Quick Answer: How Do You Pay With A Money Order?

How do you fill out a money order?

Steps to fill out a money orderFill in the name of the recipient.

Write the name of the recipient of the money order in the “pay to” or “pay to the order of” field.

Include your address in the purchaser section.

Write the account or order number in the memo field.

Sign your name in the “purchaser’s signature” section..

Do banks put a hold on money orders?

As a former banking investigator, it actually takes seconds, but the banks hold on as if it takes a day or even more to clear so they can make money off your money. Different banks have different clearing times, but it’s all a scam. The longer they hold on to your money, the more money they can make off you.

Can I cash a money order at Walgreens?

Walgreens doesn’t sell or cash money orders at any of its stores, including Duane Reade locations. Instead, Walgreens offers Western Union money transfers.

Which grocery stores cash money orders?

For example, there are many grocery stores, such as Publix, Meijer and Winn-Dixie that sell money orders, but do not cash them. However, you still do have quite a few options….Places to Cash Money OrdersAt your Bank or Credit Union. … At the Money Order Issuer (Post Office, MoneyGram and Western Union) … Walmart. … Kroger.More items…•

How do I cash a money order I didn’t use?

Take it to the Bank If the money order is blank, put your name in the recipient’s area and endorse the back of the money order. Then you can either present it to a teller. 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.

How does a money order work?

How to use a money order. When you purchase a money order, you pay the full amount upfront plus a small fee. After verifying that the amount is correct, you’ll need to fill in your name and contact information on the front of the money order, plus the name of the recipient and their contact information.

Can you cash a money order immediately?

One of the easiest ways to receive your funds is to cash a money order at the bank. Consider cashing your money order at a bank where you already have an account so that you can securely deposit the funds immediately.

Can I put a money order in my bank account?

If you prefer to put your funds directly into your checking account, you can deposit a money order instead of cashing it. Banks usually accept post office money orders like they would a regular check at branches, ATMs or even on a mobile app. Money orders from other sources may need to be deposited at a branch.

Do you have to put your name on a money order?

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.

Does a money order have to be signed by the purchaser?

Legally, a purchaser’s signature is not required for a money order to be negotiable since it has been already paid for in cash. The named payee must sign in order to receive the cash.

Can I return a money order if I write on it?

No, you cannot make changes to a completed money order. Any form of alteration or correction will result in ineligibility for cashing. Alternatively, you may opt for a refund through our office, which you may obtain by following the How do I request a Money Order refund instructions.

Is money order considered cash?

A money order is essentially a prepaid piece of paper, similar to a check, that you get in exchange for cash. You can use them to send people money, and recipients can easily deposit them into their bank accounts. … A cashier’s check is similar to a money order, but is issued by a bank and requires a bank account.

Can I pay myself with a money order?

Short Answer: You can make a money order out to yourself, but you can’t alter a money order after it’s been made out to someone else. To write a money order to yourself, you’ll write your name as both the purchaser and the recipient.

What information do you need for a money order?

How can I buy a money order?Have everything you need: Be prepared with cash or a debit card, the name of the payee and the amount you want to send. … Fill it out: In addition to the payee’s name, you’ll need to add your name (and maybe your address) and sign the money order.

How long does a money order take?

Don’t submit your request for a copy until your money order has been processed by the recipient—unless you want to cancel the money order. The cost is $18, and the process may take around 30 days. Again, it’s best if you keep your receipt when you buy a money order.

Can I Mobile deposit a money order?

Endorse the back of the money order and list it separately (as a check) on your deposit slip. Use caution when using your mobile device to deposit money orders. Banks may require you to deliver the original money order to your bank for processing, and many don’t allow mobile money order deposits at all.

How long do money orders take to clear?

Money orders generally clear almost immediately, and if you (or the person you send a money order to) are redeeming it for cash, you should receive the funds right away. However, some banks may take as long as 24 hours to deposit a money order into your account, especially if you deposit it later in the day.