Integrated Publishing: Cashing Money Orders. If the "payable to" field is blank, the purchaser can simply write his name in the field and endorse the back of the money order to cash it. In fact, many consumers have questions about how to properly use a money order because they are infrequently used. Keep your receipt. These should be filled out at the time you purchase the money order. . Short Answer: You can deposit money orders into a checking or savings account — including someone else’s bank account — since money orders are generally subject to the same depositing rules as personal checks. Store your receipt in a safe place, in case there’s a … The signature typically should be placed on the money order with witness by the bank representative or another representative of the venue where you will be cashing your money order. This can, in theory, protect you. 03 Oct. 2012. Sign the front of the money order. Furthermore, additional documentation regarding your identity may be required before you can receive money from the money order. Banks accept U.S. For more about depositing money orders, see below. However, bear in mind that you typically need to walk inside a bank and receive teller service in order to deposit or cash a money order. “Getting Started Guide.” Wells Fargo. Typically, the front of the money order will have fields for the recipient’s name and address as well as the purchaser’s name and address. However, there are a few third-party check-cashing agencies that will cash the money order without requiring identification. 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. The one whose name appears on the front of the money order will sign on the back when they go to cash ot. Money orders are similar to a check but the funds are guaranteed by the issuer of the money order. Sign the money order at the counter in front of a retail associate. Do not sign the back of the document because this is where the recipient signs to endorse the money order. Be sure to take a photo or make a copy of the money order so you can have the information available if you need to track it. However, some sellers may require the signatures of a purchaser as an assent to the conditions affecting the liability of the money order issuer. Sign the front of the money order in the portion labeled for your signature. The usage of money orders is similar to check-writing. Do not sign the back of the money order. Sign the Front of the Money Order. If the "payable to" field includes a name other than the purchaser's name, the purchaser should write "not used for purpose intended" on the back of the money order. Short answer: If you are cashing a negotiable draft, then you will merely sign the back. Legally, a purchaser's signature is not required for a money order to be negotiable since it has been already paid for in cash. You can also use a money order to open a new bank account. If you are paying with a money order, you will only fill out the front side of the money order. Sign the front of the money order Just where it indicates, you need to sign it on the front. Sign the money order to endorse the deposit of the money to your bank account. Sign the back of the money order on the line provided with a pen. If you are depositing, write “FOR DEPOSIT ONLY [Account #]” above your signature on back. The recipient of the money order needs to sign it. Many institutions require that you sign it in front of the teller. When the money order recipient receives the money order, he is required to sign the back. Before the wire transfer recipient can receive the wire transfer funds, he must sign the printed money order. A money order is a traceable means for an individual to pay for products and services. Smart Asset: Where Can I Cash a Money Order? You would not sign the back of the cheque that you are giving to someone. This is the same as writing a cheque. 5. This is done by the recipient in the same fashion as is done with a personal check. If the money order asks for the purchaser’s address, you should be sure to include the address that you have written on question number #5 on the I-765 form. Fill out your complete address — street, city, state, and zip code — on the “Address” line. Don’t sign the back. When cashing in person, you’ll need a valid form of identification, such as a driver’s license or passport. This will appear on the front of the money order. Some money orders have a “payment for/account number” field. Sign the bottom where it says ‘purchaser’s signature’ Your signature is important here, because it makes the money order official. Check it twice – once you've verified that everything is correct, you can send it on its way. In order to cash a money order or deposit it into your bank account, you will need to endorse the back of the document. Other fields that must be completed include the purchaser's name and address. For instance, the individual may purchase the money order, only to discover that he no longer needs it. Keep the money order receipt Depending where get the money order, it will either have a detachable receipt or the seller will simply give you a separate receipt. Sign the money order. Take a primary photo ID with the money order to any Post Office location. If you don’t need the money right away and you have a bank account, consider depositing it. You would not sign the back of the cheque that you are giving to someone. The important thing is, you’re still paying what you owe. Sign the Front of the Money Order Sign the front of the money order. On the right side write the name of the purchaser of the money order. On most money orders, it’s your signature that’s requested, just as you sign a check. Do not sign the money order. Signature: Some money orders require a signature. Depending on where you cash your money order, you may pay a small check-cashing fee. Do not sign the back of the order, that space is reserved for the person endorsing the money order, the recipient of the payment. When you’re ready to cash or deposit a money order, endorse the back just like you do a check. However, it does not require an individual to have a checking account. 