They aren’t the ideal solution for everyone, though. Money orders provide an easy and secure way to send money and pay for services. If the money order is lost or stolen, the receipt helps you cancel it. Always take this receipt, as it has your tracking number for the money order and gives you proof of purchase. No matter where you get a money order, the teller or cashier will offer you a receipt. You won’t sign the back, as that’s meant for the recipient. This makes the money order official, allowing the recipient to cash it. You’ll sign the front of the money order. If you’re paying debt, you’ll write the account number associated with that creditor. Toward the bottom of the money order, you may see a section labeled “Memo,” “Account Number” or “Payment for.” You won’t write your bank account number on the memo line, but rather your account number or order number associated with the business you’re paying.įor example, if you’re paying a utility bill, you’ll write your account number for that utility company. #3 Write Your Account or Order Number in the Memo Field Again, all information needs to be correct. If there’s a separate line for the recipient’s address, fill that out as well. Right under the “Pay to” section is the purchaser’s address field. #2 Write Your Address in the Purchaser Section Make sure you spell everything correctly. In the “Pay to” or “Pay to the Order of” section, fill out the full name of the person or business the money is going to. If this is wrong, that person can’t cash the money order. One of the most important parts of the money order is the name of the person you’re sending the payment to. When you first ask for a money order, the teller fills in the payment amount you’re requesting. A money order looks similar to a personal check though you’ll need to fill in additional information such as your address and the account number associated with the business you’re paying.
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