Filling out a money order is easy and convenient. If you don't have a checking account or want extra security when sending money through the mail, a money order offers secure payment. Money orders are widely accepted, and it's possible to trace them in the event of loss or theft. What's more, a money order is refundable if you don't use it. Use these tips for filling out a money order form.
Purchase a money order at the bank, post office, check cashing business, some grocery store check cashing services, or online provider for the exact amount of money you need. If you're sending money overseas, be sure to purchase one that can be used internationally, such as Western Union. Some money orders can only be bought up to a certain amount of money, so you may need to buy more than one to cover the total cost.
One common money order scam is when purchasers send a money order with a total over the agreed purchase amount. They request the payee to send back the difference in cash. Because such money orders are often construed as bogus or fraudulent, avoid purchasing a money order over the exact amount. Also, do not try to use an old existing money order for a new purchase. Be prepared to pay a nominal fee for the money order and use cash, traveler's checks, or a debit card.
Money orders vary greatly in their appearance, but they should have sections to provide similar information such as the recipient's name, your name, and what the money order is being used for. The money order form should also have tracking numbers and possibly watermarks or other official designations for authenticity.
First, you should fill in the name of the recipient. The form may have a line that reads "payee" "pay to" or "pay to the order" among others. It's highly important to fill in this line immediately. If the money order gets lost or stolen, no other party will be able to cash it. In this section, you might also see an area to fill in other recipient identifying information such as their address.
Second, you should sign the money order if there is a section designated "purchaser" "signer" or "signature." This section will be on the front side of the money order. Do not sign on the back or in an undesignated place.
Next, you should fill in your name and other identifying information such as address in the section "from" "sender" or "purchaser."
Then, identify what the money order is being used for in the section "Re" "Used for" or possibly "C.O.D. Number."
Finally, remove the receipt, which can be an attached portion to the side of the money order or a carbon paper underneath it. Keep this receipt safe, yet accessible in your records. In the event that the money order gets lost in the mail or the recipient claims never to receive it, you can easily trace the money order's status with the receipt.