or toll free number of track the status of your money order. You may want to confirm when the money order is cashed.
    • If the payee loses the money order, you can use the tracking number to cancel the payment and replace the money order. You will pay a fee to replace the lost money order.
  3. 3 Return the money order and exchange it for a new one, if you make out the money order to the wrong person. If you make some other sort of error when filling out the money order, take it back to the financial institution. You can replace the money order or ask for a refund. You may pay fees for these services.
    • Always use a pen when filling out money orders. By using a pen, the information is more difficult to alter.
    • Be sure you factor in the cost of the money order in your budget.
    • Don’t lose the money order: treat it just like cash. The process of getting a money order cancelled or replaced is complex and expensive.
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Add New Question

  • Question On the “Purchaser’s Address” line, if I run out of room, may I continue in the space underneath that line? Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin. Business Advisor Expert Answer Yes, but you should attempt to write as small as possible to avoid covering the serial numbers of the money order.
  • Question What happens if the purchaser did not sign the purchaser signature section? Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin. Business Advisor Expert Answer Legally, a purchaser’s signature is not required for a money order to be negotiable since it has been already paid for in cash. The named payee must sign in order to receive the cash. However, some sellers may require the signatures of a purchaser as an assent to the conditions affecting the liability of the money order issuer.

Ask a Question 200 characters left Include your email address to get a message when this question is answered. Submit Advertisement Article Summary X To fill out a money order that asks for a purchaser signature, first put the recipient’s name on the “pay to” or the “pay to the order of” line.

Then, look for the section that asks for the purchaser information and include your name and address as the payor. After that, sign where the money order requires the payor’s signature to authorize the financial institution to pay your money order funds. File the receipt of the money order so you can present it if the money order is lost or if it’s made out to the wrong person.

To learn how to find a company that provides money orders, keep reading! Did this summary help you? Thanks to all authors for creating a page that has been read 572,244 times.