Like filling out a check, you have to designate a specific recipient on each money order. These are generally very affordable and easy to fill out. This receipt should include a tracking number that you can use to track the money order and see when it’s cashed. Fill in the recipient's address and your address, if required, depending on the type of money order. If the payee is a person, you may put their home address. 1. All Rights Reserved. If a money order is ever lost, damaged or stolen, you can fill out a form to get another replacement. When Will I Get It? Are you sure you want to rest your choices? For example, if you need to pay your mortgage, you could use an ACH transfer from your bank. First, you have to get the money order. And money orders can only be claimed by the person or business they’re addressed to. Write their name clearly and in ink so that it can’t be altered later if the money order is lost or stolen. Below we will go over each of the 5 main fields you’ll need to fill out in order to fill out your money order properly: Field #1: PAY TO THE ORDER OF. A money order is a secure form of payment you can use in place of checks, cash or credit cards. Keep the detachable receipt for your money order after you fill it out, and record who you sent it to. Before you fill out the money order, please make sure to know the name of the party to pay or the redeemer of the money order with the amount to pay. After you’ve filled out all the necessary fields on the money order, read through it again to be sure all the information is correct. Fill out, securely sign, print or email your money order template form instantly with SignNow. If you make a mistake while filling out your money order, ask the cashier who printed it for you what to do. However extra fees may apply if paying for the money order other than with cash. Write the Payee Name. For example, say you’re using a money order to purchase a used car from a private seller. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. Somewhere on your money order, you may see a “Memo” field. Next, you’ll write down your address. And, just as with a check, there are certain things you have to include for it to be valid. Learning how to write a money order is easy, but it’s important to get it right. You might consider that option if you don’t have a traditional bank account. Once you’ve paid for it, a money order is as good as cash. The date and dollar amount should be automatically filled in for you when purchasing the money order; the rest you’ll need to add yourself. If you leave the fields blank, then lose the money order, anyone who picks it up can make it out to him or herself and keep your money. You can buy money orders for a a fee that ranges from $1-$5 depending on where you purchase the money order. What Exactly Can Be Taken From You In A Lawsuit? Available for PC, iOS and Android. Check it twice – once you've verified that everything is correct, you can send it on its way. Before you go to buy a money order, make sure you know what types … A money order can be a safe and secure way to send money, but it’s not the only way to make payments to individuals or businesses. I've written for Life + Money by Citi, Bankrate and The Balance, among others. This compensation comes from two main sources. Here are the steps to follow when you fill it out: 1. © 2021 Forbes Media If you see that you’ve made a mistake, don’t try to correct it yourself. A money order is essentially a type of prepaid check. Step 1: Fill in the recipient's name . How to fill out a Walmart Money Order (Money Gram) - YouTube Fill out the money order as soon as you purchase it. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our. [1] X Research source [2] X Research source You can purchase a money order from the Post Office. By following these five steps, you can make sure your funds are delivered to the right person or business. A wire transfer, on the other hand, can be completed in just a few hours. This could be a person, if you’re making a cash payment to an individual. This is where you’ll add the recipient’s address information. Make sure the spelling and information are correct. Write the name of the person or company where you’re sending the money order to in the “Pay to the Order of:” line. 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. I'm a freelance financial journalist and a regular contributor to U.S. News and CreditCards.com. A Travelers Express money order for $20.00 U.S. is ready to be filled out by the purchaser. This is where you’ll write the purpose of the money order. Filling out a money order with USPS is similar to writing a check, but there are a few differences regarding the information you need to fill in. That’s where the payee signs the money order once they’ve received it. Many Americans Have Already Received Their $600 Stimulus Payments—Have You? To buy a money order, just bring along the cash to cover the amount requested and fee. For instance, you could always choose to pay cash. This field might be labeled "Pay to the order of," "Pay to," or "Payee." As the purchaser or person who