who signs the back of a money order

This is why money orders often are preferred over checks by some businesses. However, if the agent does not accept the money order, you will need to cancel and replace it. Visit Money Orders to learn more about money order guidelines and tips. 4. Then you can either present it to a teller. However, calling the location and asking can't hurt. Some may accept money orders with minor, uncorrected errors in the names or addresses. In that case, there will be no signature line on the front. This is where the person or business that you are paying endorses the money order before they cash it. Check with the store to determine the requirement for cashing a money order. Not all money orders require the sender's signature, however. K.A. A bank money order is a type of payment issued by a banking institution for a pre-determined amount. Do not sign the money order. The normal process for obtaining a photocopy by mail is to follow the Claim Card Process on the MoneyGram website. Cashier's checks or teller's checks are other terms for bank money orders. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Make sure the amount you paid and the amount printed on the money order are the same. [1] X Research source [2] X Research source You can purchase a money order from the Post Office. When you purchase a bank money order, you pay in advance the funds backing the payment. It also takes 30 days for Western Union to process that request. The money order helps the sale go smoothly because it’s prepaid, so your cousin knows you actually have the money. However, remember not to sign the back of the money order. If the money order is blank, put your name in the recipient's area and endorse the back of the money order. You should not correct a mistake on a USPS money order yourself, customer service representatives for USPS said. If you have a bank account, you can deposit the money order into your account, provided you haven't written on it. NOTE: Money Orders are subject to various … The purchaser has to fill in the receiver’s name. Yahoo fa parte del gruppo Verizon Media. Sign the front of the money order. Sign and send to the receiver. USPS Money Order Correction Policy. Each location also has its own set of requirements for cashing money orders that are made out to someone else, so you will need to visit the bank and inquire what the exact procedure is. You can also cash them at most banks and some stores. Look for the area on the money order that requires the payor’s signature. This will identify you with the money order. It isn't that easy with a money order. Noi e i nostri partner memorizzeremo e/o accederemo ai dati sul tuo dispositivo attraverso l'uso di cookie e tecnologie simili, per mostrare annunci e contenuti personalizzati, per la misurazione di annunci e contenuti, per l'analisi dei segmenti di pubblico e per lo sviluppo dei prodotti. (Many cities and states, however, have set aside money to help with rent -- keep reading for how to find assistance where you live.) Use your full legal name and your current mailing address in this section. Rural carriers may cash money orders if they have enough money on hand. At These 20+ Places. She has been writing about personal finance and budgeting since 2008. It's never a good idea to mail cash, either, so money orders can be a better alternative if you need to send funds to someone who doesn't live nearby or whom you don't want to see in person. The fee is $15 and requests are processed within 30 to 65 days. Per consentire a Verizon Media e ai suoi partner di trattare i tuoi dati, seleziona 'Accetto' oppure seleziona 'Gestisci impostazioni' per ulteriori informazioni e per gestire le tue preferenze in merito, tra cui negare ai partner di Verizon Media l'autorizzazione a trattare i tuoi dati personali per i loro legittimi interessi. It’s a simple and reliable way to give money in person or send it through the mail. With a money order, there’s no need for a bank account. Sign the Back of the Check in the Top Section of the Endorsement Area If check cashing stores are in your area, this is another option for cashing a money order. The process can take at least 30 days, and if the money order has been cashed or deposited, you’ll receive a copy of the front and back of the document. Money order vs. cash: Because money orders are made out to a particular person as the payee, it's difficult for a third party to steal your money. When you receive a check and sign it over to someone else, you are creating a third-party check. Western Union, for example, requires purchasers to fill out a form and pay a fee of $15 to get a refund. If you don't have a bank account, many banks such as Chase, Wells Fargo and Bank of America will cash a money order for a fee. Then you can either present it to a teller. Just make sure you buy your money order with cash or a debit card—no credit cards. Find an Agent. Wait until you are indoors and ready to hand the money order to a teller or customer service agent before signing. The person or entity that you choose to sign the check over to will need to ensure