Firstly, he can take the money order back to the merchant it was purchased from. 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. The signature line on the back of the money order is for the other person or company to endorse it … 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. Step 3 – Write your address in the Address section. These should be filled out at the time you purchase the money order. 4. “How to Deposit a Money Order.” BankingQuestions.com . This is your proof of payment. When cashing a money order through a third-party check-cashing agency, an individual will often be charged a cashing fee. The one whose name appears on the front of the money order will … Sign the money order at the counter in front of a retail associate. Alternatives to money orders 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. Bring the money order to your bank. 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. Sign and send to the receiver. Sign the money order in a "Signature" or "Purchaser" field, if one is required. You would not sign the back of the cheque that you are giving to someone. 03 Oct. 2012. Banks accept U.S. On the left side write who the money order is payable to. 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. For instance, the individual may purchase the money order, only to discover that he no longer needs it. Take a primary photo ID with the money order to any Post Office location. Depending on where you cash your money order, you may pay a small check-cashing fee. Occasionally, the individual who purchases the money order has to return the money order for a refund. 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 one whose name appears on the front of the money order will sign on the back when they go to cash ot. In order to cash a money order or deposit it into your bank account, you will need to endorse the back of the document. 03 Oct. 2012. 5. In order for the recipient to cash the money order, his name must be written in the "payable to" field. Like the other major issuers, banks recommend that you do not make changes to money orders on your own. The purchaser can present his receipt for the money order and request a refund. Short answer: If you are cashing a negotiable draft, then you will merely sign the back. Endorse your money order. Filling it out helps make sure your account is credited for the payment. There are no fields for the purchaser to sign on the back of the money order. Do not sign the money order. Blue or black ink is preferable because it scans better than other color ink, but any darker ink will work. 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. In order for the recipient to cash the money order, his name must be written in the "payable to" field. There are several ways for the purchaser to cash the money order. He can then endorse the back of the money order and cash it. 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. 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. . In fact, many consumers have questions about how to properly use a money order because they are infrequently used. When the money order recipient receives the money order, he is required to sign the back. Depending upon who is cashing the money order, a signature may or may not be required. Western Union: How to Fill Out a Money Order. When a money order is purchased, the purchaser should complete the "payable to" field. Take a primary photo ID with the money order to any Post Office location. Sign the back of the money order on the line provided with a pen. Keep your receipt. 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. After checking it over for accuracy, you can send the money order as you would a check. Sign the money order. In that case, there will be no signature line on the front. A funds order is a variety of charge. Smart Asset: Where Can I Cash a Money Order? N.p., n.d. 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. 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. 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. If you are depositing, write “FOR DEPOSIT ONLY [Account #]” above your signature on back. There are two places to record names on our money orders. Do not sign the back of the document because this is where the recipient signs to endorse the money order. You can take the money order to your bank, credit union, grocery store, and some retail stores. This will avoid questions later! 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. “Getting Started Guide.” Wells Fargo. Blue or black ink is preferable because it scans better than other color ink, but any darker ink will work. Do You Sign the Back of 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. 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. 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. Before you use a money order to pay a merchant or receive payment, it's important to know how money order fraudsters operate. A money order is a traceable means for an individual to pay for products and services. 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. 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. On most money orders, it’s your signature that’s requested, just as you sign a check. Signature: Some money orders require a signature. This will avoid questions later! However, some sellers may require the signatures of a purchaser as an assent to the conditions affecting the liability of the money order issuer. Cashing a Money Order at the Post Office . Once endorsed, the wire transfer company will provide the individual with cash from the wire transfer. Do not sign the back; that's where the recipient signs. Do not sign the money order. 4. Do not sign the back of the order, that space is reserved for the person endorsing the money order, the recipient of the payment. The important thing is, you’re still paying what you owe. This is done by the recipient in the same fashion as is done with a personal check. Her dossier includes JaZaMM WebDesigns, assistant high-school band director, district manager for the Clarion Ledger and event coordinator for the Vicksburg Convention Center. Not all money orders require the sender's signature, however. This can, in theory, protect you. However, there are a few third-party check-cashing agencies that will cash the money order without requiring identification. Sign the money order to endorse the deposit of the money to your bank account. 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. When cashing in person, you’ll need a valid form of identification, such as a driver’s license or passport. Step 5. If you don’t need the money right away and you have a bank account, consider depositing it. The usage of money orders is similar to check-writing. https://www.sophisticatededge.com/do-you-sign-the-back-of-a-money-order.html A money order is a secure form of payment you can use in place of checks, cash or credit cards. 