When you don’t want to use bank checks, credit cards or cash, money orders are a safe and affordable payment method. However, you must fill in correctly to ensure that your funds are delivered to the correct payee on time.
These steps will help you fill out the money order correctly:
1. Write the name of the recipient
In the “Pay by Order” section, you must enter the name of the business or individual that will receive the money order. Make sure the recipient’s name is correct and spelled correctly.
2. Write your address
In the buyer section, you must fill in the complete address and contact information. If there are any problems or questions about the payment, this will help the recipient contact you.
3. Enter your account number and notes
Some money orders have an additional field called “payment/account number.” If you are paying a bill, please enter your account number accurately to ensure that your account has been paid.
In the memo section, you can write order or transaction details to help the recipient understand the reason for the payment. Writing in the notes section is optional, so you can fill it in or leave it blank when you don’t need it.
The currency order cannot be processed or considered legal without the buyer’s signature. Make sure to sign the “Purchaser’s Signature” field. Do not sign on the back of the bill of exchange because this part is for the recipient.
5. Keep your money order receipt
Store the bill of exchange receipt in a safe place so you can track the bill of exchange in case there are problems in the future.
Money orders from different money order issuers will have different formats, so please make sure you fill in the fields accordingly.
Manage currency orders
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