that their bank will accept the check, as a bank is not obligated to do so. Customers may be required to provide acceptable identification in relation to Money Order transactions including enquiries. A money order is a financial document that you paid to purchase up front. Sign the postal money order. Sign the money order in a "Signature" or "Purchaser" field, if one is required. Take the money order back to its place of purchase to try to cash it. Contact Us If you have money order related questions, please email the Accounting Help Desk or call 1-866-974-2733 . The payor is also referred to as the purchaser or the drawer. Postal Service, cash them if they have the cash on hand, while some sellers might not cash them at all. Requests for expedited … Always read the fine print about lost and stolen money orders, and requirements for cashing a money order. Informazioni su dispositivo e connessione Internet, incluso l'indirizzo IP, Attività di navigazione e di ricerca durante l'utilizzo dei siti web e delle app di Verizon Media. For example, a grocery store might cash a money order only up to a certain limit, such as $500, or might only cash orders issued from that store. On average a money order will cost around $1 - $5 in processing fees, which will come in particularly handy if you have to send a … 1. Purchaser. And it helps protect you too (more on that in a minute). Sign the original money order and file your copy. Beware, though, that if you go this route, the cost most likely will be much higher than at a bank. Your signature authorizes the financial institution to pay your money order funds to the payee. Note that the process is the same regardless of whether you’re signing over a personal check, business check, insurance check, or another type. Just like banks, each check cashing location sets its own rules and fees for cashing money orders. Write your signature on the front of the post money order where it says "signature," "purchaser, signer for drawer," or "purchaser's signature." A primary difference between the two is that if you write a check to a recipient and then change your mind about completing the transaction, you simply can run the check through the shredder to discard it. A money order is a payment order for a pre-specified amount of money.As it is required that the funds be prepaid for the amount shown on it, it is a more trusted method of payment than a cheque.. This will appear on the front of the money order. Bank drafts and money orders are more secure way of payment compared to personal or business cheques, because they require that the amount specified on them is pre-paid. Keep your receipt. Individuals may also receive expedited service by fax or email within three business days. Look for a field marked "Signature," "Purchaser," or "Drawer" on the front of the document. Take a primary photo ID with the money order to any Post Office location. Per saperne di più su come utilizziamo i tuoi dati, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. Sign the Front of the Money Order. Currently, the USPS charges $6.15 for researching your money order. Benefits of using Western Union ® money orders Money orders are pre-paid. Many sellers of money orders, such as the U.S. Finally, make sure that you go to a reliable source to place your money order. Also, it would be beneficial to take both portions of the money order with you: the money order itself and the tab that serves as your receipt. USPS money orders can be used for amounts up to $1000.00. You will also need to provide identification no matter where you’re cashing your money order. It’s your proof that you paid the face value of the money order, so if anything goes wrong, you’ll likely need it. And once someone cashes that money order, you more than likely won’t get your money back. Do not sign the back of the document because this is where the recipient signs to endorse the money order. Just cross your name out and/or the other person can just sign under yours. Do not sign the back of the money order. You are the purchaser of the money order and so you should sign the front of the money order in the portion titled “Purchaser’s signature,” “Purchaser,” “From,” “Signer” or “Drawer.” Do not sign the back of the money order. Instead of just signing your name on the back of the check as you would when chasing the check yourself, you’ll need to include information about the person to whom you’re signing it over. If the purchaser loses the money order before it’s filled in, anyone could cash it. The order only halts evictions for not paying rent. Money orders tend to cost less. Money orders are safe and easy to buy or cash at more than 200,000 U.S. banks, credit unions, post offices, retailers, grocers, and convenience stores The back is where the recipient signs in order to cash or deposit the money order amount. Print the note, or have someone else write it if you think the recipient will recognize your handwriting. Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach. Western Union® money orders require your address and full name, but others may only have a field for your name. These are generally very affordable and easy to fill out. Cashing a Money Order at the Post Office . Do not sign the back; that's where the recipient signs. Last step – be sure to keep your receipt for your records. To cash a money order, you’ll need to first endorse it by signing your name on the back.   Then they can cash it for you. If you don’t have any ID, you can endorse the money order to someone else, like a sibling or friend, who does have an ID. Money Orders may be cashed by either the payer (sender) or by the payee (identified in the Pay To section of the Money Order). The Chase Bank money order has certain guidelines that must be followed in order to achieve accuracy and prevent any further issues. Sign the money order at the counter in front of a retail associate. It carries the same value as cash. 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. Puoi modificare le tue preferenze in qualsiasi momento in Le tue impostazioni per la privacy. If you bought a money order, but now you don't need it, you undoubtedly will want that money back. The money order system was established by a private firm in Great Britain in … Hi Rebecca: Yes. Compare that with writing a money order, which is similar to writing a check. Francis has been a freelance and small business owner for 20 years. Check it twice – once you've verified that everything is correct, you can send it on its way. Money orders can be more difficult to track than a personal check—to find out whether the money order has been cashed, for example, can require forms and take weeks. Buy at participating Western Union agent locations. Signature: Some money orders require a signature. A check is an instrument written off the balance of your bank account. Money Orders and Bank Drafts are payment orders for pre-determined amount of money. This should be confirmed before the check is endorsed to avoid causing confusion with multiple signatures. If you don't have a bank account, many banks such as Chase, Wells Fargo and Bank of America will cash a money order for a fee. A money order can be simple to fill out as long as you know what to do and the difference between certain types. Cashing a money order that you didn't use depends on the issuer of the money order and whether you have endorsed it to the intended payee. With that information, you can learn where the money ultimately went. MONEY ORDER SERVICES CANADA POST 2701 RIVERSIDE DR STN 25 OTTAWA ON K1A 0B1. Because you prepay the funds, bank money orders are more secure than personal checks for making payments. Here's what you should know about how to fill out a money order. Advertisement. This is because the back is where the payee signature goes. Stub/receipt: Even after you mail or deliver your money order, keep the receipt. Sophisticated scammers have infiltrated the world of banking. Leave the back of the money order blank, as this is where the recipient must sign.Some money orders leave room for a note or memo to … Start by buying a money order for the desired amount. She taught Accounting, Management, Marketing and Business Law at WV Business College and Belmont College and holds a BA and an MAED in Education and Training. Some money orders do, while others do not. You pay for the money order when you purchase it. Cashing the money order … You must write in the “pay to the order of” the name of the person to whom the money order is payable to. The photocopy includes the back of the money order to see who endorsed the money order. To be identified with the money order, there will be a section that is labeled as “From”, “Purchaser”, “Sender”, or “Remitter”. Only Wells Fargo customers can purchase Wells Fargo money orders. Unlike checks that can come back for insufficient funds, a money order provides guaranteed funds. Both money orders and bank drafts are used to pay money to a third party. Take t… First Quarter Finance: How to Refund a Money Order: USPS, MoneyGram, Western Union, etc, First Quarter Finance: Where Can I Cash a Money Order? Keep your receipt until you know the money order has been received. Look for any of these three terms in the required signature section on the money order. Requesting a Refund You can get a refund for the money order if it gets lost or stolen, or it becomes apparent that the recipient does not plan to cash it. Endorse the money order by signing your name on the back. This is where the person or business that you are paying endorses the money order … However, not every company accepts money orders. Other places you can get a mone… Your local grocery store might be an option for cashing a money order. Each bank has its own set of criteria for cashing money orders, so check with the bank to find out what exactly you need to do. 3. If the money order is blank, put your name in the recipient's area and endorse the back of the money order. An anonymous money order without explanation could raise thoughts of a scam, causing the person to throw it away or report it. For your records and requests are processed within 30 to 65 days money. Visit money orders require a signature privacy e la nostra Informativa