USPS Money Order Correction Policy. If you have a bank account, you can deposit the money order into your account, provided you haven't written on it. With that information, you can learn where the money ultimately went. The money order system was established by a private firm in Great Britain in … Wait until you are indoors and ready to hand the money order to a teller or customer service agent before signing. When you purchase a bank money order, you pay in advance the funds backing the payment. Your local grocery store might be an option for cashing a money order. If you don't have a bank account, many banks such as Chase, Wells Fargo and Bank of America will cash a money order for a fee. Do not sign the back; that's where the recipient signs. Instead of just signing your name on the back of the check as you would when chasing the check yourself, you’ll need to include information about the person to whom you’re signing it over. In that case, there will be no signature line on the front. A primary difference between the two is that if you write a check to a recipient and then change your mind about completing the transaction, you simply can run the check through the shredder to discard it. The back is where the recipient signs in order to cash or deposit the money order amount. On average a money order will cost around $1 - $5 in processing fees, which will come in particularly handy if you have to send a … However, if the agent does not accept the money order, you will need to cancel and replace it. Money order vs. cash: Because money orders are made out to a particular person as the payee, it's difficult for a third party to steal your money. Your signature authorizes the financial institution to pay your money order funds to the payee. Cashing a Money Order at the Post Office . This should be confirmed before the check is endorsed to avoid causing confusion with multiple signatures. [1] X Research source [2] X Research source You can purchase a money order from the Post Office. Last step – be sure to keep your receipt for your records. For example, a grocery store might cash a money order only up to a certain limit, such as $500, or might only cash orders issued from that store. Per saperne di più su come utilizziamo i tuoi dati, consulta la nostra Informativa sulla privacy e la nostra Informativa sui cookie. Signature: Some money orders require a signature. The Chase Bank money order has certain guidelines that must be followed in order to achieve accuracy and prevent any further issues. This will identify you with the money order. This is where the person or business that you are paying endorses the money order before they cash it. Individuals may also receive expedited service by fax or email within three business days. 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 Also, it would be beneficial to take both portions of the money order with you: the money order itself and the tab that serves as your receipt. Always read the fine print about lost and stolen money orders, and requirements for cashing a money order. Do not sign the back of the document because this is where the recipient signs to endorse the money order. K.A. The normal process for obtaining a photocopy by mail is to follow the Claim Card Process on the MoneyGram website. Informazioni su dispositivo e connessione Internet, incluso l'indirizzo IP, Attività di navigazione e di ricerca durante l'utilizzo dei siti web e delle app di Verizon Media. Other places you can get a mone… An anonymous money order without explanation could raise thoughts of a scam, causing the person to throw it away or report it. Use your full legal name and your current mailing address in this section. Look for the area on the money order that requires the payor’s signature. Sign the money order at the counter in front of a retail associate. Customers may be required to provide acceptable identification in relation to Money Order transactions including enquiries. Cashier's checks or teller's checks are other terms for bank money orders. Reviewed by: Alicia Bodine, Certified Ramsey Solutions Master Financial Coach. Print the note, or have someone else write it if you think the recipient will recognize your handwriting. Puoi modificare le tue preferenze in qualsiasi momento in Le tue impostazioni per la privacy. However, calling the location and asking can't hurt. With a money order, there’s no need for a bank account. It’s your proof that you paid the face value of the money order, so if anything goes wrong, you’ll likely need it. When you receive a check and sign it over to someone else, you are creating a third-party check. USPS money orders can be used for amounts up to $1000.00. 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 … This will appear on the front of the money order. Requests for expedited … These are generally very affordable and easy to fill out. You must write in the “pay to the order of” the name of the person to whom the money order is payable to. To cash a money order, you’ll need to first endorse it by signing your name on the back. Postal Service, cash them if they have the cash on hand, while some sellers might not cash them at all. Advertisement. Each location also has its own set of requirements for cashing money orders that are made out to someone else, so you will need to visit the bank and inquire what the exact procedure is. 1. Per consentire a Verizon Media e ai suoi partner di trattare i tuoi dati, seleziona 'Accetto' oppure seleziona 'Gestisci impostazioni' per ulteriori informazioni e per gestire le tue preferenze in merito, tra cui negare ai partner di Verizon Media l'autorizzazione a trattare i tuoi dati personali per i loro legittimi interessi. Just cross your name out and/or the other person can just sign under yours. It's never a good idea to mail cash, either, so money orders can be a better alternative if you need to send funds to someone who doesn't live nearby or whom you don't want to see in person. If the money order is blank, put your name in the recipient's area and endorse the back of the money order. Do not sign the money order. To be identified with the money order, there will be a section that is labeled as “From”, “Purchaser”, “Sender”, or “Remitter”. However, not every company accepts money orders. It’s a simple and reliable way to give money in person or send it through the mail. 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. Requesting a Refund You can get a refund for the money order if it gets lost or stolen, or it becomes apparent that the recipient does not plan to cash it. Sophisticated scammers have infiltrated the world of banking. The person or entity that you choose to sign the check over to will need to ensure that their bank will accept the check, as a bank is not obligated to do so. It also takes 30 days for Western Union to process that request. Noi e i nostri partner memorizzeremo e/o accederemo ai dati sul tuo dispositivo attraverso l'uso di cookie e tecnologie simili, per mostrare annunci e contenuti personalizzati, per la misurazione di annunci e contenuti, per l'analisi dei segmenti di pubblico e per lo sviluppo dei prodotti. 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