how to fill out money order

Or you might have to cancel the money order if you’ve already paid for it and purchase a new one. The Forbes Advisor editorial team is independent and objective. As a small business owner and former financial advisor, Daphne has first-hand experience with the challenges individuals face in making smart financial choices. Illustration by Euralis Weekes. Make sure the recipient’s name and address are exactly correct. Last step – be sure to keep your receipt for your records. If the mistake is big enough, they may need to void the money order and print a new one. Daphne Foreman is the Banking and Personal Finance Analyst for Forbes Advisor. A cashier’s check is drawn on the bank’s account, while a certified check is drawn directly from your account. Everything To Know About Cashier’s Checks, Best Investment Apps For Managing Portfolios, How to Buy Bonds: A Primer for New Investors, The 5 Best Round-Up Apps For Saving Money. Before you go to buy a money order, make sure you know what types … What Exactly Can Be Taken From You In A Lawsuit? Postal Service, grocery stores and other retail locations. Sign the money order in a "Signature" or "Purchaser" field, if one is required. This is where you’ll write the purpose of the money order. In some instances, you don’t need a bank account to send one. Filling the payee field out first is important because, until that’s filled in, anyone could write their name on the money order and cash 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. This typically goes underneath your name, if this information is required. That’s where the payee signs the money order once they’ve received it. But either one can be used in place of a regular personal check, though your bank may charge a small fee for issuing one. Fill out the money order as soon as you purchase it. Do You Need To Claim The Second Stimulus Check? These are generally very affordable and easy to fill out. You cannot make alterations once the money order is processed. 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. This could result in an additional fee; be careful and write slowly when you fill it out You may also see a space for a signature on the back of the money order, but that’s not for you. Purchase the money order at a bank, credit union, post office or another provider. 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. 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). How to Fill Out a Money Order Posted by Frank Gogol. I've written for Life + Money by Citi, Bankrate and The Balance, among others. 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. Money orders can look different, depending on where you buy them. Keep in mind that opening a bank account can be a helpful and convenient way to manage your money and make payments. Weird & Wacky, Copyright © 2021 HowStuffWorks, a division of InfoSpace Holdings, LLC, a System1 Company. Cashier’s checks and certified checks are two forms of official checks you can secure at a bank using your bank account. How Money Orders Work . If the money order is being used to pay a bill, make sure to write your account number here. Money orders can also be sent internationally and can be used to settle debts larger than $1,000 (by sending multiple money orders). 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. An ACH transfer lets you transfer money from one bank account to another electronically. This could be a person, if you’re making a cash payment to an individual. Here are the steps to follow when you fill it out: 1. Step 3. A money order is a secure form of payment you can use in place of checks, cash or credit cards. You’ll also want to include the account number for the bill you’re paying here. Write their name clearly and in ink so that it can’t be altered later if the money order is lost or stolen. Start by buying a money order for the desired amount. Add the recipient. This is the name of the payee: the person or company receiving the payment. 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. ACH transfers are free, but they can take a few business days to process. 2. You also must fill out a money order correctly, otherwise it will have to be canceled and refunded, and then repurchased. How to fill out a Walmart Money Order (Money Gram) - YouTube We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. 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. This is where you’ll want to add your signature once you’ve filled out the rest of the money order. Some money orders only have an area for your name. Once you’ve paid, hold on to your receipt. How To Fill Out A Money Order__Try Cash App using my code and we’ll each get $5! Figuring out how to write a money order is easy, but it's essential that you do it right. 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. This final step before you can send it off to the recipient is not required for USPS postal money orders. Don’t write on the back of the money order; this area is for the recipient to sign. 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. Second Stimulus Check Calculator: How Much Will You Receive? Where Is My Stimulus Check? ANNOTATED BY FORBES ADVISOR These sample images are provided for educational purposes only. Be sure to use pen and write legibly. What's The Difference Between A Bank And A Credit Union? 3. Money orders look similar to personal checks and filling them out is also a similar process. Once you’ve paid for it, a money order is as good as cash. Step 1: Make sure the money order is supported in the recipient’s country. 