What if I already filled out the money order but no longer need it for the payment I was going to make? If the money order is not altered and in good condition, you may try to cash the money order at your bank or a check cashing store. We suggest that you contact your bank or check casher before going to the location.
How do you cash a money order that you 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 can I cash a money order not in my name?
If you don’t have any ID, you can endorse the money order to someone else, like a sibling or friend, who does have an ID. Then they can cash it for you.
Does the sender endorse a money order?
Sign your name in the “purchaser’s signature” section 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.
What do you need to know to cash a money order?
Other fields that must be completed include the purchaser’s name and address. When the money order recipient receives the money order, he is required to sign the back. In order for the recipient to cash the money order, his name must be written in the “payable to” field.
Who is the purchaser on a money order?
The purchaser or drawer is also the payor. When you buy the money order, fill in the name of the person you are paying immediately. If you lose the money order, someone else can write their name in as the payee and cash the money order.
How do you get money back from a money order?
Take the money order back to its place of purchase to try to cash it. Many sellers of money orders, such as the U.S. Postal Service, cash them if they have the cash on hand, while some sellers might not cash them at all. However, calling the location and asking can’t hurt.
What’s the difference between a check and a money order?
Cashing a money order that you didn’t use depends on the issuer of the money order and whether you have endorsed it to the intended payee. A check is an instrument written off the balance of your bank account. A money order is a financial document that you paid to purchase up front. It carries the same value as cash.
