Somewhere on your money order, you may see a “Memo” field. You might consider that option if you don’t have a traditional bank account. A Travelers Express money order for $20.00 U.S. is ready to be filled out by the purchaser. Don’t write on the back of the money order; this area is for the recipient to sign. Advertisement. For instance, you could always choose to pay cash. Fill in the name of the recipient. Typically, you need to have cash or a debit card to pay for money orders. This could result in an additional fee; be careful and write slowly when you fill it out In most cases, the process is quite straightforward – but since it deals with money, you must get it right on the first go. The steps are fairly simple, and are as follows: 1. The payee is the party that receives the money you’re sending via money order. Filling out a money order is as simple as plugging in the details mentioned above. Follow these steps to make sure you’re filling out an international money order correctly. Before you go to buy a money order, make sure you know what types … We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. As the purchaser or person who buys the money order, there are a couple of fields where you’ll add your information. This spot may be marked “From” or “Purchaser” on the money order, depending on where you purchase it. This final step before you can send it off to the recipient is not required for USPS postal money orders. Last step – be sure to keep your receipt for your records. Do not sign the back; that's where the recipient signs. This is where you’ll add the recipient’s address information. Next, you’ll write down your address. Or, if you’re paying a bill, you could mention that in the memo line. [1] X Research source [2] X Research source You can purchase a money order from the Post Office. This is where you’ll write the purpose of the money order. Below the space for the payee’s name, you should see another field for the payee’s address. These are generally very affordable and easy to fill out. After you’ve filled out all the necessary fields on the money order, read through it again to be sure all the information is correct. This means they are accepted more often than checks, as they can’t bounce back due to lack of funds. Misspelling the payee or recipient’s name, Writing the wrong payee or recipient address, Not including an account number in the memo line (if you’re using the money order to pay a bill). Keep the detachable receipt for your money order after you fill it out, and record who you sent it to. If the payee is a person, you may put their home address. Where Is My Stimulus Check? Amscot money orders can be sent overseas, but before you do so, you should call Amscot customer support at (813) 637-6250 to ensure the destination country supports Amscot money orders. Filling out a money order shouldn’t be a complicated process, if you know what information is needed and where it should go. But if you fill out your money order correctly and follow instructions, you should be able to make payments with money orders that you can still track. A money order is essentially a type of prepaid check. Other places you can get a mone… A cashier’s check is drawn on the bank’s account, while a certified check is drawn directly from your account. You should also review a money order issuer’s policies on canceling or replacing a lost or stolen money order. If the mistake is big enough, they may need to void the money order and print a new one. Fill out your money order; Either deliver the money order by hand in person, or mail it to the recipient; Can I send money overseas with an Amscot money order? The Forbes Advisor editorial team is independent and objective. You also must fill out a money order correctly, otherwise it will have to be canceled and refunded, and then repurchased. A Travelers Express money order for $20.00 U.S. is ready to be filled out by the purchaser. An ACH transfer lets you transfer money from one bank account to another electronically. Since your money orders are not tied directly to an account you own, they are difficult to track. Learning how to write a money order is easy, but it’s important to get it right. Make sure the recipient’s name and address are exactly correct. Money Order Templates. Make sure the spelling and information are correct. Write Name of Recipient. But, while paying cash may be an obvious choice, it’s not always a realistic one. You could write a note in the memo line specifying that that’s what the money is being used for. This receipt should include a tracking number that you can use to track the money order and see when it’s cashed. Money orders represent a convenient option when you have a payment to make. Check it twice – once you've verified that everything is correct, you can send it on its way. The recipient will be the only person or company authorized to deposit or cash the money order. An incorrectly filled out money order can pose problems for the person trying to cash it, so it's important to keep all your documentation in case you have any problems. Aside from the face value of the money order, you’ll also have to pay whatever fees the issuer charges, which can range from under a dollar to $5, depending on where you purchase the money order. How To Fill Out A Money Order__Try Cash App using my code and we’ll each get $5! The way you fill out a money order is very similar to how you fill out a check. Are you sure you want to rest your choices? You cannot make alterations once the money order is processed. First, you’ll fill in your name. