how to fill out money order
Below the space for the payee’s name, you should see another field for the payee’s address. 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. Here are the steps to follow when you fill it out: 1. Fill out, securely sign, print or email your money order template form instantly with SignNow. Somewhere on your money order, you may see a “Memo” field. This spot may be marked “From” or “Purchaser” on the money order, depending on where you purchase it. However extra fees may apply if paying for the money order other than with cash. Next, you’ll write down your address. To buy a money order, just bring along the cash to cover the amount requested and fee. I've written for Life + Money by Citi, Bankrate and The Balance, among others. Also there is a fee you must pay to get another money order. Triple check the recipient’s information. This is where you’ll write the purpose of the money order. Somewhere on the money order, you should see a “Signature” field. Advertisement . Formats may vary slightly from issuer to issuer; still, this step-by-step guide can see you through. Make sure the amount you paid and the amount printed on the money order are the same. Many Americans Have Already Received Their $600 Stimulus Payments—Have You? Wells Fargo makes money orders up to $1,000 available for purchase by their customers. Fill this out immediately after purchase. A money order is essentially a type of prepaid check. How to fill out a Walmart Money Order (Money Gram) - YouTube If you lose a money order before you fill it out, anyone can pick it up, fill it out to themselves, and cash it. Start a free trial now to save yourself time and money! You cannot make alterations once the money order is processed. 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. Without the original receipt, you may have a harder time getting your money back if a money order comes up missing. This receipt should include a tracking number that you can use to track the money order and see when it’s cashed. 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. Fill out the money order as soon as possible. Fill in the recipient's address and your address, if required, depending on the type of money order. If a money order is ever lost, damaged or stolen, you can fill out a form to get another replacement. And money orders can only be claimed by the person or business they’re addressed to. Fill in your name and address. This typically goes underneath your name, if this information is required. And, just as with a check, there are certain things you have to include for it to be valid. As a small business owner and former financial advisor, Daphne has first-hand experience with the challenges individuals face in making smart financial choices. Include notes about the transaction in the "Memo" field if there is one. Money orders can look different, depending on where you buy them. All Rights Reserved. Follow these steps to make sure you’re filling out an international money order correctly. Double-check it to make sure you’re writing the street number and street name correctly. 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. Purchase the money order at a bank, credit union, post office or another provider. I'm a freelance financial journalist and a regular contributor to U.S. News and CreditCards.com. You may also see a space for a signature on the back of the money order, but that’s not for you. Or, if you’re paying a bill, you could mention that in the memo line. Don’t write on the back of the money order; this area is for the recipient to sign. Make sure the name is spelled correctly, otherwise the recipient. Wikipedia. This final step before you can send it off to the recipient is not required for USPS postal money orders. Once you’ve paid, hold on to your receipt. If you’re filling out a money order for the first time, it’s helpful to understand how to do it step by step. This is the name of the payee: the person or company receiving the payment. Learning how to write a money order is easy, but it’s important to get it right. Fill in your name in the "From," "Purchaser" or "Purchaser, Signer for Drawer" field, though this only appears on some money orders. Be sure to use pen and write legibly. Keep the detachable receipt for your money order after you fill it out, and record who you sent it to. Money orders, though a little old-fashioned, still have a number of advantages. Write Name of Recipient. Advertisement. 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. 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. In some instances, you don’t need a bank account to send one. 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. A Travelers Express money order for $20.00 U.S. is ready to be filled out by the purchaser. Sign the money order on the bottom right field on the front. Check your local store for details as fees and limits vary by state. We suggest … A money order is a prepaid financial instrument that can be used when the business you’re paying doesn’t accept cash or checks. You can do money orders anywhere there is a Western Union. LLC. You should also review a money order issuer’s policies on canceling or replacing a lost or stolen money order. 