4  But on USPS money orders, the blank is only labeled “From.” Whether you write or … This is your proof of payment. 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 specify the payment’s purpose. This will avoid questions later! Sign the money order at the counter in front of a retail associate. A money order is a payment slip guaranteed by a third party.Essentially it's a certificate that entitles the bearer to get the stated amount of cash. There are several ways for the purchaser to cash the money order. Money orders offer a safe alternative form of payment to a regular check. Faizah Imani, an educator, minister and published author, has worked with clients such as Harrison House Author, Thomas Weeks III, Candle Of Prayer Company and "Truth & Church Magazine." Keep your receipt. 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. Money order scams usually target online sellers of merchandise or services, but buyers can fall victim as well. Endorse your money order. In order for the recipient to cash the money order, his name must be written in the "payable to" field. Alternatives to money orders Do not sign the money order. https://www.sophisticatededge.com/do-you-sign-the-back-of-a-money-order.html Do not sign the back of the postal money order, as this is where the recipient is supposed to sign. After checking it over for accuracy, you can send the money order as you would a check. Sign and send to the receiver. When you’re ready to cash or deposit a money order, endorse the back just like you do a check. Before you start writing keep in mind that you need to make it easy to read, so always use capital letters and make a point to write clearly. In order to cash a money order, most agencies require a valid photo identification from the individual attempting to cash the check. When you buy a money order, you should receive a receipt with the order details. Bring the money order to your bank. Once endorsed, the wire transfer company will provide the individual with cash from the wire transfer. They are also a convenient way to pay if you don’t have a checking account or you need to pay someone who doesn’t accept checks. See additional requirements for money orders made out to organizations, more than one person, and minors. Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach. The one whose name appears on the front of the money order will … Whenever wire transfers are submitted to an individual through companies, such as Western Union or MoneyGram, the recipient receives the wire transfer in the form of a money order. The field indicating the amount of the money order typically is filled out by the bank or other venue where you are purchasing the money order. Blue or black ink is preferable because it scans better than other color ink, but any darker ink will work. The recipient needs to endorse a money order for deposit in the same manner as a personal check. When the money order recipient receives the money order, he is required to sign the back. Web. 03 Oct. 2012. Money orders can be purchased through banks, money transfer providers such as … Before you use a money order to pay a merchant or receive payment, it's important to know how money order fraudsters operate. Complete the money order tracing/refund request form on the back of the money order receipt and return it, along with a $15 non-refundable processing fee, to the address listed there. Look for a field marked "Signature," "Purchaser," or "Drawer" on the front of the document. Cashing a Money Order at the Post Office . The person cashing it. Find an Agent. 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 specify the payment’s purpose. The line may instead read “Signature” or “Purchaser.” Do not to sign the back where it is marked “Endorsement Signature.” That is where the recipient of the money order will sign before cashing it in. See additional requirements for money orders made out to organizations, more than one person, and minors. Sign the Money Order Sign the back of the money order on the line provided with a pen. Depending on where you cash your money order, you may pay a small check-cashing fee. Depending upon who is cashing the money order, a signature may or may not be required. Firstly, he can take the money order back to the merchant it was purchased from. That area is for the person who receives it. There are two places to record names on our money orders. The purchaser can present his receipt for the money order and request a refund. The signature line on the back of the money order is for the other person or company to endorse it … When a money order is purchased, the purchaser should complete the "payable to" field. When cashing in person, you’ll need a valid form of identification, such as a driver’s license or passport. Take a primary photo ID with the money order to any Post Office location. This will avoid questions later! Do You Sign the Back of a Money Order? One area that causes confusion with both those who pay with a money order and those who receive the money order is the signature area on the back of the money order. When cashing a money order through a third-party check-cashing agency, an individual will often be charged a cashing fee. Like the other major issuers, banks recommend that you do not make changes to money orders on your own. A money order is often considered a more secure method of guaranteed payment than a personal check, but it also can be more time-consuming and even costly to use. Do NOT sign the back of the money order. As great as money orders are at protecting your identity, you still need to use good judgment and watch out for scams, like counterfeit money orders. Money orders can be a convenient way to receive or send money—but they're also susceptible to fraud. File the receipt of the money order so you can present it if the money order is lost or if it’s made out to the wrong person. Web. Filling it out helps make sure your account is credited for the payment. N.p., n.d. This is where the person or business that you are paying endorses the money order before they cash it. Blue or black ink is preferable because it scans better than other color ink, but any darker ink will work. There are no fields for the purchaser to sign on the back of the money order. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. You will also want to keep the receipt portion of the money order for your records as that is the only way you can track your payment. Do not sign the back of the money order. Cashing the money order … If the name of an organization or agency is written in the "payable to" field, the individual endorsing the money order may be required to provide proof of affiliation with the organization. N.p., n.d. Do not sign the back; that's where the recipient signs. After checking it over for accuracy, you can send the money order as you would a check. Give the signed money order to a teller at your bank, and ask them to deposit the money into your account, the same way as you would with a check. Sign the money order in a "Signature" or "Purchaser" field, if one is required. 4. To purchase a money order, you will need to walk into a bank or another venue that sells money orders. The casher (such as USPS) will require an ID to protect themselves. On the left side write who the money order is payable to. Her dossier includes JaZaMM WebDesigns, assistant high-school band director, district manager for the Clarion Ledger and event coordinator for the Vicksburg Convention Center. Do not sign the back of the order, that space is reserved for the person endorsing the money order, the recipient of the payment. This is where the person or business that you are paying endorses the money order before they cash it. Correction policies for bank-issued money orders are generally consistent across most banks. . A funds order is a variety of charge. The section for a signature on the back is for the recipient of the money order. Do not sign on the line on the back of the money order. In that case, there will be no signature line on the front. Step 5. Make sure the endorsement on the back matches the name on the front of the money order otherwise the recipient cashing the money order might reject it. In order for the recipient to cash the money order, his name must be written in the "payable to" field. Review our full list of where to cash a money order in the section below. A money order is a piece of paper but it is more secure than cash because it names a specific recipient, who will have to endorse it and show identification in order to cash it. A money order is a secure form of payment you can use in place of checks, cash or credit cards. Step 3 – Write your address in the Address section. After that, sign where the money order requires the payor’s signature to authorize the financial institution to pay your money order funds. The money order may not be valid if it is not signed. The back of the money order has a line for the recipient’s signature, so make sure you sign on the front, not on the back. Wait to add your signature to the back of the money order until you’re ready to hand it over to the cashier. Keep your receipt until you know the money order has been received. These cannot be written in the same convenient method that a personal check can, and so they are not utilized as often as personal checks are. To track the transaction, you’ll need to provide the money order number and the order amount. “How to Deposit a Money Order.” BankingQuestions.com . He can then endorse the back of the money order and cash it. Although the purchaser isn't required to sign the money order, the recipient will need to do so in order to access the funds. We spoke with representatives at Bank of America, Chase, Citibank (which issues Western Union money orders), TD Bank, and Wells Fargo. You’re just protecting your accounts and identity from crummy collectors while you do it. 4. They can’t bounce like a check so it’s much safer to receive a money order as payment. Not all money orders require the sender's signature, however. U bypass 2 any keep with in spite of quantity u choose to placed on the money order--for instance u can get a funds order to pay ur hire or costs or something u might have ordered off the television; easily it truly is a variety of charge. Make sure the endorsement on the back matches the name on the front of the money order otherwise the recipient cashing the money order might reject it. Alternatives to money orders Western Union: How to Fill Out a Money Order. Before you start writing keep in mind that you need to make it easy to read, so always use capital letters and make a point to write clearly. Avoiding Money Order Scams. Occasionally, the individual who purchases the money order has to return the money order for a refund. The named payee must sign in order to receive the cash. You can take the money order to your bank, credit union, grocery store, and some retail stores. This money order cashing fee is generally a percentage of the total money order amount. 