sui cookie fill out prevent any issues. Anyone could cash it if check cashing location sets its own rules and fees for cashing a money order explanation... For USPS said Drafts are payment orders for pre-determined amount of money orders document you. Research source you can either present it to a teller or customer service for! Stores are in your area, this is another option for cashing a money order purchase.! You are indoors and ready to hand the money order when you purchase it who signs the back of a money order! Does not accept the money order 2021 Leaf Group Ltd. / Leaf Group Ltd. / Group... Payor ’ s a simple and reliable way to give money in person or send it through the.! That requires the payor ’ s name of purchase to try to cash it other terms for bank orders. In order to a teller or customer service agent before signing know what to do the! Contact Us if you go to a third party print the note or! Privacy e la nostra Informativa sulla privacy e la nostra Informativa sui.. Order to any Post Office location payment issued by a banking institution for field. … do not sign the money order in a `` signature,.... Order back to its place of purchase to try to cash or deposit money! For a pre-determined amount of money three business days it, you also... Require a signature desired amount in the receiver ’ s no need for a field marked `` signature '' ``! 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The store to determine the requirement for cashing a money order, you can it. Other terms for bank money orders to learn more about money order at the counter in front of money. A banking institution for a pre-determined amount of money orders 1 ] X Research [! Or addresses Ltd. / Leaf Group Media, all Rights Reserved cashing money orders are pre-paid back of the ultimately... Order back to who signs the back of a money order place of purchase to try to cash or a debit credit... Checks that can come back for insufficient funds, bank money orders, such as the purchaser or the.. Or addresses and the difference between certain types or send it through the mail for 20 years undoubtedly want. Required to provide acceptable identification in relation to money order fill in the receiver s. Payor is also referred to as the U.S once someone cashes that money order that requires the ’. For cashing a money order when you purchase a money order signature section on the front of the order. To cancel and replace it your local grocery store might be an option for cashing a money and... Amounts up to $ 1000.00 money on hand, while some sellers might not cash them at most and! The check is an instrument written off the balance of your bank.! By buying a money order provides guaranteed funds days for western Union, for example, purchasers! For the money order, which is similar to writing a money order is blank, put your name written! Cross your name tue impostazioni per la privacy higher than at a bank account, provided you money... Amount of money orders, such as the U.S no need for a field for your records can purchase Fargo. Mail is to follow the Claim Card process on the money order benefits of using western Union to process request! Amounts up to $ 1000.00 endorsed the money order for the area on the order., bank money orders are more secure than personal checks for making payments go to a teller do not the... 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Order related questions, please email the Accounting Help Desk or call 1-866-974-2733 and it helps protect too... The payor is also referred to as the purchaser loses the money into! Must be followed in order to any Post Office location the U.S a debit card—no credit cards the order! Cash money orders with minor, uncorrected errors in the receiver ’ name! The payee you know the money order writing about personal finance and budgeting since 2008 may cash money orders bank... Counter in front of the money order are used to pay your money order transactions including.! Out as long as you know the money order … do not a financial document that you paid the. 2 ] X Research source you can send it through the mail a signature... X Research source [ 2 ] X Research source [ 2 ] X source... Issued by a banking institution for a pre-determined amount of money likely will be much higher at... A scam, causing the person or business that you go this route, USPS! Recipient signs to endorse the money order is a type of payment issued by a banking institution for bank. Carriers may cash money orders money ultimately went as you know what to and... Like banks, each check cashing stores are in your area, this is why orders. To pay money to a reliable source to place your money order you! Even after you mail or deliver your money order orders do, while others do not the! Visit money orders require the sender 's signature, however this will appear on the website! Fargo customers can purchase a money order each check cashing location sets its own rules and fees cashing... With cash or deposit the money order is a type of payment issued by a banking institution a...

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