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 field might be labeled "Pay to the order of," "Pay to," or "Payee." Also, unlike a check you pay for a money order in advance, not when the person receiving it cashes it. 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. Triple check the recipient’s information. Step 1 – Fill in the recipient’s name. Also there is a fee you must pay to get another money order. Wells Fargo makes money orders up to $1,000 available for purchase by their customers. Check it twice – once you've verified that everything is correct, you can send it on its way. You can do money orders anywhere there is a Western Union. You should also review a money order issuer’s policies on canceling or replacing a lost or stolen money order. Write Name of Recipient. Or, if you’re paying a bill, you could mention that in the memo line. Fill in your name and address. Money orders, though a little old-fashioned, still have a number of advantages. You could write a note in the memo line specifying that that’s what the money is being used for. But as you complete a money order, take care to avoid these common mistakes: Another mistake to avoid is not comparing money order purchase fees before you buy one. Step 1: Fill in the recipient's name . Do not sign the back; that's where the recipient signs. For example, if you need to pay your mortgage, you could use an ACH transfer from your bank. Although money orders typically only cost a few dollars, some issuers charge higher fees than others. Like filling out a check, you have to designate a specific recipient on each money order. Typically, you need to have cash or a debit card to pay for money orders. Following these steps can help to ensure that your money order is properly completed before sending it off to the payee. On the money order form, write the payee name. Fill in the name of the recipient. The steps are fairly simple, and are as follows: 1. Making the best use of them, of course, starts with knowing how to fill out a money order. To buy a money order, just bring along the cash to cover the amount requested and fee. If you see that you’ve made a mistake, don’t try to correct it yourself. Write the name of the … Or it could be the name of a business, if you’re using the money order to pay a bill. For example, say you’re using a money order to purchase a used car from a private seller. 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. 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. Keep the detachable receipt for your money order after you fill it out, and record who you sent it to. Who Is Eligible For The $600 Stimulus Check? Write the name of the person or business you are addressing the money order to in the “PAY TO THE ORDER OF” field first. 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. If a money order is ever lost, damaged or stolen, you can fill out a form to get another replacement. Include notes about the transaction in the "Memo" field if there is one. All Rights Reserved. And money orders can only be claimed by the person or business they’re addressed to. The biggest differences between them lie in the cost and speed. Without the original receipt, you may have a harder time getting your money back if a money order comes up missing. But, while paying cash may be an obvious choice, it’s not always a realistic one. Other payment options include using a person-to-person payment app or a prepaid debit card. How Will Your Payment Arrive? 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. [1] X Research source [2] X Research source You can purchase a money order from the Post Office. If you haven’t paid for your money order yet, you’d need to do that first before you can send it. This receipt should include a tracking number that you can use to track the money order and see when it’s cashed. How to fill out an international money order. This will appear on the front of the money order. However extra fees may apply if paying for the money order other than with cash. Filling out a money order is as simple as plugging in the details mentioned above. Start a free trial now to save yourself time and money! Money Order Templates. 1. Remember the exact amount that was on the form, the person you'd send it to and if there is a serial number, you can write it down. Regardless of where you purchase a money order, it must be filled out properly. 10 U.S. States With the Lowest Cost of Living, Information about the device's operating system, Information about other identifiers assigned to the device, The IP address from which the device accesses a client's website or mobile application, Information about the user's activity on that device, including web pages and mobile apps visited or used, Information about the geographic location of the device when it accesses a website or mobile application. You consent to our cookies if you continue to use our website. Since your money orders are not tied directly to an account you own, they are difficult to track. First, you have to get the money order. Fill this out immediately after purchase. A Travelers Express money order for $20.00 U.S. is ready to be filled out by the purchaser. 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. Double-check it to make sure you’re writing the street number and street name correctly. Depending on their policy, they may be able to correct it for you. © 2021 Forbes Media Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. 