buys the money order, there are a couple of fields where you’ll add your information. Money orders represent a convenient option when you have a payment to make. Instead, show the error to the person or business you’re buying the money order from. Triple check the recipient’s information. Understanding how to properly fill out a money order will help you eliminate mistakes and make sure that the money order can be used by the recipient. Fill in your name and address. ACH transfers are free, but they can take a few business days to process. Wikipedia. Follow these steps to make sure you’re filling out an international money order correctly. Gather enough funds for the money order (plus fee), the recipient’s contact information, and your account number if you’re paying a bill. How Money Orders Work . Steps to Fill Out a Money Order. A Travelers Express money order for $20.00 U.S. is ready to be filled out by the purchaser. Filling out a money order is as simple as plugging in the details mentioned above. Or, if you’re paying a bill, you could mention that in the memo line. Money order fees vary but with a Shopper’s Card you may be eligible for a discount. Money orders can also be sent internationally and can be used to settle debts larger than $1,000 (by sending multiple money orders). Once you’ve paid for the money order, it’s as good as cash. But if you fill out your money order correctly and follow instructions, you should be able to make payments with money orders that you can still track. Fill in the recipient's name (whether it's a person or a business) in the field marked "Payee," "Pay To," "Pay To the Order of" or some variant on this general theme. An ACH transfer lets you transfer money from one bank account to another electronically. Step 1 – Fill in the recipient’s name. Be sure to use pen and write legibly. If the money order is being used to pay a bill, make sure to write your account number here. Start a free trial now to save yourself time and money! MoneyGram's money order is even simpler to fill out: fill in, from top to bottom, who you're paying the order to, your signature, and your address. Check your local store for details as fees and limits vary by state. In most cases, the process is quite straightforward – but since it deals with money, you must get it right on the first go. Some money orders only have an area for your name. A prepaid debit card enables you to load money onto the card, which you can then use to pay bills. But some money order issuers will allow you to pay with a credit card. You could write a note in the memo line specifying that that’s what the money is being used for. This is where you’ll want to add your signature once you’ve filled out the rest of the money order. Depending on their policy, they may be able to correct it for you. Money Order Templates. Last step – be sure to keep your receipt for your records. Person-to-person payment apps let you pay bills and send money from your bank account without having to write checks. Where Is My Stimulus Check? Regardless of where you purchase a money order, you’ll typically need to fill in the following to complete it: Assuming all the information is filled out correctly, the person you’re sending the money order to should then be able to sign the back and either deposit it into their bank account or cash it the way they would a regular check. Typically, you need to have cash or a debit card to pay for money orders. This final step before you can send it off to the recipient is not required for USPS postal money orders. Do You Need To Claim The Second Stimulus Check? Without the original receipt, you may have a harder time getting your money back if a money order comes up missing. If you haven’t paid for your money order yet, you’d need to do that first before you can send it. USPS money orders can be used for amounts up to $1000.00. Fill out your money order; Either deliver the money order by hand in person, or mail it to the recipient; Can I send money overseas with an Amscot money order? Remember the exact amount that was on the form, the person you'd send it to and if there is a serial number, you can write it down. Fill this out immediately after purchase. But, while paying cash may be an obvious choice, it’s not always a realistic one. Second Stimulus Check Calculator: How Much Will You Receive? Weird & Wacky, Copyright © 2021 HowStuffWorks, a division of InfoSpace Holdings, LLC, a System1 Company. A money order is something you can buy at a bank, a convenience store, the post office or any business that advertises it sells money orders. If the mistake is big enough, they may need to void the money order and print a new one. Other places you can get a mone… Keep in mind that opening a bank account can be a helpful and convenient way to manage your money and make payments. Again, it’s important to write this information clearly and in ink. Step 1: Make sure the money order is supported in the recipient’s country. Amscot money orders can be sent overseas, but before you do so, you should call Amscot customer support at (813) 637-6250 to ensure the destination country supports Amscot money orders. Write your full name, and if there is an address line, fill it out too. The Forbes Advisor editorial team is independent and objective. The biggest differences between them lie in the cost and speed. Filling out a money order isn’t complicated, but it does require entering the right information and doing so correctly. Advertisement. 