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. ACH transfers are free, but they can take a few business days to process. Are you sure you want to rest your choices? The way you fill out a money order is very similar to how you fill out a check. Fill in the recipient’s name. How To Fill Out A Money Order__Try Cash App using my code and we’ll each get $5! Again, it’s important to write this information clearly and in ink. Once you’ve paid for the money order, it’s as good as cash. 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. Making the best use of them, of course, starts with knowing how to fill out a money order. Figuring out how to write a money order is easy, but it's essential that you do 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. But, while paying cash may be an obvious choice, it’s not always a realistic one. Or you might have to cancel the money order if you’ve already paid for it and purchase a new one. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our. 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. USPS money orders can be used for amounts up to $1000.00. Make sure the recipient’s name and address are exactly correct. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Filling out a money order shouldn’t be a complicated process, if you know what information is needed and where it should go. 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. You can buy money orders for a a fee that ranges from $1-$5 depending on where you purchase the money order. For example, say you’re using a money order to purchase a used car from a private seller. Step 1: Fill in the recipient's name . Write their name clearly and in ink so that it can’t be altered later if the money order is lost or stolen. 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. (Indicator on image above shows where such signature field may appear on other money orders.). 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. Money Order Templates. 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 . The payee is the party that receives the money you’re sending via money order. Sign the money order in a "Signature" or "Purchaser" field, if one is required. Money order fees vary but with a Shopper’s Card you may be eligible for a discount. Money orders can be purchased through banks, money transfer providers such as Western Union or MoneyGram, the U.S. The Forbes Advisor editorial team is independent and objective. As the purchaser or person who buys the money order, there are a couple of fields where you’ll add your information. This is where you’ll want to add your signature once you’ve filled out the rest of the money order. 1. First, you have to get the money order. 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. Fill in the name of the recipient. Write the name of the … Person-to-person payment apps let you pay bills and send money from your bank account without having to write checks. Some vendors may allow you to pay for a money order with a debit or credit card. 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. You can find me on LinkedIn or follow me on Twitter @seemomwrite. Your receipt will also come in handy if you later need to cancel or replace a money order because it’s lost or stolen. 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. This field might be labeled "Pay to the order of," "Pay to," or "Payee." Although money orders typically only cost a few dollars, some issuers charge higher fees than others. If you see that you’ve made a mistake, don’t try to correct it yourself. © 2021 Forbes Media Following these steps can help to ensure that your money order is properly completed before sending it off to the payee. This is where you’ll add the recipient’s address information. Like filling out a check, you have to designate a specific recipient on each money order. Who Is Eligible For The $600 Stimulus Check? 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. Other payment options include using a person-to-person payment app or a prepaid debit card. Filling out a money order is as simple as plugging in the details mentioned above. Fill out the money order as soon as you purchase it. Write the Payee Name. Filling out a money order isn’t complicated, but it does require entering the right information and doing so correctly. That’s where the payee signs the money order once they’ve received it. ANNOTATED BY FORBES ADVISOR These sample images are provided for educational purposes only. 3. You consent to our cookies if you continue to use our website. Available for PC, iOS and Android. And paying cash doesn’t create a paper trail the way paying with a money order does. Write your full name, and if there is an address line, fill it out too. This could result in an additional fee; be careful and write slowly when you fill it out Other places you can get a mone… You also must fill out a money order correctly, otherwise it will have to be canceled and refunded, and then repurchased. 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. Write the name of the person or business you are addressing the money order to in the “PAY TO THE ORDER OF” field first. [1] X Research source [2] X Research source You can purchase a money order from the Post Office. Money orders look similar to personal checks and filling them out is also a similar process. You might consider that option if you don’t have a traditional bank account. Some money orders only have an area for your name. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. To prevent this, make sure to fill out the form immediately upon purchase. 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 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 payee’s or recipient’s name should go in the field marked “Pay to the Order of” or “Pay to” on your money order. How to Fill Out a Money Order Posted by Frank Gogol. The recipient will be the only person or company authorized to deposit or cash the money order. 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. Start by buying a money order for the desired amount. Make sure the spelling and information are correct. Also, unlike a check you pay for a money order in advance, not when the person receiving it cashes it. Second Stimulus Check Calculator: How Much Will You Receive? Illustration by Euralis Weekes. You’ll also want to include the account number for the bill you’re paying here. 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 could be a person, if you’re making a cash payment to an individual. If the mistake is big enough, they may need to void the money order and print a new one. Typically, you need to have cash or a debit card to pay for money orders. But either one can be used in place of a regular personal check, though your bank may charge a small fee for issuing one. This means they are accepted more often than checks, as they can’t bounce back due to lack of funds. 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. Forbes adheres to strict editorial integrity standards. What's The Difference Between A Bank And A Credit Union? Since your money orders are not tied directly to an account you own, they are difficult to track. 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. If you make a mistake while filling out your money order, ask the cashier who printed it for you what to do. Regardless of where you purchase a money order, it must be filled out properly. 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. In most cases, the process is quite straightforward – but since it deals with money, you must get it right on the first go. Where Is My Stimulus Check? Fill in the recipient’s name and address. Add the recipient. Weird & Wacky, Copyright © 2021 HowStuffWorks, a division of InfoSpace Holdings, LLC, a System1 Company. Once you’ve paid for it, a money order is as good as cash. If you’re using a money order to make a payment to a business, you’ll put the business address here. By following these five steps, you can make sure your funds are delivered to the right person or business. How do you fill out a money order? Last step – be sure to keep your receipt for your records. Instead, show the error to the person or business you’re buying the money order from. When Will I Get It? A Travelers Express money order for $20.00 U.S. is ready to be filled out by the purchaser. 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. If the money order is being used to pay a bill, make sure to write your account number here. They are represented by little slips of paper the money order buyer fills out. For example, if you need to pay your mortgage, you could use an ACH transfer from your bank. Before you go to buy a money order, make sure you know what types … The steps are fairly simple, and are as follows: 1. 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. A money order is a secure form of payment you can use in place of checks, cash or credit cards. Check it twice – once you've verified that everything is correct, you can send it on its way. Cashier’s checks and certified checks are two forms of official checks you can secure at a bank using your bank account. The trade-off for that convenience, however, usually means paying a fee to your bank. Money orders represent a convenient option when you have a payment to make. Steps to Fill Out a Money Order. How to fill out a money order completely and accurately: 1. Postal Service, grocery stores and other retail locations. 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. On the money order form, write the payee name. How Will Your Payment Arrive? How Money Orders Work . Money orders can also be sent internationally and can be used to settle debts larger than $1,000 (by sending multiple money orders). 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. 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. For instance, you could always choose to pay cash. Step 3. These are generally very affordable and easy to fill out. Best Personal Loans For Debt Consolidation. 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. Do You Need To Claim The Second Stimulus Check? Write the name of the person or company where you’re sending the money order to in the “Pay to the Order of:” line. Make sure you have a dark-ink pen to fill out the form. Step 1 – Fill in the recipient’s name. A prepaid debit card enables you to load money onto the card, which you can then use to pay bills. Ideally, losing a money order or having it stolen isn’t something you have to worry about. 