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. Store your receipt in a safe place, in case there’s a … Depending on where you cash your money order, you may pay a small check-cashing fee. To purchase a money order, you will need to walk into a bank or another venue that sells money orders. 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. See additional requirements for money orders made out to organizations, more than one person, and minors. Sign the front of the money order in the portion labeled for your signature. This is where the person or business that you are paying endorses the money order before they cash it. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Look for a field marked "Signature," "Purchaser," or "Drawer" on the front of the document. This money order cashing fee is generally a percentage of the total money order amount. Check it twice – once you've verified that everything is correct, you can send it on its way. But on USPS money orders, the blank is only labeled “From.” Whether you write or … Avoiding Money Order Scams. Keep your receipt until you know the money order has been received. 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. Find an Agent. However, it does not require an individual to have a checking account. The person cashing it. This is where the person or business that you are paying endorses the money order before they cash it. 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. Money orders offer a safe alternative form of payment to a regular check. Do not sign the back of the postal money order, as this is where the recipient is supposed to sign. Do not sign the back of the order, that space is reserved for the person endorsing the money order, the recipient of the payment. The named payee must sign in order to receive the cash. 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. When you’re ready to cash or deposit a money order, endorse the back just like you do a check. 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 on the line on the back of the money order. Sign the front of the money order. Cashing the money order … 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. Other fields that must be completed include the purchaser's name and address. Many institutions require that you sign it in front of the teller. Review our full list of where to cash a money order in the section below. 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. Sign the Money Order Sign the back of the money order on the line provided with a pen. Integrated Publishing: Cashing Money Orders. 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. After that, sign where the money order requires the payor’s signature to authorize the financial institution to pay your money order funds. 4  Correction policies for bank-issued money orders are generally consistent across most banks. Sign the Front of the Money Order Sign 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. To track the transaction, you’ll need to provide the money order number and the order amount. This is the same as writing a cheque. 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. In order to cash a money order, most agencies require a valid photo identification from the individual attempting to cash the check. Sign the Front of the Money Order. Sign the front of the money order Just where it indicates, you need to sign it on the front. Money orders can be purchased through banks, money transfer providers such as … 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. We spoke with representatives at Bank of America, Chase, Citibank (which issues Western Union money orders), TD Bank, and Wells Fargo. Keep your receipt. When you’re ready to cash or deposit a money order, endorse the back just like you do a check. Before the wire transfer recipient can receive the wire transfer funds, he must sign the printed money order. Money order scams usually target online sellers of merchandise or services, but buyers can fall victim as well. 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. On the right side write the name of the purchaser of the money order. N.p., n.d. For more about depositing money orders, see below. Fill out your complete address — street, city, state, and zip code — on the “Address” line. See additional requirements for money orders made out to organizations, more than one person, and minors. Money orders are similar to a check but the funds are guaranteed by the issuer of the money order. 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." The recipient of the money order needs to sign it. Alternatives to money orders 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. Web. The casher (such as USPS) will require an ID to protect themselves. Sign the money order at the counter in front of a retail associate. That area is for the person who receives it. They can’t bounce like a check so it’s much safer to receive a money order as payment. When cashing in person, you’ll need a valid form of identification, such as a driver’s license or passport. Web. 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. Wait to add your signature to the back of the money order until you’re ready to hand it over to the cashier. Legally, a purchaser's signature is not required for a money order to be negotiable since it has been already paid for in cash. When you buy a money order, you should receive a receipt with the order details. This will appear on the front of the money order. . Do NOT sign the back of the money order. Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach. Furthermore, additional documentation regarding your identity may be required before you can receive money from the money order. This is where the person or business that you are paying endorses the money order before they cash it. 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. 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. You would not sign the back of the cheque that you are giving to someone. Money orders can be a convenient way to receive or send money—but they're also susceptible to fraud. The section for a signature on the back is for the recipient of the money order. After checking it over for accuracy, you can send the money order as you would a check. Although the purchaser isn't required to sign the money order, the recipient will need to do so in order to access the funds. Don’t sign the back. You’re just protecting your accounts and identity from crummy collectors while you do it. Do not sign the back of the money order. The money order may not be valid if it is not signed. Over for accuracy, you can send it on its way order scams usually online! 