Money orders are more secure than checks because they cannot “bounce” or overdraw the buyer’s bank account. This emindsca will show you how to complete one.
Part 1: Filling Out the Fundamentals of a Money Order
1. Begin by purchasing a money order in the desired amount. Check that the amount you paid matches the amount printed on the money order.
A money order can be purchased from the Post Office. These are typically very inexpensive and simple to complete.
Money orders from the US Postal Service can be used for amounts up to $1000.00.
Banks, check cashing services, and Western Union locations are also places where you can get a money order (including many supermarkets).
Many credit card companies will charge additional fees for money order purchases. To avoid these fees, pay with cash or a debit card.
2. Fill in the “Pay to the Order Of” line as soon as possible. This is where you write the name of the person or company to whom the Money Order is being sent.
Write the person’s or company’s name legibly.
Fill out the form with a blue or black ink pen.
Check that you have the correct spelling of the person or company.
3. Fill in your name here. There should be a field for “From,” “Purchaser,” “Sender,” or “Remitter.”
Use your full legal name or the name that appears on the account for which you are making a payment.
Use blue or black ink, just like the “Pay to the Order Of” line.
Make sure your name is legible.
4. Sign the money order on the front. Some money orders will have a field labelled “Purchaser, Signer for Drawer,” “Purchaser’s signature,” or “Signature” on the front. Fill in the blanks with your full signature.
5. Leave the endorsement signature field empty. Do not sign on the money order’s signature line. Before cashing a money order, the other person or company must sign it on the back.
Part 2: Finishing the Money Order
1. Fill in the address information. Some money orders may only include a section for the buyer’s address.
Fill in your address where it says “Purchaser’s address.”
Please use your current mailing address.
Include the address of the person or company to whom you are sending the money order if there is a second address field.
2. Fill in the memo line with your information. The recipient or company will be curious as to why you are sending a money order.
If you’re sending a receipt for a bill payment, include the bill due date and your account number on this line.
If you are sending a money order to someone you know, write the reason on the memo line, such as “Birthday Gift” or “Debt Payment.”
Fill in any other information you need the person to know on this line.
3. Save your receipt. Your money order will either have a carbon copy underneath it or a portion attached that you can detach and keep for your records.
If your money order is lost or the recipient denies receiving it, the receipt can assist you in resolving these issues.
This receipt should include a tracking number so that you can check on the status if there are any issues.
Without the receipt or tracking number, you may be unable to confirm receipt of the money order or obtain a refund if it is lost.
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