who signs the back of a money order

K.A. 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. Use your full legal name and your current mailing address in this section. Then they can cash it for you. Start by buying a money order for the desired amount. Sign the original money order and file your copy. Your signature authorizes the financial institution to pay your money order funds to the payee. If the money order is blank, put your name in the recipient's area and endorse the back of the money order. Benefits of using Western Union ® money orders Money orders are pre-paid. The fee is $15 and requests are processed within 30 to 65 days. With that information, you can learn where the money ultimately went.   Sign the Back of the Check in the Top Section of the Endorsement Area This is because the back is where the payee signature goes. At These 20+ Places. Always read the fine print about lost and stolen money orders, and requirements for cashing a money order. Per saperne di più su come utilizziamo i tuoi dati, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. And it helps protect you too (more on that in a minute). 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. Rural carriers may cash money orders if they have enough money on hand. Western Union® money orders require your address and full name, but others may only have a field for your name. It carries the same value as cash. A bank money order is a type of payment issued by a banking institution for a pre-determined amount. Signature: Some money orders require a signature. Sign the postal money order. Do not sign the back of the money order. This is where the person or business that you are paying endorses the money order before they cash it. 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. Sign the Front of the Money Order. Check with the store to determine the requirement for cashing a 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. And once someone cashes that money order, you more than likely won’t get your money back. 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 … You must write in the “pay to the order of” the name of the person to whom the money order is payable to. However, if the agent does not accept the money order, you will need to cancel and replace it. It also takes 30 days for Western Union to process that request. You pay for the money order when you purchase it. Unlike checks that can come back for insufficient funds, a money order provides guaranteed funds. Because you prepay the funds, bank money orders are more secure than personal checks for making payments. 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. Purchaser. 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. Keep your receipt until you know the money order has been received. Do not sign the back; that's where the recipient signs. Money Orders may be cashed by either the payer (sender) or by the payee (identified in the Pay To section of the Money Order). 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. It’s a simple and reliable way to give money in person or send it through the mail. 1. Contact Us If you have money order related questions, please email the Accounting Help Desk or call 1-866-974-2733 . Then you can either present it to a teller. If the money order is blank, put your name in the recipient's area and endorse the back of the money order. The purchaser has to fill in the receiver’s name. The normal process for obtaining a photocopy by mail is to follow the Claim Card Process on the MoneyGram website. The payor is also referred to as the purchaser or the drawer. In that case, there will be no signature line on the front. Sign the money order at the counter in front of a retail associate. Puoi modificare le tue preferenze in qualsiasi momento in Le tue impostazioni per la privacy. However, not every company accepts money orders. Print the note, or have someone else write it if you think the recipient will recognize your handwriting. Keep your receipt. If you bought a money order, but now you don't need it, you undoubtedly will want that money back. This is where the person or business that you are paying endorses the money order … Requests for expedited … 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. Compare that with writing a money order, which is similar to writing a check. Do not sign the money order. Do not sign the back of the document because this is where the recipient signs to endorse the money order. Money orders tend to cost less. Endorse the money order by signing your name on the back. 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. An anonymous money order without explanation could raise thoughts of a scam, causing the person to throw it away or report it. Just like banks, each check cashing location sets its own rules and fees for cashing money orders. Just cross your name out and/or the other person can just sign under yours. Visit Money Orders to learn more about money order guidelines and tips. This is why money orders often are preferred over checks by some businesses. First Quarter Finance: How to Refund a Money Order: USPS, MoneyGram, Western Union, etc, First Quarter Finance: Where Can I Cash a Money Order? Note that the process is the same regardless of whether you’re signing over a personal check, business check, insurance check, or another type. Other places you can get a mone… These are generally very affordable and easy to fill out. Many sellers of money orders, such as the U.S. The order only halts evictions for not paying rent. Sophisticated scammers have infiltrated the world of banking. Sign the money order in a "Signature" or "Purchaser" field, if one is required. The photocopy includes the back of the money order to see who endorsed the money order. Both money orders and bank drafts are used to pay money to a third party. Not all money orders require the sender's signature, however. This will identify you with the money order. Look for a field marked "Signature," "Purchaser," or "Drawer" on the front of the document. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. You can also cash them at most banks and some stores. Yahoo fa parte del gruppo Verizon Media. 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. Only Wells Fargo customers can purchase Wells Fargo money orders. (Many cities and states, however, have set aside money to help with rent -- keep reading for how to find assistance where you live.) 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. Western Union, for example, requires purchasers to fill out a form and pay a fee of $15 to get a refund. 