How To Properly Fill Out A Money Order – “Expert verified” means that our Financial Review Board has thoroughly evaluated the article for accuracy and clarity. The review board consists of a panel of financial experts whose goal is to ensure that our content is always objective and balanced.
Written by Renee Bennett Written by Renee Bennett Right Arrow Banking Writer Renee Bennett is a writer for , which reports on banking products and personal finance. Renee Bennett
How To Properly Fill Out A Money Order
Edited by: Karen Bennett Edited by: Karen BennettArrow Right Consumer Banking Reporter Karen Bennett is a consumer banking reporter at . She uses her financial writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters. Bennett Foundation
Tdlr Form Vsf001 ≡ Fill Out Printable Pdf Forms Online
Reviewed by Kenneth Chavis IV Reviewed by Kenneth Chavis IVArrow Right Senior Wealth Advisor at Versant Capital Management Kenneth Chavis IV is a Senior Wealth Advisor at Versant Capital Management providing investment management, complex wealth strategy, financial planning and tax advice to business owners, executives, physicians , and more. On our Board of Audit Kenneth Chavis IV
Founded in 1976, it has a long history of helping people make smart financial choices. We’ve maintained that reputation for more than four decades by demystifying the financial decision-making process and giving people confidence in what action to take next.
Follows a strict editorial policy, so you can trust that we put your interests first. All of our content is written by highly qualified professionals and edited by subject matter experts, who ensure that everything we publish is objective, accurate and reliable.
Our banking reporters and editors focus on the points that matter most to consumers – the best banks, the latest rates, different types of accounts, money-saving tips and more – so you can feel confident about managing your money.
How To Pay Child Support
Follows a strict editorial policy, so you can trust that we put your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Here is a list of our bank partners.
We appreciate your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards to ensure this happens. Our editors and reporters carefully review editorial content to ensure the information you read is accurate. We maintain a firewall between our advertisers and our editorial staff. Our editorial team does not receive direct compensation from our advertisers.
The editorial team write on behalf of you – the reader. Our goal is to give you the best advice to help you make smart personal financial decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team is not directly compensated by advertisers, and our content is thoroughly reviewed to ensure accuracy. Therefore, whether you read an article or a magazine, you can be sure that you will receive reliable and trustworthy information.
You have questions about money. There are answers. Our experts have been helping you control your money for over four decades. We continually strive to provide consumers with the expert advice and tools they need to succeed throughout life’s financial journey.
Why Do I Need To Fill Out A Compliance Attestation Form?
Follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial team is objective, factual and not influenced by our advertisers.
We are transparent about how we can bring you quality content, competitive rates and useful tools by explaining how we make money.
It is an independent publisher and is supported by a comparison service publication. We receive compensation in exchange for placing sponsored products and services, or by clicking on certain links posted on our site. Therefore, this compensation may affect how, where and in what order the products appear in the listing categories, except where prohibited by law for our mortgage, equity and other home loan products. Other factors, such as our proprietary site rules and whether a product is offered in your area or within your self-selected credit score range, may also affect how and where products appear on this site. While we aim to provide a wide range of offers, we do not include information on any financial or credit product or service.
Money orders allow you to send or receive payments securely, providing an alternative to cash, checks or credit cards. They are similar to checks, but because they are prepaid, the money order cannot be returned.
Here’s A Step By Step Guide To Filling Out A Money Order
However, they may be canceled or refunded if not completed correctly. It’s important to know what information you need to complete one and where that information goes.
The requirements for filling a money order vary by institution, whether it’s Western Union or the United States Postal Service. Each institution’s money orders may also be slightly different in appearance. In general, the information you need to complete a money order is:
You will also need a means of payment to purchase the money order. Some issuers also limit your payment options. You probably won’t be able to buy a money order with a credit card.
Write the name of the payee of the money order in the “Pay to” or “Pay to order of” field. It can be a person’s name or a business name. Print the name clearly in ink.
How To Get Proof Of Address: 15 Quick & Easy Ways
It is important to complete this section immediately upon purchase of the order, as this will be the only person authorized to cash or deposit. If the money order is lost or misplaced without the payee’s name written on it, it may be subject to fraud and someone else could write their name on it.
Enter your address where the order asks for the buyer’s address. There may be a second address field to fill in the beneficiary address. If so, you’ll want to fill it out.
A memo line allows you to specify what the money order is for. The memo can indicate that it is a purchase for a certain item or a payment for a debt, for example. If you have an account or order number from the payee, the memo field is also where to include that. Some money orders may have “payment for” or “account number” instead of memo.
Sign the front of the instruction where indicated. This part may be marked as the buyer’s signature, buyer, by, seal or drawer. Do not sign the back of the money order, which is where the beneficiary approves.
How To Write A Check And Uses For A Voided Check
Be sure to keep the receipt because it contains a tracking number, which can be used to find out if the right person made the money order. In case the order is lost or stolen, the tracking number can help to replace it. Processing fees may apply to money order exchanges.
Money orders can be purchased with cash or a debit card at banks and credit unions, cash companies, the United States Postal Service, many grocery stores, and some department stores.
Avoid using a credit card to purchase a money order, as your credit card company may consider the purchase a cash advance and charge high fees. Some issuers do not accept credit cards as payment.
There may be limits on the order size that can be purchased. The Postal Service, for example, allows you to purchase money orders of up to $1,000 if you send them to the US. In addition to the instruction price, a $1-$10 fee is typical.
How To Prepare & Send A Package
Money orders can be a useful alternative to checks or cash for paying bills, paying off debts or making large purchases, especially for those who do not have a checking account.
They are a safe card option for those who want to avoid paying upfront – they cannot be turned down for insufficient funds, as they are prepaid. Money orders don’t even require the buyer to have a bank account because they can be purchased without an account, just like cash.
Also, money orders are a good alternative to electronic payments when you prefer or need to send money by mail. They don’t contain any bank account details, so they don’t end up in the wrong hands. In addition, as with a check, only the recipient can cash the money order.
Money orders can be a useful way to send and receive money. They are an accepted way to make payment, they never fall off, and if lost or stolen, they can often be replaced.
Bill Of Lading: Meaning, Types, Example, And Purpose
Because money orders are prepaid, unlike checks, they don’t bounce, making them a safe way to make purchases, pay debts or send money through the mail. Just be sure to fill out every field on the money order and write it legibly, so it won’t be returned.
Edited by: Karen Bennett Edited by: Karen BennettArrow Right Consumer Banking Reporter Karen Bennett is a consumer banking reporter at . She uses her financial writing background to help readers learn more about savings and checking accounts, CDs and other financial matters. Karen Bennett, Consumer Banking Reporter
Reviewed by Kenneth Chavis IV Reviewed by Kenneth Chavis IVAarrow Right Senior Wealth Advisor at Versant Capital Management Kenneth Chavis IV is a Senior Wealth Advisor at Versant Capital