How can I fill out a money order or what address do I need to put on a money order? These are the most asked question by people. In the article, we will show you a step-by-step guide on how to fill out a money order. The process of how to fill out a money order is fairly straightforward. But the important thing you need to take note of is filling out the right information.
When you fill out a money order the way it should be, these paper documents enable you to be able to securely send or receive money. It serves as an alternative payment method to cash, checks, or credit cards. According to Western Union “think of a money order as a pre-paid check.” Before you can start filling out a money order, these are the following requirement to purchase and fill out a money order properly.
What you need to fill out a money order
Keep in mind, that different institution has different requirements when filling out a money order. Even if it is western union or the United States Postal Services. Each institution’s money order might come to be different in terms of appearance. Generally, the requirement to fill out a money order includes the following:
- Name of the payee (a person to whom money is paid).
- Payee’s address
- Payment amount
- Your name and address
- Description of the payment.
Likewise, you need a form of payment in other to make a purchase for the money order. Some issuers might not accept some payment methods like credit cards to purchase a money order.
Step by Step Guide to Fill out a Money Order
When you have successfully purchased your money order. Therefore, you need to ensure that you fill out the information thoroughly so that the money can reach the right person and he or she can cash it out. Here is the step on how to fill out a money order:
Step 1: Fill in the name of the recipient
The place where you see “Pay to the Order Of” is where you need to write the name of the person or business receiving the money order. The name on the money order is the only person that has the right to cash out the money.
Step 2: Fill in your address in the purchaser section
In the section where you see the purchaser’s address, you need to fill in your address. Also, you might see a second address field that requires you to fill in the address of the person you’re paying.
Step 3: Fill in the account or order number in the memo field
The memo line allows you to write a description of the money’s purpose i.e. writing down the purpose of sending the money. For instance, you can state that the money is to purchase a particular item. Likewise, if you have an account or order number from the payee, you can also include that as well.
Step 4: Sign your name where it says “purchaser’s signature”
This is very important, as your signature is required to make the money order official. Keep in mind, that you don’t sign the bank, your signature placement is on the front of the money order. The back signature is meant for the receiver to sign.
Step 5: Keep your receipt
Lastly, you need to keep your receipt and this includes your tracking number. You can use the tracking number to track your money order if it reaches the right person. If not, you can use the tracking number to track down your money with ease.