Question: What Happens If You Make A Mistake On A Money Order?

Can money orders be refunded?

With most money order issuers, including USPS, Western Union, and MoneyGram, you can cancel the payment.

1 2 To do so, either fill out a form or take the money order back to the place you originally bought it.

If successful, the issuer should return funds to you, often within about 60 days..

Can I make a money order out to a person?

1. Fill in the recipient’s name. Write the name of the person or business that will receive the money order on the line that starts with “Pay to the Order Of.” The recipient will be the only person or company authorized to deposit or cash the money order.

Can you cash a money order after written to someone else?

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.

Is it illegal to cash a blank money order?

If the lost money order was blank, that means anyone can sign and cash it, making it harder for you to ever get that money back. But if it was addressed to someone and a different person cashed it, you may be able to get a refund since the bank didn’t properly verify the identity of the recipient.

Does a money order have to be signed by the purchaser?

Legally, a purchaser’s signature is not required for a money order to be negotiable since it has been already paid for in cash. The named payee must sign in order to receive the cash.

What information do you need for a money order?

How can I buy a money order?Have everything you need: Be prepared with cash or a debit card, the name of the payee and the amount you want to send. … Fill it out: In addition to the payee’s name, you’ll need to add your name (and maybe your address) and sign the money order.

Does the sender endorse a money order?

Sign your name in the “purchaser’s signature” section. This section may be titled “Purchaser’s signature,” “Purchaser,” “From,” “Signer” or “Drawer.” Do not sign the back of the money order. This is where the person or business that you are paying endorses the money order before they cash it.

How do you correct a mistake on a money order?

Most major money order issuers do not allow customers to correct mistakes on money orders. You cannot cross the information out and rewrite it or use white-out; instead, you will usually need to get a replacement for the money order.

Why was my money order declined?

Banks don’t share with WU the specific reasons for declined transfers. The decline could be related to the cash advance capability of your credit card, your credit card limit, a mistake when entering bank account information or other requirements from your bank.

Do you need the receipt to cash a money order?

The bank won’t cash the money order without acceptable proof that you are the person who is supposed to receive the funds. Your name on the money order must match the name on your identification exactly.

How do I cancel a money order and get money back?

When you submit your cancellation form, you can either request a replacement money order or a refund of the purchase price. The replacement process can take up to 60 days, so if you’re using the money order to make an urgent payment, you should probably consider sending another.