How to Fill Out a Money Order Correctly

Money orders are a reliable method for transferring funds, serving as a prepaid financial instrument. They ensure the recipient receives the exact amount specified and are widely accepted as a secure payment alternative.

Before You Fill It Out: Gathering Details

Before filling out a money order, gather all necessary information. You will need the precise full legal name of the individual or entity who will receive the money, known as the payee. You must also know the exact monetary amount you intend to send, as this figure will be written out twice on the form.

Additionally, you will need your own full name and current address as the purchaser. If the money order is for a bill payment, confirm if the recipient requires an account number, invoice number, or any other reference identifier. Money orders can be purchased at various locations, including post offices, banks, credit unions, and many retail stores.

Filling Out Your Money Order

Locate the “Pay To” or “Pay To The Order Of” line, and carefully write the full name of your recipient in this space. Ensure the name is legible and matches the information you previously confirmed. Next, find the line designated for the purchaser’s information, often labeled “Purchaser,” “Sender,” or “From,” and legibly print your full name and current address there.

The monetary amount must be entered in two distinct places on the money order. First, write the numerical amount, such as “$250.00,” in the box or space provided, typically marked with a dollar sign. Following this, write out the amount in words on the designated line, for example, “Two hundred fifty and 00/100 dollars.” After writing the word amount, draw a line through any remaining blank space on that line to prevent unauthorized alterations. If there is a “Memo” or “For” line, you can optionally include a brief note, such as an account number or invoice number, to help the recipient identify the purpose of the payment. Do not sign the money order on the designated signature line until you are prepared to send it, as an unsigned money order is generally not valid for payment.

After You Fill It Out: Essential Next Steps

After completing the money order, detach and retain the purchaser’s receipt or stub. This stub contains crucial information, including the money order’s serial or tracking number, the amount, and the date of purchase. This receipt serves as your proof of purchase and can be used to track its status.

Should the money order become lost or stolen, or if you need to verify its payment, this receipt is essential for initiating an inquiry with the issuer. You can use the tracking number on the stub to check its status through the issuer’s online portal or by contacting customer service. If a money order is lost or stolen before it is cashed, you can often request a refund or stop payment from the issuer, though this process usually involves a fee, typically ranging from $5 to $30, and can take an average of 30 to 60 days to process. Once you are ready, securely mail or hand-deliver the completed money order to the recipient.