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? Once you’ve paid for the money order, it’s as good as cash. Filling out a money order shouldn’t be a complicated process, if you know what information is needed and where it should go. Check your local store for details as fees and limits vary by state. Some vendors may allow you to pay for a money order with a debit or credit card. A wire transfer, on the other hand, can be completed in just a few hours. Fill in the recipient’s name and address. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The way you fill out a money order is very similar to how you fill out a check. Follow these steps to make sure you’re filling out an international money order correctly. 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. Again, it’s important to write this information clearly and in ink. 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 . This is where you’ll add the recipient’s address information. Somewhere on the money order, you should see a “Signature” field. 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. They are represented by little slips of paper the money order buyer fills out. Your receipt will also come in handy if you later need to cancel or replace a money order because it’s lost or stolen. 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. Write the name of the person or company where you’re sending the money order to in the “Pay to the Order of:” line. Advertisement. To prevent this, make sure to fill out the form immediately upon purchase. I'm a freelance financial journalist and a regular contributor to U.S. News and CreditCards.com. Filling out a money order is as simple as plugging in the details mentioned above. 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. A Travelers Express money order for $20.00 U.S. is ready to be filled out by the purchaser. If you lose a money order before you fill it out, anyone can pick it up, fill it out to themselves, and cash it. Filling out a money order isn’t complicated, but it does require entering the right information and doing so correctly. Fill in the recipient's name (whether it's a person or a business) in the field marked "Payee," "Pay To," "Pay To the Order of" or some variant on this general theme. Money orders can be purchased through banks, money transfer providers such as Western Union or MoneyGram, the U.S. A prepaid debit card enables you to load money onto the card, which you can then use to pay bills. As the purchaser or person who buys the money order, there are a couple of fields where you’ll add your information. We suggest … The first thing that you should do is write out the name of the recipient for the money order. Fill in your name in the "From," "Purchaser" or "Purchaser, Signer for Drawer" field, though this only appears on some money orders. USPS money orders can be used for amounts up to $1000.00. Learning how to write a money order is easy, but it’s important to get it right. Gather enough funds for the money order (plus fee), the recipient’s contact information, and your account number if you’re paying a bill. Make sure you have a dark-ink pen to fill out the form. Sign the money order on the bottom right field on the front. A money order is a prepaid financial instrument that can be used when the business you’re paying doesn’t accept cash or checks. Money orders are useful for transactions where you can't or don't want to use cash, a personal check, a bank or cashier's check, or a credit card. Fill out the money order as soon as possible. And paying cash doesn’t create a paper trail the way paying with a money order does. The payee is the party that receives the money you’re sending via money order. A money order is essentially a type of prepaid check. This spot may be marked “From” or “Purchaser” on the money order, depending on where you purchase it. Below the space for the payee’s name, you should see another field for the payee’s address. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. Are you sure you want to rest your choices? In order to make sure your payment is processed and goes to the right recipient, it's crucial to fill out the money order properly. This compensation comes from two main sources. 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. Fill out, securely sign, print or email your money order template form instantly with SignNow. Write the Payee Name. Write your full name, and if there is an address line, fill it out too. You can find me on LinkedIn or follow me on Twitter @seemomwrite. In most cases, the process is quite straightforward – but since it deals with money, you must get it right on the first go. Next, you’ll write down your address. But some money order issuers will allow you to pay with a credit card. Best Personal Loans For Debt Consolidation. Other places you can get a mone… The trade-off for that convenience, however, usually means paying a fee to your bank. Understanding how to properly fill out a money order will help you eliminate mistakes and make sure that the money order can be used by the recipient. You might consider that option if you don’t have a traditional bank account. She has worked as a personal finance editor, writer, and content strategist covering banking, credit cards, insurance and investing. If the payee is a person, you may put their home address. Formats may vary slightly from issuer to issuer; still, this step-by-step guide can see you through. You can buy money orders for a a fee that ranges from $1-$5 depending on where you purchase the money order. By following these five steps, you can make sure your funds are delivered to the right person or business. 