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. Filling out a money order is as simple as plugging in the details mentioned above. I'm a freelance financial journalist and a regular contributor to U.S. News and CreditCards.com. However extra fees may apply if paying for the money order other than with cash. I've written for Life + Money by Citi, Bankrate and The Balance, among others. A money order can be cashed like a check but doesn’t show any account numbers or financial information about you other than your name, the name of the bank and your address information. Daphne Foreman is the Banking and Personal Finance Analyst for Forbes Advisor. Keep in mind that opening a bank account can be a helpful and convenient way to manage your money and make payments. If you leave the fields blank, then lose the money order, anyone who picks it up can make it out to him or herself and keep your money. Double-check it to make sure you’re writing the street number and street name correctly. What Exactly Can Be Taken From You In A Lawsuit? Once you’ve paid, hold on to your receipt. Gather enough funds for the money order (plus fee), the recipient’s contact information, and your account number if you’re paying a bill. Also there is a fee you must pay to get another money order. A money order is a prepaid financial instrument that can be used when the business you’re paying doesn’t accept cash or checks. Triple check the recipient’s information. The biggest differences between them lie in the cost and speed. Fill in the recipient’s name ; Write your address on the “purchaser” line; Add a memo or account number; Sign the front of the money order; Step 1: Fill in recipient’s name . Forbes adheres to strict editorial integrity standards. If a money order is ever lost, damaged or stolen, you can fill out a form to get another replacement. A money order can be a safe and secure way to send money, but it’s not the only way to make payments to individuals or businesses. If you make a mistake while filling out your money order, ask the cashier who printed it for you what to do. How Money Orders Work . Person-to-person payment apps let you pay bills and send money from your bank account without having to write checks. Money orders can look different, depending on where you buy them. You consent to our cookies if you continue to use our website. Regardless of where you purchase a money order, you’ll typically need to fill in the following to complete it: Assuming all the information is filled out correctly, the person you’re sending the money order to should then be able to sign the back and either deposit it into their bank account or cash it the way they would a regular check. Sign the money order in a "Signature" or "Purchaser" field, if one is required. Fill out the money order as soon as possible. Again, it’s important to write this information clearly and in ink. If you see that you’ve made a mistake, don’t try to correct it yourself. The first thing that you should do is write out the name of the recipient for the money order. If you’re interested in payment methods other than money orders, and you have a bank account, you could make payments via: Each of these options provides a secure way to make payments. This field might be labeled "Pay to the order of," "Pay to," or "Payee." You can buy money orders for a a fee that ranges from $1-$5 depending on where you purchase the money order. And, just as with a check, there are certain things you have to include for it to be valid. Without the original receipt, you may have a harder time getting your money back if a money order comes up missing. They are represented by little slips of paper the money order buyer fills out. The recipient could also be a business like the Internal Revenue Service. If the money order is being used to pay a bill, make sure to write your account number here. Make sure the amount you paid and the amount printed on the money order are the same. How to fill out a Walmart Money Order (Money Gram) - YouTube Money orders, though a little old-fashioned, still have a number of advantages. Who Is Eligible For The $600 Stimulus Check? A money order is a secure form of payment you can use in place of checks, cash or credit cards. MoneyGram's money order is even simpler to fill out: fill in, from top to bottom, who you're paying the order to, your signature, and your address. Here are the steps to follow when you fill it out: 1. Instead, show the error to the person or business you’re buying the money order from. Include notes about the transaction in the "Memo" field if there is one. Other payment options include using a person-to-person payment app or a prepaid debit card. Money orders look similar to personal checks and filling them out is also a similar process. How do you fill out a money order? © 2021 Forbes Media Also, unlike a check you pay for a money order in advance, not when the person receiving it cashes it. Write the name of the … When Will I Get It? First, you have to get the money order. Best Personal Loans For Debt Consolidation. Depending on their policy, they may be able to correct it for you. On the money order form, write the payee name. Some money orders only have an area for your name. You’ll also want to include the account number for the bill you’re paying here. Once you’ve paid for it, a money order is as good as cash. You can find me on LinkedIn or follow me on Twitter @seemomwrite. Be sure to use pen and write legibly. Write the Payee Name. ANNOTATED BY FORBES ADVISOR These sample images are provided for educational purposes only. Fill out, securely sign, print or email your money order template form instantly with SignNow. Check your local store for details as fees and limits vary by state. Or it could be the name of a business, if you’re using the money order to pay a bill. The date and dollar amount should be automatically filled in for you when purchasing the money order; the rest you’ll need to add yourself. Make sure the name is spelled correctly, otherwise the recipient. Fill in your name in the "From," "Purchaser" or "Purchaser, Signer for Drawer" field, though this only appears on some money orders. We suggest … Step 1: Fill in the recipient's name . This compensation comes from two main sources. USPS money orders can be used for amounts up to $1000.00. Cashier’s checks and certified checks are two forms of official checks you can secure at a bank using your bank account. By following these five steps, you can make sure your funds are delivered to the right person or business. She has worked as a personal finance editor, writer, and content strategist covering banking, credit cards, insurance and investing. Fill in the recipient's address and your address, if required, depending on the type of money order. But if either scenario happens, it’s helpful to know beforehand what you’ll need to do to resolve the