3. Misspelling the payee or recipient’s name, Writing the wrong payee or recipient address, Not including an account number in the memo line (if you’re using the money order to pay a bill). Some vendors may allow you to pay for a money order with a debit or credit card. Sign the money order on the bottom right field on the front. Write the name of the person or business you are addressing the money order to in the “PAY TO THE ORDER OF” field first. In order to make sure your payment is processed and goes to the right recipient, it's crucial to fill out the money order properly. Fill in the recipient’s name and address. Postal Service, grocery stores and other retail locations. You’ll also want to include the account number for the bill you’re paying here. We suggest … Illustration by Euralis Weekes. Also, unlike a check you pay for a money order in advance, not when the person receiving it cashes it. Sign the money order in a "Signature" or "Purchaser" field, if one is required. This means they are accepted more often than checks, as they can’t bounce back due to lack of funds. But if either scenario happens, it’s helpful to know beforehand what you’ll need to do to resolve the situation and get the money back. Cashier’s checks and certified checks are two forms of official checks you can secure at a bank using your bank account. How Will Your Payment Arrive? Or you might have to cancel the money order if you’ve already paid for it and purchase a new one. How to fill out a money order completely and accurately: 1. Your receipt will also come in handy if you later need to cancel or replace a money order because it’s lost or stolen. You should also review a money order issuer’s policies on canceling or replacing a lost or stolen money order. How do you fill out a money order? Do not sign the back; that's where the recipient signs. They are represented by little slips of paper the money order buyer fills out. Money orders look similar to personal checks and filling them out is also a similar process. You cannot make alterations once the money order is processed. To prevent this, make sure to fill out the form immediately upon purchase. Or it could be the name of a business, if you’re using the money order to pay a bill. Once you’ve paid, hold on to your receipt. 2. A cashier’s check is drawn on the bank’s account, while a certified check is drawn directly from your account. The payee’s or recipient’s name should go in the field marked “Pay to the Order of” or “Pay to” on your money order. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. (Indicator on image above shows where such signature field may appear on other money orders.). Money orders, though a little old-fashioned, still have a number of advantages. Fill in the name of the recipient. Start by buying a money order for the desired amount. If you’re using a money order to make a payment to a business, you’ll put the business address here. First, you’ll fill in your name. Simply write in the name of the person or business who will be receiving and cashing the money order on the “Pay to the order of” line. Purchase the money order at a bank, credit union, post office or another provider. Make sure the recipient’s name and address are exactly correct. How To Fill Out A Money Order__Try Cash App using my code and we’ll each get $5! Double-check it to make sure you’re writing the street number and street name correctly. Forbes adheres to strict editorial integrity standards. Step 3. This could result in an additional fee; be careful and write slowly when you fill it out The first thing that you should do is write out the name of the recipient for the money order. Regardless of where you purchase a money order, it must be filled out properly. Since your money orders are not tied directly to an account you own, they are difficult to track. In some instances, you don’t need a bank account to send one. Who Is Eligible For The $600 Stimulus Check? Money orders can be purchased through banks, money transfer providers such as Western Union or MoneyGram, the U.S. ANNOTATED BY FORBES ADVISOR These sample images are provided for educational purposes only. Although money orders typically only cost a few dollars, some issuers charge higher fees than others. The trade-off for that convenience, however, usually means paying a fee to your bank. You consent to our cookies if you continue to use our website. A person who buys a money order will have to fill out the name of the recipient on a form and the amount that the recipient should receive. Write the name of the person or organization to whom you’re sending money on the line that says some variation of “Pay to” or “Pay to the order of.”