The USPS money order includes a second address field for you to put the recipient’s address in, as well as a memo line at the bottom to indicate what the money order is for.
Why use a money order? If you don’t have a bank account or don’t wish to use yours to send money, it’s not required to send a money order. Money orders can be purchased with cash, a debit card, or a credit card, and your bank doesn’t have to be involved at all in the transfer of the money order.
Looking for a money order at WalMart? Many of them have MoneyGram locations within them that allow you to purchase a money order. So do certain CVS locations, and various other establishments you can find on MoneyGram’s location finder.
The first line you’ll likely see will either say “Pay to” or “Pay to the order of.” Either way, this line is for writing in the name of the party you are sending money to. Whether it is a person or a business you’re writing in here, make sure it is correct and spelled accurately.
Because cashier’s checks are issued strictly by financial institutions, they are also easier to track than a money order.
Money orders allow you to make purchases from sellers that don’t accept checks, and allows you to keep information like bank account numbers secret throughout the process. All that matters is the information on the money order.
Jul 18, 2018 12:16 PM EDT
Money orders also cost a fee that varies depending on where you go. A U.S. Postal Service money order, for example, costs $1.20 if it is between As with wire transfers, though, money orders can be dangerous and run the risk of fraud and scams. Be extremely careful if you have received a money order. What’s the amount of money on the order? Does any of the information look as if it was written over previously written and erased information? Verify the order if you feel you need to. The U.S. Postal Service has a verification phone number for their money orders at 1-866-459-7822. Western Union’s customer support number is 1-800-999-9660, while MoneyGram’s is 1-800-MoneyGram..01-$500.00 and $1.65 if it is between $500.01-$1,000.00. Banks, on the other hand, may charge closer to $5.00.
The Western Union money order is simple. Write who you pay to the order of, enter your full name and address, account number if necessary, and then just sign it and take your receipt.
Money orders are an alternative to checks that don’t require a bank account. Here’s what you need to know about filling one out.
Money orders ask for your address so the recipient or seller can contact you if a problem occurs. If you’re comfortable sharing this information, it’s a good idea to include it. But if you prefer not to reveal any personal information to the recipient, there’s nothing to stop you from leaving this field blank, or even entering your email address or cell phone number instead.
Once you’ve filled in all the fields you want to complete, be sure to detach the receipt that comes with all brands of money order. This stub provides the money order’s official identification number, which you can use later to track whether the money order was cashed. It can also aid your record keeping.
Provides the security of a check written to an individual or company while being much more widely accepted
There are just three pieces of information you’ll have to provide to complete any money order: the recipient’s proper name, your address, and your name or signature.
One required field on any money order is an indication of the sender. On most money orders, it’s your signature that’s requested, just as you sign a check. But on USPS money orders, the blank is only labeled “From.” Whether you write or sign your name is up to you.
Money orders are about as simple to fill out as a personal check. Different outlets use different formats, but they all need the same basic information. Here’s a step-by-step guide on when you should use a money order, where you can get one, and how to fill it out properly.
If you’re paying a company with your money order, failing to include your account, order, or invoice number puts you at risk of the payment not being credited to your account.
Almost always incurs a small fee to buy
Also bring a debit card or cash to pay for your money order, or be prepared to make a withdrawal from your account if you’re purchasing at a bank or credit union. Credit card companies generally charge large fees on money order purchases because they treat them like cash advances.
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