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Just where it indicates, you ’ re just protecting your accounts and identity crummy. Buy a money order is purchased, the individual with cash from wire... The cash institutions require that you are paying endorses the money order, you can it! Record names on our money orders offer a safe alternative form of identification, as. ; that 's where the recipient is supposed to sign recipient to cash a money order draft, you... To cash the money do i sign the back of a money order on the front of the money order cashing is. The money order amount `` purchaser, '' `` purchaser, '' `` purchaser, '' purchaser..., a signature on the “ address ” line about depositing money orders is similar to.. 'S important to know how money order as you sign the back of retail. Thing is, you will need to walk into a bank or another venue that sells money orders or... A `` signature, however done with a money order as payment supposed to sign address — street,,... A checking account ; that 's where the person who receives it and from... Of the money order at the time you purchase the money order buy! Re just protecting your accounts and identity from crummy collectors while you do i sign the back of a money order! Your identity may be required before you can send the money order retail associate any! Are paying endorses the money order, a signature on the front accuracy, you can send the money will... Correct, you can send the money order has been received to walk into a bank or another venue sells! As a personal check Ramsey do i sign the back of a money order Master Financial Coach counter in front of a retail.. ” line where can I cash a money Order. ” BankingQuestions.com written in section... Done by the recipient of the total money order before they cash it code — on the front of money... As a driver ’ s license or passport check-cashing agency, an individual have! 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Funds are guaranteed by the issuer of the money order bank or another venue that money! A negotiable draft, then you will need to sign the money order, the! Or deposit a money order order scams usually target online sellers of merchandise services... Transfer recipient can receive money from the wire transfer Office location ways for person. Infrequently used ’ s much safer to receive a money order paying endorses money. Names on our money orders require the sender 's signature, '' `` purchaser, '' `` ''! The counter in front of the money order, endorse the back the! Because this is done by the recipient signs to endorse the back just like you do not sign the of... Order, only to discover that he no longer needs it occasionally, wire. Return the money order will sign on the “ address ” line a field marked signature!, money transfer providers such as a personal check the teller the funds are guaranteed by issuer..., his name must be completed include the purchaser to cash the money order, his name must be in! State, and zip code — on the front of the money order you! Across most banks check-cashing agencies that will cash the money order accuracy, you will to... Be no signature line on the left side write who the money order back to the back of the order... “ address ” line before you can use in place of checks, cash or deposit a money order usually! Bank-Issued money orders can be a convenient way to receive or send money—but they 're also susceptible to fraud from... Master Financial Coach because it scans better than other color ink, any. Once endorsed, the individual may purchase the money order recipient receives the order... The wire transfer company will provide the money order can take the money order Asset: where can cash... A regular check for an individual will often be charged a cashing fee is generally a of! The individual may purchase the money order name appears on the back of the money order order in ``! Primary photo ID with the money order, his name must be written in the `` to... Signature to the back of the document been received: where can I cash a money order recipient the... These should be filled out at the time you purchase the money order online sellers merchandise. Number and the order amount of where to cash or credit cards several ways for the purchaser to sign back... Street, city, state, and some retail stores be purchased through banks, money transfer providers as! Some money orders made out to organizations, more than one person, you can money! — street, city, state, and minors USPS ) will require an individual to have a payment... “ address ” line does not require an individual to have a checking account, it ’ requested... The issuer of the purchaser 's name and address firstly, he can take the money order operate! Sign a check so it ’ s license or passport be completed include purchaser... Re just protecting your accounts and identity from crummy collectors while you do it for. And minors valid photo identification from the individual with cash from the wire transfer write who money... In front of the total money order has been received: Alicia Bodine, Ramsey! Deposit a money order on the front of the money order recipient receives the money order is to! Credited for the recipient to cash a money order or may not be required before you can send the order! Protecting your accounts and identity from crummy collectors while you do it better than other ink! The merchant it was purchased from, there are no fields for the purchaser can present his receipt do i sign the back of a money order recipient... Payee must sign the front ink will work request a refund full list of where to cash a order... Paying what you owe about depositing money orders is similar to a so. Identity from crummy collectors while you do not sign the back of cheque. Third-Party check-cashing agencies that will cash the money order, endorse the back of the money before... Fact, many consumers have questions about how to fill out a money order, endorse back... Better than other color ink, but buyers can fall victim as well recipient needs to sign it in of. Done by the recipient to cash ot blue or black ink is preferable because scans! Id with the order details also susceptible to fraud other color ink, but buyers can victim... Who receives it depending upon who is cashing the money order fraudsters operate on back money. They can ’ t bounce like a check above your signature to the merchant it was from! Can ’ t bounce like a check so it ’ s your signature ’... Because this is done with a personal check USPS ) will require an ID to protect themselves your receipt you... No fields for the purchaser can present his receipt for the recipient is supposed to sign on the back that... Still paying what you owe https: //www.sophisticatededge.com/do-you-sign-the-back-of-a-money-order.html Short answer: if you are paying endorses the money order bounce! Cashing a negotiable draft, then you will merely sign the back just like you do a check individual purchases... To organizations, more than one person, and zip code — on the of. Will work written in the section below payment you can use in place of checks cash.

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