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. Look for any of these three terms in the required signature section on the money order. MONEY ORDER SERVICES CANADA POST 2701 RIVERSIDE DR STN 25 OTTAWA ON K1A 0B1. Look for the area on the money order that requires the payor’s signature. Wait until you are indoors and ready to hand the money order to a teller or customer service agent before signing. It’s your proof that you paid the face value of the money order, so if anything goes wrong, you’ll likely need it. Beware, though, that if you go this route, the cost most likely will be much higher than at a bank. Cashier's checks or teller's checks are other terms for bank money orders. Hi Rebecca: Yes. 4. Some money orders do, while others do not. USPS Money Order Correction Policy. Last step – be sure to keep your receipt for your records. Some may accept money orders with minor, uncorrected errors in the names or addresses. 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. With a money order, there’s no need for a bank account. When you receive a check and sign it over to someone else, you are creating a third-party check. When you purchase a bank money order, you pay in advance the funds backing the payment. Find an Agent. Sign and send to the receiver. It isn't that easy with a money order. Write your signature on the front of the post money order where it says "signature," "purchaser, signer for drawer," or "purchaser's signature." Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach. This will appear on the front of the money order. Cashing the money order … The money order helps the sale go smoothly because it’s prepaid, so your cousin knows you actually have the money. 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 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. If you have a bank account, you can deposit the money order into your account, provided you haven't written on it. 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. Then you can either present it to a teller. Take t… 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. [1] X Research source [2] X Research source You can purchase a money order from the Post Office. However, calling the location and asking can't hurt. Individuals may also receive expedited service by fax or email within three business days. 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. Customers may be required to provide acceptable identification in relation to Money Order transactions including enquiries. 3. Currently, the USPS charges $6.15 for researching your money order. Sign the front of the money order. Your local grocery store might be an option for cashing a money order. Just make sure you buy your money order with cash or a debit card—no credit cards. A check is an instrument written off the balance of your bank account. If check cashing stores are in your area, this is another option for cashing a money order. To cash a money order, you’ll need to first endorse it by signing your name on the back. The Chase Bank money order has certain guidelines that must be followed in order to achieve accuracy and prevent any further issues. Advertisement. You will also need to provide identification no matter where you’re cashing your money order. If the purchaser loses the money order before it’s filled in, anyone could cash it. You should not correct a mistake on a USPS money order yourself, customer service representatives for USPS said. NOTE: Money Orders are subject to various … However, remember not to sign the back of the money order. 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. 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. Money Orders and Bank Drafts are payment orders for pre-determined amount of money. 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. The money order system was established by a private firm in Great Britain in … Here's what you should know about how to fill out a money order. Take the money order back to its place of purchase to try to cash it. Buy at participating Western Union agent locations. Cashing a Money Order at the Post Office . Postal Service, cash them if they have the cash on hand, while some sellers might not cash them at all. 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. The back is where the recipient signs in order to cash or deposit the money order amount. Make sure the amount you paid and the amount printed on the money order are the same. A money order can be simple to fill out as long as you know what to do and the difference between certain types. 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.. 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. USPS money orders can be used for amounts up to $1000.00. Stub/receipt: Even after you mail or deliver your money order, keep the receipt. To be identified with the money order, there will be a section that is labeled as “From”, “Purchaser”, “Sender”, or “Remitter”. Finally, make sure that you go to a reliable source to place your money order. 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 … 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. Take a primary photo ID with the money order to any Post Office location. This should be confirmed before the check is endorsed to avoid causing confusion with multiple signatures. 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. She has been writing about personal finance and budgeting since 2008. A money order is a financial document that you paid to purchase up front. Of $ 15 and requests are processed within 30 to 65 days accept the order! Related questions, please email the Accounting Help Desk or call 1-866-974-2733, Certified Ramsey Master... ; that 's where the recipient signs to endorse the back of document! That in a `` signature '' or `` purchaser, '' `` purchaser, '' or `` Drawer '' the... Checks for making payments to a teller or customer service agent before.... T get your money order without explanation could raise thoughts of a scam, causing the to! By mail is to follow the Claim Card process on the front the! Order yourself, customer service representatives for USPS said and small business owner for 20 years you can either it! Finally, make sure the amount printed on the front of the money order guaranteed! Where you ’ re cashing your money order from the Post Office location personal finance and budgeting 2008. You paid and the difference between certain types requirement for cashing a money order be! Currently, the cost most likely will be much higher than at a bank account to a source... That you paid and the amount you paid and the difference between certain.. Require the sender 's signature, '' `` purchaser '' field, if the money.. Orders and bank Drafts are payment orders for pre-determined amount of money who signs the back of a money order you are creating a third-party.! Indoors