Can I cash a money order that I bought myself?
You can treat one just as you would a check that's made out to you. You can cash a money order or you can deposit it into a bank account to get access to the money. It's just a piece of paper until you do so.
You can cash a money order where it was issued (which should be printed on the money order). Additionally, you can generally cash money orders at your local post office or retailers like Walmart. Keep in mind that you may need to pay a fee if you choose to cash a money order at the non-issuing institution.
A purchased money order is like a signed check; it is the responsibility of the purchaser to enter in who the money order is payable to (otherwise, anyone can cash it). Money Orders must be made payable to a single identifiable party, which can be the purchaser.
If the money order is not altered & is in good condition, you may try to cash the money order at your bank or a check-cashing store. Once you are with a teller, write the following phrase on the back of the money order: “Not used for purpose intended.”
Once you fill in the recipient's name, the money order can only be cashed by the payee. When paying a bill, include an account or invoice number to ensure the payment is credited correctly.
Does Walmart Cash Money Orders? Walmart cashes MoneyGram and Western Union money orders for a fee. You can also cash a money order at banks, check-cashing services and certain retailers, including grocery stores. Wherever you cash a money order, you'll need an ID to prove you are the lawful recipient.
If it hasn't been cashed, you can fill out the Money Order Customer Request form to request a refund. You'll pay a $15 processing fee, deducted from the refund, to process the request. It takes about 30 days to complete a money order refund.
What if I already filled out the money order but no longer need it for the payment I was going to make? If the money order is not altered and in good condition, you may try to cash the money order at your bank or a check cashing store.
Write the Name of the Payee
Be sure to double-check the spelling of the payee's name. You can't make changes after a money order has been processed. If you make a mistake in filling out the payee's name and don't fix it, the recipient likely will run into trouble cashing the money order.
Once a money order is issued, the name of the payee cannot be changed. If you need to change your name on a money order, you will need to cancel the old money order and issue a new one. To cancel a money order, you can either: Go to the post office where you bought the money order and fill out a PS Form 6401.
What makes a money order invalid?
Misspelling the payee or recipient's name. Writing the wrong payee or recipient address. Leaving the recipient field blank. Writing your name or address incorrectly.
If you don't have a bank account, you may choose to visit the nearest location that will cash the type of money order you have received. For example, you might choose USPS for a postal money order or Walmart for a MoneyGram order. Cashing a money order should be a relatively painless process.
They will cash MoneyGram Money orders purchased from a Walmart, however they will not cash them if they come from another MoneyGram location. You should be able to. The receipt is just proof of your purchase but is for your records. It says Walmart will cash a USPS money order.
Tracking and cancelling a Walmart MoneyGram money order
MoneyGram will refund your money order, if it has not yet been paid out or cashed by the recipient. Upon cancelling, transfer fees are usually not refunded. Domestic refunds are usually processed within 30 days from when a written request was made.
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. Then they can cash it for you.
For a bank-issued money order, your bank will likely keep a copy of the receipt, as they are the issuing institution. It is also likely that they will be able to identify your money order from your account history and trace it this way. However, none of this is guaranteed and will vary between banks.
If you don't need the money right away and you have a bank account, consider depositing it. Banks accept money orders as they would regular checks at branches, ATMs or even on a banking app with a mobile check deposit function. Don't forget to sign the back of the money order before depositing.
Do money orders have an expiration date? No, money orders do not have an expiration date. 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.
Money orders allow you to securely send or receive payments, providing an alternative to cash, checks or credit cards. They are similar to checks, but, because they're prepaid, money orders can't bounce. They can, however, get canceled or refunded if not filled out correctly.
Complete a request form.
To start the cancellation process, you will have to fill out a request form provided by the issuer of the money order. You will be asked to give information such as the amount of the money order, the date it was purchased, the person it was made out to, and the tracking number assigned to it.
How do you cash a money order not in your name?
The original payee must sign the money order over to you before you can cash a money order that's made out to someone else. The process is the same as signing over a check. The payee must sign their name and write "Pay to the order of [your first and last name]" on the endorsem*nt line on the back of the money order.
If a money order isn't cashed within the designated time frame, it becomes stale or expired, and the issuer may no longer honor it. Some issuers may charge a fee for replacing a stale money order or for refunding the amount. These fees can vary depending on the issuer's policies.
Take the money order to your bank explain the situation and tell them you want to put the money in your account, or cash it.
You can cash a money order without a bank account at a bank, but you will be charged a fee. That being said, please be aware that not all banks will allow you to cash a money order. You can also cash a money order at the US Post Office.
If your online bank has an electronic scan feature, you can snap a photo and upload the money order to your account for deposit.
