Question: Can Anyone Cash A Money Order?

Who can cash a money order?

Where to Cash a Money OrderBank.

One of the easiest ways to receive your funds is to cash a money order at the bank.

Credit union.

Money transfer outlet.

Post office.

Grocery store.

Check-cashing location.

Convenience store.

Money order issuer.More items…•Sep 26, 2018.

Can someone cash a stolen money order?

If you receive a receipt with your money order, you should hang on to it in case the money order is lost or stolen or anything goes wrong. If someone receives a money order, they can generally cash it through the organization that issued it, through a check cashing or other retail store or deposit it at a bank.

How much does it cost to cash a money order?

According to the fee schedule of US Post Office, you’ll pay $1.25 to cash a money order of up to $500, and $1.70 for one up to $1,000. The fee is just $0.45 for postal military money orders issued by military facilities.

How do I cancel a money order and get money back?

With most money order issuers, including USPS, Western Union, and MoneyGram, you can cancel the payment. 1 2 To do so, either fill out a form or take the money order back to the place you originally bought it. Bring identification and any information you have about the money order to start the process.

How do I cash a money order made out to someone else?

To cash a money order, you’ll need to first endorse it by signing your name on the back. You will also need to provide identification no matter where you’re cashing your money order. 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.

How long do you have to cash a money order?

one to three yearsNo. However, depending upon the state of purchase, if you do not use or cash the money order within one to three years of the purchase date, a non-refundable service charge will be deducted from the principal amount (where permitted by law).

Will Walmart cash a money order?

Walmart will cash MoneyGram money orders. Check Cashing fees may apply. For purchases over $1,000 a valid government-issued photo ID is required. … If the money order is not damaged or altered, please visit your local Walmart store with your original sales receipt to obtain a refund.

Can I deposit a money order to PayPal?

PayPal does allow money orders to be deposited. You’ll need the PayPal app and your phones camera.

Is it illegal to cash a blank money order?

If the lost money order was blank, that means anyone can sign and cash it, making it harder for you to ever get that money back. But if it was addressed to someone and a different person cashed it, you may be able to get a refund since the bank didn’t properly verify the identity of the recipient.

Do money orders need a signature?

One required field on any money order is an indication of the sender. On most money orders, it’s your signature that’s requested, just as you sign a check. But on USPS money orders, the blank is only labeled “From.” Whether you write or sign your name is up to you.

What does purchaser’s address mean on a money order?

Step 2: Write your address on the “purchaser” line Putting your address allows the recipient (wherever they deposit the money order) to contact you if they want to confirm that it’s real or if there is an issue. Some money orders ask you to write (not sign) your name as well.

Does Walgreens cash money orders?

Walgreens doesn’t sell or cash money orders at any of its stores, including Duane Reade locations. Instead, Walgreens offers Western Union money transfers.

Can a money order be cashed without purchaser’s signature?

Can a money order be cashed without purchaser’s signature? No. In order to be cashed, a money order needs the purchaser’s signature.

Does the sender endorse a money order?

4. Sign your name in the “purchaser’s signature” section. … This section may be titled “Purchaser’s signature,” “Purchaser,” “From,” “Signer” or “Drawer.” Do not sign the back of the money order. This is where the person or business that you are paying endorses the money order before they cash it.

Is a money order considered cash or check?

A money order is essentially a prepaid piece of paper, similar to a check, that you get in exchange for cash. You can use them to send people money, and recipients can easily deposit them into their bank accounts.

How do I cash a money order I 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 do you sign over a money order?

How to Fill Out a Money Order Step-by-StepFill in the recipient’s name.Write your address in the purchaser section.Include your account number if you’re paying a bill.Sign the bottom where it says “purchaser’s signature.”Keep your receipt.

How secure is a money order?

Like a check, money orders are written directly to individuals or companies by name, requiring endorsement and identification to cash them. This makes money orders much more secure than cash, protecting the funds in case of loss or theft.

What happens if someone steals a money order?

If your money order was stolen or lost, and not yet cashed when the issuer concludes the investigation process, a refund is issued. The USPS allows for picking up a refund, in the form of a postal money order you can address to yourself and cash immediately, at any post office.

Can someone else cash a money order?

You cannot cash or deposit a money order that is made out to someone else unless the original recipient signs it over to you, and vice versa. To sign a money order over to another person, you need to sign your name on the endorsement line and write “Pay to [Name of person]” beneath your signature.