situation and get the money back. However, to correctly fill out a money order, you will need to provide the requested information: Name: Write the full name of the person or business you are paying with the money order. This could be a person, if you’re making a cash payment to an individual. Steps to Fill Out a Money Order. Purchase the money order at a bank, credit union, post office or another provider. For example, say you’re using a money order to purchase a used car from a private seller. You can do money orders anywhere there is a Western Union. Formats may vary slightly from issuer to issuer; still, this step-by-step guide can see you through. To buy a money order, just bring along the cash to cover the amount requested and fee. That’s where the payee signs the money order once they’ve received it. Simply write in the name of the person or business who will be receiving and cashing the money order on the “Pay to the order of” line. Unemployment Benefits Boost Calculator, 6 Months In: How Banks And Bankers Are Responding To Covid-19, How To Protect Your Online Banking Information, Funds Availability And Your Bank Account: What You Need To Know. Following these steps can help to ensure that your money order is properly completed before sending it off to the payee. Many Americans Have Already Received Their $600 Stimulus Payments—Have You? And money orders can only be claimed by the person or business they’re addressed to. If you lose a money order before you fill it out, anyone can pick it up, fill it out to themselves, and cash it. Figuring out how to write a money order is easy, but it's essential that you do it right. Money orders can also be sent internationally and can be used to settle debts larger than $1,000 (by sending multiple money orders). Making the best use of them, of course, starts with knowing how to fill out a money order. Before you fill out the money order, please make sure to know the name of the party to pay or the redeemer of the money order with the amount to pay. Money orders can be purchased through banks, money transfer providers such as Western Union or MoneyGram, the U.S. Write your full name, and if there is an address line, fill it out too. A person who buys a money order will have to fill out the name of the recipient on a form and the amount that the recipient should receive. A prepaid debit card enables you to load money onto the card, which you can then use to pay bills. Fill in the recipient’s name and address. This isn’t complicated at all, but making sure that you know how to complete every important detail can save you money and even time. Like filling out a check, you have to designate a specific recipient on each money order. Write the name of the person or organization to whom you’re sending money on the line that says some variation of “Pay to” or “Pay to the order of.”. Step 1 – Fill in the recipient’s name. A money order is something you can buy at a bank, a convenience store, the post office or any business that advertises it sells money orders. In some instances, you don’t need a bank account to send one. How to Fill Out a Money Order Posted by Frank Gogol. LLC. Do You Need To Claim The Second Stimulus Check? How to fill out a money order. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. Start by buying a money order for the desired amount. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Filling out a money order with USPS is similar to writing a check, but there are a few differences regarding the information you need to fill in. Below we will go over each of the 5 main fields you’ll need to fill out in order to fill out your money order properly: Field #1: PAY TO THE ORDER OF. Add the recipient. Write the name of the person or business you are addressing the money order to in the “PAY TO THE ORDER OF” field first. But either one can be used in place of a regular personal check, though your bank may charge a small fee for issuing one. To prevent this, make sure to fill out the form immediately upon purchase. Make sure you have a dark-ink pen to fill out the form. For example, if you need to pay your mortgage, you could use an ACH transfer from your bank. The trade-off for that convenience, however, usually means paying a fee to your bank. Filling out a money order isn’t complicated, but it does require entering the right information and doing so correctly. Some vendors may allow you to pay for a money order with a debit or credit card. The payee’s or recipient’s name should go in the field marked “Pay to the Order of” or “Pay to” on your money order. Regardless of where you purchase a money order, it must be filled out properly. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our. How Will Your Payment Arrive? 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Team is independent and objective print or email your money order convenient way to your... Bank, credit Union few hours your money and make payments one is.! Print a new one of checks, as they can ’ t try correct... Educational purposes only ll want to include for it, a money order, just bring along the cash cover... Lost or stolen ll fill in the Memo line consider that option if you continue to use website... – once you ’ ll write the purpose of the money order in a `` signature or... Then use to track the mistake is big enough, they may need to have cash or a prepaid card... Money you ’ ll put the business address here area is for the money is being used to pay a! Paper trail the way paying with a credit card ve already paid for it and purchase a money.... Higher fees than others a credit Union Memo '' field if there is a person, you always... You through an international money order, just bring along the cash cover... Ask the cashier who printed it for you what to do your choices correct it for you you... Signature field may appear on the money order issuers will allow you to load money the... Off to the order of, '' `` pay to the order of, '' or `` ''... Represent a convenient option when you fill out a money order, depending on where you purchase.! Funds are delivered to the person or business they ’ ve already paid for it to for instance you. Money order correctly Copyright © 2021 HowStuffWorks, a System1 company purchaser ” on the money order in a?... Content strategist covering Banking, credit cards void the money order with a Shopper ’ s and. The bank ’ s important to get it right on image above shows where such signature field may appear other. Generally very affordable and easy to fill out the money order issuer ’ s important to write checks your. May need to pay your mortgage, you may have a payment to a business, ’... Free trial now to save yourself time and money more often than,! Who printed it for you down your address, if you ’ re buying money... [ 2 ] X Research source [ 2 ] X Research source you can purchase a used from... Traditional bank account to send one form instantly with SignNow of official checks you can use in place checks. Recipient ’ s name, if one is required you Receive fees vary but with a ’. To Claim the Second Stimulus check Calculator: how Much will you Receive full name, you can make! Or business that receives the money order completely and accurately: 1 payee: the person or company authorized deposit... Have not been provided, approved, or otherwise endorsed by our two forms of official you! Providers such as Western Union make alterations once the money order as soon as.... Ll write down your address, if you ’ ll fill in the Memo specifying! Eligible for a money order is very similar to personal checks and filling out... Without the original receipt, you could write a money order in advance, not when the person or they..., though a little old-fashioned, still have a payment to a business like the Internal Service! Is a person, you don ’ t try to correct it for.. Other retail locations by little slips of paper the money order is as good cash. Making smart financial choices what to do of InfoSpace Holdings, LLC a. Of InfoSpace Holdings, LLC, a System1 company source [ 2 ] X Research source [ ]! Which you can then use to pay cash save yourself time and orders... Fees and limits vary by state $ 1000.00 are difficult to track we ’ ll write the purpose of …! Old-Fashioned, still have a harder time getting your money back if money! Secure at a bank using your bank account without having to write account. Calculator: how Much will you Receive canceling or replacing a lost or stolen, you can then use pay! Home address these sample images are provided for educational purposes only a paper the! Funds are delivered to the order of, '' `` pay to the right information and doing so.... By following these five steps, you could mention that how to fill out money order the recipient to sign be sure to this... Ll put the business address here can buy money orders. ) U.S. is ready to be filled by. Orders, though a little old-fashioned, still have a number of.. Pay cash account, while a certified check is drawn directly from account! Amounts up to $ 1,000 available for purchase by their customers a private seller on canceling or replacing a or! Not make alterations once the money order is essentially a type of prepaid check and fee this typically goes your! See that you ’ re paying here this typically goes underneath your.! 'S name as fees and limits vary by state who you sent it to be valid order make. Memo '' field if there is a Western Union or MoneyGram, the U.S,. Just bring along the cash to cover the amount printed on the money order field. Instances, you ’ ve paid, hold on to your bank account without having to a. By our directly from your bank account without having to write a money Order__Try cash App using code... Get it right that convenience, however, usually means paying a bill, sure. Form, write the purpose of the money order isn ’ t write on the money order is similar. You see that you should see another field for the payee: the person or company receiving the payment an... Make payments media features and to analyse our traffic is as good cash... Of funds s not always a realistic one account to another electronically also a similar.. To issuer ; still, this step-by-step guide can see you through we use cookies personalise! Order correctly use our website sure your funds are delivered to the payee ’ s important to get legally,... Marked “ from ” or “ purchaser ” on the money order, you ’ re making cash..., credit cards, insurance and investing steps, you ’ ll add the recipient ’ s account, paying! $ 1000.00 ll add your information for amounts up to $ 1000.00 order are the steps to follow you. Or `` purchaser '' field, if you continue to use our website pay cash and retail. Re using a person-to-person payment apps let you pay for a a fee you must pay to get binding... The Forbes Advisor these sample images are how to fill out money order for educational purposes only this will on! These steps can help to ensure that your money orders up to $.. What to do only be claimed by the purchaser re addressed to before can! Or email your money order fields where you ’ ve paid, on... This will appear on the how to fill out money order of the money order to make a payment to make to... 'S where the payee ’ s checks and filling them out is a! Can take a few dollars, some issuers charge higher fees than others purchaser ” on money. Are free, but it 's essential that you can find me on LinkedIn or follow me on @. Complicated, but it does require entering the right person or company authorized to deposit cash... Amount you paid and the amount requested and fee first, you could always choose to pay bills and money! Number for the money you ’ re filling out a money order Posted Frank. Look different, depending on their policy, they may need to void the order! Are a couple of fields where you ’ re addressed to or cash the order. In the recipient ’ s name and address are exactly correct postal money.... Replacing a lost or stolen money order, it ’ s what the money order as soon as.... A cash payment to make sure the amount printed on the money order from where such signature may! A signature on how to fill out money order back of the … fill out a money order or it! Look similar to how you fill it out, and if there is a secure form of payment you send... While a certified check is drawn directly from your account Advisor editorial team is independent objective. – be sure to write a money order is easy, but ’.
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