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How to Fill Out a Money Order

Girija Shinde Oct 7, 2018
Are you not aware of how to go about filling a money order form? Then read ahead; there are very few steps involved in it.
Money order is one of the oldest and trusted forms of payment. If you want to pay for some prespecified amount of money, you can make use of this alternative. It is considered to be a safer way of payment, in comparison to a personal check.
The main reason behind it is that there is no possibility of it bouncing, which is not the case with checks. Domestic money orders can be purchased till only a specific amount; for example, in the US, these are restricted to USD 1000 only.

Why to Use It?

Money orders were started in the US for those who did not hold accounts. These people couldn't send money because they did not have an account, and it was this facility that made it possible for them to send some. Money also comes in handy, if you do not have a credit card.
Nowadays, money orders are widely used for payment in other countries, as personal checks are of no use in any other country except yours. There are special international money orders, which are to be utilized for international transactions.
Most of the time, checks take time to get cashed especially, if there are bank holidays, or if the person issuing the check is not in town, etc. At such times, this alternative comes to our help, as it can be cashed without delay.
Another use comes into the picture in case you have opened a new account, but haven't got a check book. In such a case, if you need to issue a check, the bank will provide you with it, but will charge for the service, as well. In this case, using a money order will be quicker, easier, and cheaper comparatively.
Another use is if you buy some gadget, or anything from a person you do not know, you won't take a check from him, as there are chances of forgery. Taking money from ATM is also not possible, if the amount is more than USD 500. So, money order is the best option, as the person will have to make the payment in front of you, and thus cheating can't be done.
Thus, these are some of the uses. As you must have observed, these uses exist even today, and that is why, unlike letters and other postal things, this alternative payment method hasn't become bygone still.

Filling It Out Properly


Many people are unaware of places to buy a money order. It can be bought at post office, banks, western unions, convenience stores, check-cashing businesses, customer service desks of the grocery stores. It usually costs 70 cents, depending on the place from where you purchase it. Most banks charge USD 1- USD 1.65. You can buy one with cash or a debit card.


In the column of "payee" (or "pay to" or "pay to the order of"), write the name of the person to whom you want to send it. If it is to be sent to a company, write the company's name, and not of the manager's or the CEO's.


In the column of remitter (or purchaser or from), write your name as the sender. If there is a separate column for account number, write it there. If there is no separate column, write your account name above your name. Sometimes, "memo", C.O.D. no., or "Used for" is mentioned, instead of account number. You are supposed to fill the account number there.


In the space provided for address (or purchaser's address), write your address, i.e., the sender's address and not the receiver's one. There might be a separate space for writing the person's or company's name to whom it is being sent.


Do not sign the back of this payment order, as that space is generally for the receiver's signature. If space is not specified for your signature, sign on the front side.


It is necessary that you keep the receipt, as it is proof that you have completed a transaction. Generally, its slip itself has a carbon copy, which works as your receipt.
Last but not the least, make sure that you do not carry a blank money order because if it is lost, someone else can spend it.