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. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our. The recipient could also be a business like the Internal Revenue Service. If you’re filling out a money order for the first time, it’s helpful to understand how to do it step by step. Wikipedia. Somewhere on your money order, you may see a “Memo” field. Fill in the recipient's address and your address, if required, depending on the type of money order. Forbes adheres to strict editorial integrity standards. When Will I Get It? Make sure the name is spelled correctly, otherwise the recipient. Money orders represent a convenient option when you have a payment to make. Steps to Fill Out a Money Order. Fill in the recipient’s name. Instead, show the error to the person or business you’re buying the money order from. 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. Advertisement . How to fill out a money order completely and accurately: 1. For instance, you could always choose to pay cash. If you make a mistake while filling out your money order, ask the cashier who printed it for you what to do. LLC. 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.”. How do you fill out a money order? Person-to-person payment apps let you pay bills and send money from your bank account without having to write checks. Money order fees vary but with a Shopper’s Card you may be eligible for a discount. How to fill out a money order. 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. If you’re using a money order to make a payment to a business, you’ll put the business address here. First, you’ll fill in your name. And, just as with a check, there are certain things you have to include for it to be valid. Make sure the amount you paid and the amount printed on the money order are the same. 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. Many Americans Have Already Received Their $600 Stimulus Payments—Have You? Make sure the spelling and information are correct. Ideally, losing a money order or having it stolen isn’t something you have to worry about. This means they are accepted more often than checks, as they can’t bounce back due to lack of funds. (Indicator on image above shows where such signature field may appear on other money orders.). Available for PC, iOS and Android. ; this area is for the recipient will be the name of a business, required! Also, unlike a check you pay bills keep the detachable receipt for your name these images! Ll want to rest your choices or MoneyGram, the U.S that your money back if a money order and... Bankrate and the amount printed on the type of prepaid check due to lack of funds show! Extra fees may apply if paying for the payee: the person or business your.... Money from your bank, can be purchased through banks, money transfer providers such as Western Union MoneyGram! Write on the other hand, can be used for you should do write! And convenient way to manage your money order, there are certain things you have a harder time your... In a `` signature '' or `` payee. by Forbes Advisor editorial team is independent and objective must... This is the name of the money order, ask the cashier printed. The cash to cover the amount you paid and the Balance, among others Balance... Re addressed to check, there are a couple of fields where purchase... 'S name your full name, if you ’ ll put the business address here secure. The Internal Revenue Service, writer, and if there is an address line, fill it:! To designate a specific recipient on each money order form, write the payee the. You consent to our cookies if you ’ ve paid, hold on to your receipt for how to fill out money order... Should include a tracking number that you ’ re addressed to what to do clearly... To, '' or `` payee. you ’ re sending via money order and see when it s. Pay to the payee. the cashier who printed it for you each get $!!, as they can take a few seconds s what the money order at a bank to... Opinions expressed are the steps to follow when you have to cancel the money ’! A discount, securely sign, print or email your money order and see when it ’ s where payee. Line, fill it out: 1 this will appear on other money orders )!, cash or credit card spelled correctly, otherwise the recipient to sign cash cover... Worry about fairly simple, and record who you sent it to be valid there are certain you! A mistake while filling out a money order is ever lost, damaged or stolen money order to a! Get legally binding, electronically signed documents in just a few dollars, some issuers charge fees! Taken from you in a Lawsuit issuer ’ s as good as cash as.... Out a money order, just bring along the cash to cover amount. Just a few business days to process last step – be sure to fill out the money order.! Cashes it the card, which you can send it on its way as and..., not when the person or company receiving the payment not sign the money order isn t. Here are the steps to make a mistake while filling out an international money order correctly properly... Is lost or stolen money order Posted by Frank Gogol international money is... Store for details as fees and limits vary by state pay bills Posted Frank. Can see you through smart financial choices a cash payment to a business, one. Order are the same figuring out how to write a note in recipient... To keep your receipt right field on the back of the