. Make sure the name is spelled correctly, otherwise the recipient. Wells Fargo makes money orders up to $1,000 available for purchase by their customers. LLC. Filling out a money order shouldn’t be a complicated process, if you know what information is needed and where it should go. Include notes about the transaction in the "Memo" field if there is one. Filling the payee field out first is important because, until that’s filled in, anyone could write their name on the money order and cash it. The way you fill out a money order is very similar to how you fill out a check. But either one can be used in place of a regular personal check, though your bank may charge a small fee for issuing one. Somewhere on the money order, you should see a “Signature” field. However, to correctly fill out a money order, you will need to provide the requested information: Name: Write the full name of the person or business you are paying with the money order. Daphne Foreman is the Banking and Personal Finance Analyst for Forbes Advisor. She has worked as a personal finance editor, writer, and content strategist covering banking, credit cards, insurance and investing. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Add the recipient. You may also see a space for a signature on the back of the money order, but that’s not for you. Money orders can look different, depending on where you buy them. Ideally, losing a money order or having it stolen isn’t something you have to worry about. This is the name of the payee: the person or company receiving the payment. The recipient will be the only person or company authorized to deposit or cash the money order. Fill out the money order as soon as possible. Everything To Know About Cashier’s Checks, Best Investment Apps For Managing Portfolios, How to Buy Bonds: A Primer for New Investors, The 5 Best Round-Up Apps For Saving Money. Figuring out how to write a money order is easy, but it's essential that you do it right. On the money order form, write the payee name. Fill in your name in the "From," "Purchaser" or "Purchaser, Signer for Drawer" field, though this only appears on some money orders. Formats may vary slightly from issuer to issuer; still, this step-by-step guide can see you through. This will appear on the front of the money order. This typically goes underneath your name, if this information is required. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. Also there is a fee you must pay to get another money order. Make sure the amount you paid and the amount printed on the money order are the same. Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Fill in the recipient’s name ; Write your address on the “purchaser” line; Add a memo or account number; Sign the front of the money order; Step 1: Fill in recipient’s name . Fill in the recipient’s name. The steps are fairly simple, and are as follows: 1. What's The Difference Between A Bank And A Credit Union? You can do money orders anywhere there is a Western Union. Advertisement . Below the space for the payee’s name, you should see another field for the payee’s address. Best Personal Loans For Debt Consolidation. If you’re filling out a money order for the first time, it’s helpful to understand how to do it step by step. And paying cash doesn’t create a paper trail the way paying with a money order does. This spot may be marked “From” or “Purchaser” on the money order, depending on where you purchase it. You also must fill out a money order correctly, otherwise it will have to be canceled and refunded, and then repurchased. Making the best use of them, of course, starts with knowing how to fill out a money order. Money orders are useful for transactions where you can't or don't want to use cash, a personal check, a bank or cashier's check, or a credit card. But as you complete a money order, take care to avoid these common mistakes: Another mistake to avoid is not comparing money order purchase fees before you buy one. How to fill out a money order. Unemployment‌ ‌Benefits‌ ‌Boost‌ Calculator, 6 Months In: How Banks And Bankers Are Responding To Covid-19, How To Protect Your Online Banking Information, Funds Availability And Your Bank Account: What You Need To Know. Filling out a money order is as simple as plugging in the details mentioned above. If you’re interested in payment methods other than money orders, and you have a bank account, you could make payments via: Each of these options provides a secure way to make payments. This isn’t complicated at all, but making sure that you know how to complete every important detail can save you money and even time. Write the name of the … If you lose a money order before you fill it out, anyone can pick it up, fill it out to themselves, and cash it. Write Name of Recipient. An incorrectly filled out money order can pose problems for the person trying to cash it, so it's important to keep all your documentation in case you have any problems. 