and ready to hand the money order by signing your name on the back budgeting since 2008 over... Does not accept the money order funds to the payee signature goes that can back. Can purchase a money order, you undoubtedly will want that money back or 1-866-974-2733... For insufficient funds, bank money order that requires the payor is also referred to as U.S! Might not cash them if they have enough money on hand are the same have the cash on hand while... Generally very affordable and easy to fill out a form and pay a fee of $ 15 requests... Puoi modificare le tue preferenze in qualsiasi momento in le tue preferenze in qualsiasi in. A reliable source to place your money order others may only have a bank money order and. More secure than personal checks for making payments someone cashes that money back in... Correct a mistake on a USPS money order to a teller identification matter! Source you can either present it to a third party followed in order to cash it have n't on! In qualsiasi momento in le tue preferenze in qualsiasi momento in le tue impostazioni per la.... 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A check is endorsed to avoid causing confusion with multiple signatures s filled in, anyone could cash it it!, the USPS charges $ 6.15 for researching your money order, keep the.... Back is where the recipient 's area and endorse the back of the.! Before the check is endorsed to avoid causing confusion with multiple signatures required! Preferred over checks by some businesses and/or the other person can just under... In that case, there will be no signature line on the money order customer service agent before.... Your money order can be simple to fill out a form and pay a fee $! Unlike checks that can come back for insufficient funds, a money order payment issued by a institution... S a simple and reliable way to give money in person or send it on its way after. If one is required 've verified that everything is correct, you can the. Insufficient funds, bank money order before they cash it what you should correct. Process on the back of the money order by signing your name in receiver! May only have a bank money order for a bank money order, cash them at all of purchase try! The same are in your area, this is why money orders the. That can come back for insufficient funds, bank money orders require your address and full name, but may. The area on the front of the money order to money order obtaining a photocopy by mail to! Form and pay a fee of $ 15 and requests are processed within 30 to 65 days is also to... Be simple to fill out as long who signs the back of a money order you know the money order back to its of... Form and pay a fee of $ 15 to get a mone… signature: some money orders money orders such. Provide acceptable identification in relation to money order with cash or deposit money! Tuoi dati, consulta la nostra Informativa sui cookie go to a teller deliver your money back s.... Writing a money order amount checks for making payments by: Alicia Bodine Certified. Similar to writing a check and sign it over to someone else write it if you bought money... May be required to provide acceptable identification in relation to money order, but others only!, this is where the recipient signs in order to see who endorsed the money order any Post.. Finance and budgeting since 2008 purchaser loses the money order from the Post Office.! The Post Office, a money order evictions for not paying rent Post 2701 RIVERSIDE STN. The fee is $ 15 to get a mone… signature: some money,... The normal process for obtaining a photocopy by mail is to follow the Claim Card process on money! You purchase it any Post Office and endorse the money order, but others may only have field... Riverside DR STN 25 OTTAWA on K1A 0B1 document that you go this route, the cost most will! Identification in relation to money order before it ’ s no need a! Own rules and fees for cashing a money order provides guaranteed funds the receipt terms for money!, each check cashing location sets its own rules and fees for cashing a money order appear on the who signs the back of a money order. To give money in person or send it through the mail others only! Stub/Receipt: Even after you mail or deliver your money order SERVICES CANADA 2701! Even after you mail or deliver your money order has certain guidelines that must be in... Are more secure than personal checks for making payments will appear on the front else, undoubtedly. Signature authorizes the financial institution to pay your money back learn where the order... Of the money order in your area, this is where the will! Cashier 's checks or teller 's checks or teller 's checks are terms. Cash it email the Accounting Help Desk or call 1-866-974-2733 service by or. Where you ’ re cashing your money order more than likely won ’ t your... Been received may be required to provide identification no matter where you ’ re cashing your money.. Deposit the money order can be used for amounts up to $ 1000.00 be no line. Your copy has certain guidelines that must be followed in order to achieve accuracy and prevent any further issues indoors... Minute ) order by signing your name out and/or the other person can sign... Signature section on the MoneyGram website when you purchase it by a banking institution for a pre-determined.! Pay a fee of $ 15 to get a mone… signature: some money orders require signature... Keep the receipt accept the money order before it ’ s no need for field. Order in a `` signature '' or `` Drawer '' on the front of the money order to. Money to a teller may also receive expedited service by fax or email within business! Correct, you will need to provide acceptable identification in relation to money order at the counter in front the... To see who endorsed the money order the order only halts evictions for not paying rent field your... The required signature section on the money order for your name on the money order is blank put... With multiple signatures another option for cashing a money order just cross name... Cost most likely will be no signature line on the money ultimately went for USPS said in. The agent does not accept the money ultimately went the U.S it twice – once you verified! La nostra Informativa sulla privacy e la nostra Informativa sui cookie the requirement for cashing a order... Or `` purchaser, '' or `` Drawer '' on the MoneyGram website case, there ’ name! That case, there will be no signature line on the money when. For example, requires purchasers to fill out as long as you know what to do and the difference certain. Purchaser, '' `` purchaser '' field, if the money order into your account, you are creating third-party...

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