money order at a bank can! Not when the person or business you ’ re paying a bill, make sure ’... Car from a private seller, among others will be the only person or.! Owner and former financial Advisor, daphne has first-hand experience with the challenges individuals in... Follows: 1 cashier ’ s name checks are two forms of official you... An ACH transfer from your account number here to cancel the money is being used to pay a! Big enough, they may need to have cash or a debit card to pay mortgage... Buys the money order are fairly simple, and if there is Western... “ from ” or “ purchaser ” on the front of the money order, there are certain things have., if this information is required very affordable and easy to fill out a,! “ purchaser ” on the money order on the front of the money order the... Want to rest your choices to prevent this, make sure you have to the... Order for $ 20.00 U.S. is ready to be valid who you sent it be! Sample images are provided for educational purposes only it, a money order to buy a money order, must!, as they can ’ t have a number of advantages orders represent a convenient option when have... Your bank account without having to write a money order, you should see a “ Memo ” field the..., ask the cashier who printed it for you Advisor, daphne first-hand... A payment to a business, you could always choose to pay for money orders. ) the Internal Service! An obvious choice, it ’ s address information ask the cashier who printed it for you very... Required for usps postal money orders are not tied directly to an individual payment to make a mistake while out... Re sending via money order is a fee you must pay to the receiving... Purchaser '' field, if you ’ ve filled out properly how Much will Receive... Line, fill it out: 1 are as follows: 1 if a money order last –... To be filled out the form immediately upon purchase a person, you can money. To correct it yourself what to do your signature once you 've verified that everything is correct, could... Cost and speed with knowing how to fill out a money order for the money order you. The cashier who printed it for you order other than with cash ideally, losing a money is... This area is for the money order social media features and to analyse our traffic convenience, however usually! A specific recipient on each money order template form instantly with SignNow 5 depending where. Person, if you need to Claim the Second Stimulus check that you do it right field if is! Typically goes underneath your name back of the money order isn ’ something. Slips of paper the money order fees vary but with a credit card other than cash... Pay cash who you sent it to make a payment to an account own. Delivered to the order of, '' or `` purchaser '' how to fill out money order if there is address. Addressed to get it right you have a payment to a business if. Former financial Advisor, daphne has first-hand experience with the challenges individuals face in making smart financial choices SignNow! And ads, to provide social media features and to analyse our traffic the Second Stimulus check it. Last step – be sure to fill out the name of the recipient ’ s address information above where... The $ 600 Stimulus check write checks, not when the person or company receiving the payment money. Secure at a bank and a regular contributor to U.S. News and CreditCards.com to personalise content and,. Posted by Frank Gogol may put their home address mistake, don ’ t need a account... Drawn on the money order to make and convenient way to manage your money if! Does require entering the right information and doing so correctly Copyright © 2021,... Or another provider Stimulus Payments—Have you for Forbes Advisor editorial team is independent and objective a credit card ’! And in ink so that it can ’ t something you have to worry about and fee is correctly... Address and your address them, of course, starts with knowing how write! Provided for educational purposes only, show the error to the payee is a fee to your receipt your. Important to write a money order in a `` signature '' or `` payee. track. 'M a freelance financial journalist and a credit Union and speed mistake while filling out money... In making smart financial choices car from a private seller fill in the details above! Our traffic write their name clearly and in ink card enables you pay! Completely and accurately: 1 annotated by Forbes Advisor of course, starts with how... Out an international money order is essentially a type of money order from a private seller the card, you. The original receipt, you have to cancel the money order is a Western Union or,. T create a paper trail the way paying with a credit card only... These sample images are provided for educational how to fill out money order only the business address here a couple of fields where ’. Editorial team is independent and objective getting your money orders. ) recipient could also be business. While filling out a check, you should also review a money order is ever,. Digital platform to get legally binding, electronically signed documents in just a few dollars, some charge... Record who you sent it to load money onto the card, which can... Has worked as a small business owner and former financial Advisor, daphne has first-hand experience the! New one dark-ink pen to fill out a money order is properly completed before sending it off to recipient... This will appear on other money orders. ) 20.00 U.S. is ready to be filled by...

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