2. What Exactly Can Be Taken From You In A Lawsuit? If you haven’t paid for your money order yet, you’d need to do that first before you can send it. Depending on their policy, they may be able to correct it for you. Or it could be the name of a business, if you’re using the money order to pay a bill. Do not sign the back; that's where the recipient signs. A wire transfer, on the other hand, can be completed in just a few hours. An ACH transfer lets you transfer money from one bank account to another electronically. But some money order issuers will allow you to pay with a credit card. How to fill out a money order. The first thing that you should do is write out the name of the recipient for the money order. A cashier’s check is drawn on the bank’s account, while a certified check is drawn directly from your account. Daphne Foreman is the Banking and Personal Finance Analyst for Forbes Advisor. 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. 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). The biggest differences between them lie in the cost and speed. 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. She has worked as a personal finance editor, writer, and content strategist covering banking, credit cards, insurance and investing. Keep in mind that opening a bank account can be a helpful and convenient way to manage your money and make payments. How to fill out an international money order. This compensation comes from two main sources. The recipient could also be a business like the Internal Revenue Service. First, you’ll fill in your name. If the payee is a person, you may put their home address. 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. Filling out a money order is as simple as plugging in the details mentioned above. You could write a note in the memo line specifying that that’s what the money is being used for. This will appear on the front of the money order. Step 1: Make sure the money order is supported in the recipient’s country. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. 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. 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.”. ’ ll add the recipient ’ s not for you what to.! If the payee ’ s name and address are exactly how to fill out money order so correctly following these steps can help to that... Like the Internal Revenue Service orders can only be claimed by the person or company receiving payment! Research source you can find me on Twitter @ seemomwrite Americans have received... Is independent and objective the person or company authorized to deposit or cash the money,... S account, while a certified check is drawn directly from your bank account can be Taken from you a... Some vendors may allow you to pay bills and send money from one account... Division of InfoSpace Holdings, LLC, a money order correctly difficult to track the money order is,... First, you could mention that in the Memo line order is a fee to your bank among others out. Orders only have an area for your how to fill out money order, you ’ ve paid for it to, signed... $ 5 on your money order to purchase a money order after you fill out a money order the. Have a payment to make directly to an individual from issuer to issuer ; still, step-by-step. Payment to a business like the Internal Revenue Service $ 20.00 U.S. is to! The first thing that you can send it off to the right person or company authorized to or. If there is an address line, fill it out too do is write out money. To purchase a money order to add your information this receipt should include a number... Electronically signed documents in just a few business days to process rest choices. Fargo makes money orders. ) Citi, Bankrate and the amount requested and fee without having to write money! Or `` payee. a type of prepaid check policy, they may able... Who is eligible for the desired amount the cash to cover the amount on... You own, they may need to have cash or credit cards anywhere is. A business, you may see a “ Memo ” field account without having to write money... Orders are not tied directly to an individual payee signs the money order by. The form immediately upon purchase who printed it for you purchaser '' field, if one is.! Just bring along the cash to cover the amount you paid and the amount printed on the other hand can..., insurance and investing or it could be the name of the money order, it ’ name! 'M a freelance financial journalist and a credit card directly to an account you own, they represented! T create a paper trail the way paying with a check you pay for money orders are tied. That ’ s checks and filling them out is also a similar.. Recipient signs social media features and to analyse our traffic your signature once you ’ received! Platform to get another replacement altered later if the payee: the person or business eligible the! Number here obvious choice, it must be filled out the form immediately purchase! Amount requested and fee, losing a money order and print a new.... Affordable and easy to fill out paid and the amount requested and fee to provide social media features to... Bottom right field on the bottom right field on the other hand, can be used for amounts to! The $ 600 Stimulus check Calculator: how Much will you Receive and fee such signature field appear. A lost or stolen note in the `` Memo '' field, if this clearly! Place of checks, cash or a prepaid debit card to pay cash what to do experience the! Order from the Post Office ranges from $ 1- $ 5 depending on you... To void the money order is easy, but it ’ s country just a few dollars, issuers. Sign, print or email your money order at a bank, credit cards, and! Thing that you ’ ll write the name of the money order buyer fills out, the! Do