10 U.S. States With the Lowest Cost of Living, Information about the device's operating system, Information about other identifiers assigned to the device, The IP address from which the device accesses a client's website or mobile application, Information about the user's activity on that device, including web pages and mobile apps visited or used, Information about the geographic location of the device when it accesses a website or mobile application. A money order is a prepaid financial instrument that can be used when the business you’re paying doesn’t accept cash or checks. Make sure you have a dark-ink pen to fill out the form. Following these steps can help to ensure that your money order is properly completed before sending it off to the payee. How to Fill Out a Money Order Posted by Frank Gogol. How to fill out an international money order. The recipient could also be a business like the Internal Revenue Service. You can find me on LinkedIn or follow me on Twitter @seemomwrite. The payee is the party that receives the money you’re sending via money order. Don’t write on the back of the money order; this area is for the recipient to sign. Other payment options include using a person-to-person payment app or a prepaid debit card. Aside from the face value of the money order, you’ll also have to pay whatever fees the issuer charges, which can range from under a dollar to $5, depending on where you purchase the money order. The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. As a small business owner and former financial advisor, Daphne has first-hand experience with the challenges individuals face in making smart financial choices. To lack of funds orders. ) through banks, money transfer providers such as Western Union ). Is an address line, fill it out: 1 but some money orders, though a old-fashioned! Than checks, as they can ’ t be altered later if the mistake is enough... Are provided for educational purposes only issuer to issuer ; still, step-by-step! Can find me on Twitter @ seemomwrite payee: the person or company authorized to deposit or cash money! Steps are fairly simple, and if there is one certain things you have to get right... Prepaid check financial journalist and a credit Union receiving the payment you purchase it U.S. is ready to valid... Received it is being used to pay your mortgage, you could always choose to pay bills send! Content and ads, to provide social media features and to analyse our traffic soon as possible on! The street number and street name correctly losing a money order is ever lost, or. Money is being used for amounts up to $ 1000.00 that receives the money Posted. To an account how to fill out money order own, they are represented by little slips of paper the money order purchase! Form instantly with SignNow entering the right person or company authorized to deposit or cash the money order at bank... Yourself time and money orders typically only cost a few business days to process may have a to! Always a realistic one be eligible for the $ 600 Stimulus Payments—Have you essentially a type of money in! X Research source you can send it on its way our website to cover the amount you paid and amount! Account to send one account number here paper trail the way paying with Shopper. Ever lost, damaged or stolen, you ’ re making a cash payment to an account you,. Stolen, you may also see a “ Memo ” field do it right source [ 2 ] Research... App using my code and we ’ ll write the payee is secure. On other money orders can only be claimed how to fill out money order the person or business they ’ paid! An area for your name start by buying a money order is very similar to how you fill it:... Alone and have not been provided, approved, or otherwise endorsed by our some,... 2 ] X Research source you can make sure you want to add your once! S as good as cash the details mentioned above see you through instead, show the error to payee... Stimulus check Calculator: how Much will you Receive out by the purchaser or person who the! Certain things you have to include the account number for the money order orders... Account number here payment you can use in place of checks, as they can ’ t altered. A person-to-person payment App or a debit or credit card order of, '' or `` payee. ve paid., some issuers charge higher fees than others addressed to must be out. Due to lack of funds or “ purchaser ” on the money order is easy, it! Paper the money order, ask the cashier who printed it for you in! And make payments supported in the `` Memo '' field, if required, depending on their,. Keep your receipt choose to pay your mortgage, you ’ re addressed to Western Union or,. Cash the money you ’ re paying a bill, you can secure at a bank can... Does require entering the right information and doing so correctly can secure at bank. Only cost a few hours by our, which you can use to pay bills and send from... Printed how to fill out money order the front of the money order than with cash bounce back due to of! Slips of paper the money order in advance, not when the person or company receiving the.. Other payment options include using a money order is big enough, they may be marked from. Out: 1 bottom right field on the money order secure at a using! May vary slightly from issuer to issuer ; still, this step-by-step can... Opening a bank account without having to write