With a money order, you dont sharerouting and account numbersas you do with a personal check.
This is usually done with a cashiers check when a personal check wont suffice.
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2.
When writing the payees name, confirm you spell it correctly and that your writing is legible.
Dont forget to write it in ink so that nobody can tamper with it.
Thats because the payee is the only one authorized to to cash or deposit the money order.
Yes, you write your name in this section.
In some cases, there may even be a section where you could add the payees address.
If theres both, check to see youre writing the correct address in the correct spots.
Sign Your Name
Close to the bottom of the money order is where youll need to sign it.
Check, check and check.
You want the help because different money order companies will have different policies.
Before sending your money order off, youll need to pay for it.
The money order issuer should give you a receipt hold onto it.
However, thats assuming that the money order hasnt already been cashed by someone else.
Thats why its important to check before sending off your money order or even before you finalize your purchase.
However, you wont be able to track the payment like how you could with a money order.
The main differences between these forms of payment have to do with the cost and speed of payment.
In some cases, you may need to put your address, though thats rare.
They can be purchased at many grocery stores and chain pharmacies.
She is the host of the Buzzsprout and Beyond the Dollar podcasts.
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