This brings us to this article today on how to fill out a money order. In the past money orders used to be the order of the day but since banks have devised a way to transfer and receive money electronically the days of money orders are now almost over. That does not mean that so many people are still not making use of the money order system of sending people money.
If you are planning on sending someone a money order you should stop and make sure you read this article to the end before continuing. So that there would be no chance that the money order you have sent did not get to the passages participants that need the money. In this article, I will show you everything you need to do and know on how to fill out a money order.
What is a Money Order?
A money order is a paper form of payment just like a check however money orders to not bounce as way shakes do. It is a form of payment that is used to send money to a recipient that does not have a bank account. Money orders can be purchased filled and mailed or sent to the person that they are intended for and the person will receive the money.
It is very important to know how to fill a money order so that your money does not get lost because money orders do not usually tend to be returned. Which is why it is important to have the information of the recipients of the money order so that it can be properly sent to the person. Money orders usually attract a transaction fee when they are purchased from banks and other places and mailed.
Where to Get a Money Order
If you are looking for one of the best places or the best places to buy a money order so that you can send them you are on the right track. Anyone in the US can buy money orders from various places including banks credit unions, Walmart, CVS, or any of the 31,300 U.S. Postal Service (USPS) retail offices and others. All you need to do it will basically visit any one of these places to work out with a money order in your hands.
Things you Need to Fill out a Money Order
The money order needs to contain certain information if it is to be properly sent and received by the sender and the recipient. It is very crucial to have this information is correct because if there are any errors your money order might not end up getting sent to the destination you need it to go. That being said below are all the information that you need to fill in the money order:
- Payee’s name
- Payee’s address
- Payment amount
- Your name and address
- Memo line
These are some of the things that you are going to be needing if you want to properly fill out a money order.
How to Fill out a Money Order
We have now come to the main purpose of this article today which is simple to understand a step-by-step method on how to fill out a money order. That being said below are the steps that you need to follow to fill out your money order:
The Recipient Name
The first and most important thing that you need to fill in a money order is the recipient’s name which is the person to that you are sending the money. You need to enter or write the person’s name in the “pay to” or “pay to the order of” field. After entering the person’s name then you are good to go to the next step. If you cannot find the person’s name you can also make use of the person’s business name.
Send us Address
The sender’s address is your address and you need to include this in the purchase address section which is you. Therefore make sure you fill out your address properly and correctly so that in case of a return the package can be returned back to you.
Use the Memo
When you get to the use of the memo field this is me and you are going to be including worth the money order you are sending to the recipient is for. All you have to do in this place is to include whatever thing that you are sending the person the money for. So that the money can be used for that specific purpose. You should not skip this section but include it.
Sign your Name
The last and final step to filling a money order correctly is by signing your name in the place where it says to sign your signature at the front of the money order. There is also another place in the back where another recipient needs to sign the money order however that one at the back is reserved for the payee that is going to endorse the money order.