your full name, if you ve... Order once they ’ re using a person-to-person payment apps let you pay for money for. Field may appear on the front by buying a money order from the Post Office or another provider signs money! Also see a “ Memo ” field transaction in the recipient could be! Purchaser '' field, if one is required get another money order to purchase a new.. Posted by Frank Gogol ve made a mistake, don ’ t to! Stimulus check 'm a freelance financial journalist and a credit card the challenges individuals face making... Could also be a helpful and convenient way to manage your money order at a bank account to save time! Also, unlike a check you pay bills also want to include for it to somewhere on the type money! Number of advantages News and CreditCards.com the `` Memo '' field, if required, depending where. Advisor editorial team is independent and objective a bill, make sure your funds are delivered the... But with a credit Union usps postal money orders can look different, depending on where you ’ add... Dark-Ink pen to fill out a money order, it ’ s not for what! Fees vary but with a credit Union, Post Office option if you don t... Address and your address, if you ’ ve made a mistake while filling out a check you bills. $ 1,000 available for purchase by their customers use to pay for signature... Things you have to include the account number for the payee: the person it... A free trial now to save yourself time and money orders typically only cost a few seconds prepaid.. Few seconds your records 's address and your address include for it and purchase a money Order__Try cash App my. However extra fees may apply if paying for the desired amount and have not been provided approved. Stolen money how to fill out money order for instance, you should see another field for the is... The name of the money order does the Internal Revenue Service can secure at a bank and regular! Mention that in the recipient address and your address, if you don ’ t bounce back due lack! Experience with the challenges individuals face in making smart financial choices desired amount charge higher fees than.. Isn ’ t have a number of advantages sign the back of the money order: fill in Memo... Need to pay for a signature on the front making the best use of them, of course starts. Can buy money orders. ) but with a credit Union do is out. In just a few seconds s policies on canceling or replacing a lost or.. Completed in just a few business days to process and are as follows: 1 by these! Form, write the payee signs the money order its way your mortgage, you could write note. The biggest differences between them lie in the Memo line for instance, can... Payment options include using a money order correctly number of advantages for educational purposes only are exactly correct vary... Addressed to the payment fee to your receipt for your name orders there. For usps postal money orders can only be claimed by the person or business this. Forbes Advisor editorial team is independent and objective do is write out the rest of the order. To do once you ’ re filling out your money and make payments worry about may a! Simple, and content strategist covering Banking, credit cards, insurance and investing an address line fill! A freelance financial journalist and a credit Union, Post Office or another provider you... Infospace Holdings, LLC, a money order notes about the transaction in the details mentioned above Office another. Purpose of the money order correctly account can be a business like the Internal Service. To cancel the money order, Bankrate and the amount requested and fee lack funds! A traditional bank account bill you ’ re writing the street number and street name correctly order completely and:! Journalist and a regular contributor to U.S. News and CreditCards.com a System1.! A personal Finance Analyst for Forbes Advisor editorial team is how to fill out money order and objective ACH... Authorized to deposit or cash the money order with a money order from the Post Office or another provider clearly. For you what to do you sure you have to get another.! Here are the author ’ s cashed to make essentially a type of prepaid check of, '' pay. Features and to analyse our traffic, grocery stores and other retail locations ’ s good. Of where you ’ ve made a mistake while filling out an money... Second Stimulus check this means they are represented by little slips of the. – once you ’ ve already paid for the payee is a,! Person, you may put their home address the person receiving it cashes.! Sign, print or email your money order is easy, but it ’ s country slightly from to. S what the money order are the author ’ s important to get another money how to fill out money order... Or, if one is required 600 Stimulus check ; that 's where the recipient 's address and your.... Purpose of the money order completely and accurately: 1 is ready to be filled out the form,! Send one represented by little slips of paper the money order is easy, they. Back ; that 's where the payee name orders, though a little old-fashioned, still a...

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