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'S name and address money transfer providers such as … sign the of! Purchaser should complete the `` payable to '' field, if one is to! Is generally a percentage of the money order has to return the money order his! Media, all Rights Reserved most money orders on your own they cash it with. The cash that he no longer needs it photo identification from the money order as you would sign. Write the name of the purchaser can present his receipt for the person or that. Fill out the front of the teller made out to organizations, than! Open a new bank account `` signature, however company will provide the individual attempting to or. Is payable to order on the back of the money order, his must! ; that 's where the recipient to cash the money order and request a refund completed. Many institutions require that you do a check but the funds are guaranteed by the recipient of money! A primary photo ID with the money order is a secure form of identification such... Store, and some retail stores ink is preferable because it scans better than other ink... Grocery store, and some retail stores to protect themselves it twice – once you 've verified that is! Requiring identification a third-party check-cashing agency, an individual to pay for products services... A convenient way to receive the cash still paying what you owe write who money! A traceable means for an individual will often be charged a cashing fee is generally a percentage of the order! Fact, many consumers have questions about how to fill out your complete address —,... Valid form of identification, such as … sign the money order write name... Side write who the money order and cash it recommend that you are giving to someone agencies a... Or black ink is preferable because it scans better than other color ink, any! Venue that sells money orders have a “ payment for/account number ” field only [ #! Will appear on the back of the money order, you will need to walk into a or. Cash or credit cards over for accuracy, you will need to walk into a bank or venue!: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach the order details can present his receipt the! Susceptible to fraud take a primary photo ID with the money order is purchased, individual... Alternative form of identification, such as … sign the back of the cheque that are! Written in the `` payable to '' field, if one is to! Can I cash a money order and cash it order to endorse money... Name appears on the line provided with a pen one person, and minors while you do a check is. Is supposed to sign 3 – write your address in the address.! Merchant or receive payment, it does not require an ID to protect themselves marked `` signature, however money. Sellers of merchandise or services, but any darker ink will work who purchases the money at. Better than other color ink, but buyers can fall victim as well additional for! Write “ for deposit in the same manner as a driver ’ s or!, a signature on back of identification, such as USPS ) will require an ID to protect.. Regular check by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach darker will. How to fill out the front of the money order amount a small check-cashing fee can... You know the money order the one whose name appears on the back of the money order before cash... About how to fill out a money order just where it indicates, you ’ re still what. Area is for the recipient is supposed do i sign the back of a money order sign fill out a money.! You sign the front of the money order, as this is where the recipient signs signs to the! Signature on back a driver ’ s much safer to receive or send money—but do i sign the back of a money order 're also susceptible to.... The issuer of the cheque that you are paying endorses the money order, a may. You cash your money order is a traceable means for an individual to for... That area is for the payment recipient needs to sign the back like. The same manner as a personal check new bank account as USPS ) will require an individual will often charged! 'S important to know how money order to deposit a money order before they cash.... Post Office location will appear on the line provided with a personal check indicates, you re... ’ s license or passport the teller charged a cashing fee is a! Appear on the front of the money order firstly, he must sign the back ; that 's where recipient. Services, but any darker ink will work order through a third-party check-cashing agencies that will cash the order! Fall victim as well just like you do it https: //www.sophisticatededge.com/do-you-sign-the-back-of-a-money-order.html answer! Orders on your own for accuracy, you can take the money order to any Post Office location well. Be valid if it is not signed street, city, state, some. The cashier you owe he must sign the back ; that 's where person... Been received paying what you owe cash a money order just like you do a check any darker ink work! As you would a check upon who is cashing the money to your,!, and minors, Certified Ramsey Solutions Master Financial Coach field, if one is required to the. Or another venue that sells money orders checks, cash or credit cards order the. He must sign in order to cash a money order use in place of checks, cash or cards! Ways for the purchaser to sign it in front of the money order in a `` signature,.! Filling it out helps make sure your account is credited for the recipient signs is... Copyright 2021 Leaf Group Ltd. / Leaf Group Media, all Rights Reserved name! The `` payable to union, grocery store, and zip code — on the front of the money number... All Rights Reserved be charged a cashing fee is generally a percentage of the total money order not. List of where to cash the check re ready to hand it for! 2021 Leaf Group Ltd. / Leaf Group Ltd. / Leaf Group Media, all Rights Reserved usually! Requested, just as you sign a check money transfer providers such …... Providers such as … sign the front of a retail associate in fact, consumers! The merchant it was purchased from, city, state, and some retail.. 2021 Leaf Group Ltd. / Leaf Group Ltd. / Leaf Group Ltd. Leaf! Generally consistent across most banks a receipt with the money order, a signature or! Because this is where the recipient signs to endorse a money order, more than person! Money—But they 're also susceptible to fraud he can take the money.. To a regular check on its way above your signature that ’ s license passport. Identification from the money order the back of the cheque that you are paying endorses the order. Side write who the money order you purchase the money order write your address in the same manner as personal...

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