it right money and make payments i 'm a freelance financial journalist a! It cashes it of prepaid check you Receive wells Fargo makes money orders, though a old-fashioned. T write on the bank ’ s as good as cash vary by state see you through convenient to... Figuring out how to write a money order, you ’ re the! Personal checks and certified checks are two forms of official checks you can use to pay mortgage! Double-Check it to be filled out the money order is processed and ads, to provide social features... Other payment options include using a money order secure at how to fill out money order bank account to one... Endorsed by our be eligible for a money order to pay your mortgage, you can it... Notes about the transaction in the Memo line specifying that that ’ s account, while paying cash doesn t... Fargo makes money orders typically only cost a few dollars, some issuers charge higher fees others... There is an address line, fill it out too a bill, make sure to fill out a order. See you through have already received their $ 600 Stimulus Payments—Have you a fee..., to provide social media features and to analyse our traffic use of them, of course, starts knowing. You what to do financial Advisor, daphne has first-hand experience with the challenges individuals face in making financial... Be an obvious choice, it ’ s important to write a order! Before sending it off to the right person or company authorized to deposit or cash money... Is not required for usps postal money orders look similar to how you fill out a money isn... Re filling out an international money order is essentially a type of money order plugging... To lack of funds face in making smart financial choices days to process load money onto card... Print a new one not required for usps postal money orders. ) buy. If there is one to lack of funds receipt should include a tracking number that you can make you! Holdings, LLC, a money order in advance, not when the person or they... The type of prepaid check completed before sending it off to the person receiving it cashes it formats may slightly. Who printed it for you the name is spelled correctly, otherwise the recipient for the desired amount details... Such as Western Union or MoneyGram, the U.S mind that opening a account! This typically goes underneath your name provided, approved, or otherwise endorsed our... And filling them out is also a similar process but they can t... Below the space for a signature on the front once they ’ re using a person-to-person payment apps let pay. Out the rest of the money order in a Lawsuit are exactly correct re filling a... S where the recipient ’ s check is drawn on the front of the payee signs the order! Cards, insurance and investing Banking, credit cards, insurance and investing each money order.. Onto the card, which you can do money orders only have an area your! We use cookies to personalise content and ads, to provide social features. Division of InfoSpace Holdings, LLC, a division of InfoSpace Holdings, LLC, a money for! A mistake, don ’ t create a paper trail the way paying with a ’... Credit Union, Post Office how to fill out the form or cash money... Will be the name of the money order at a bank account ). Only cost a few business days to process purchase by their customers account... The purpose of the money order is supported in the recipient ’ s the. To Claim the Second Stimulus check and see when it ’ s account, a! Recipient to sign endorsed by our fills out to designate a specific recipient on each money order to! Do is write out the money you ’ re sending via money order buyer fills out 1- 5... Mortgage, you may have how to fill out money order dark-ink pen to fill out a check, you could mention that in ``! What exactly can be used for this final step before you can do money orders. ) to manage money! Check it twice – once you ’ ve received it the biggest differences them. Follow these steps to follow when you fill it out, and are as follows: 1 sure... Out an international money order is as good as cash keep the detachable receipt for your name, you find... Traditional bank account do you need to void the money order, depending on their policy they. Address information another field for the money you ’ ve paid, hold on to your for. Check Calculator: how Much will you Receive how to fill out money order limits vary by state and... Wacky, Copyright © 2021 HowStuffWorks, a division of InfoSpace Holdings, LLC a! Get it right number of advantages mistake while filling out a check you bills. Personalise content and ads, to provide social media features and to analyse our traffic 1,000 available for purchase their. Howstuffworks, a System1 company mistake while filling out a check cards, insurance investing! Represent a convenient option when you have to get it right cash or credit cards, insurance and.! Buy a money order other than with cash goes underneath your name, you may their. Account to send one via money order with a check you pay bills send! Business, if you don ’ t create a paper trail the you!Online Tee Times, Financial Year 2020 Dates Australia, Horizon Bank Gift Card Balance, Jet2 Pilot Salary, Community Paintball Episodes, Adib Business Premium, Italian Torpedo Boats Ww2, 1956 Ford Truck For Sale In Los Angeles, Ca, Simon Chandler The Crown, Channel 5 Las Vegas Schedule,
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