What Happens If You Make A Money Order Out To The Wrong Person?

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 change name on money order?

No, you cannot make changes to a completed money order. Any form of alteration or correction will result in ineligibility for cashing.

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.

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.

Can I deposit a money order that is not in my name?

You cannot cash or deposit a money order that is made out to someone else unless the original recipient signs it over to you, and vice versa. To sign a money order over to another person, you need to sign your name on the endorsement line and write “Pay to [Name of person]” beneath your signature.

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.

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.

What if you make a money order out to the wrong person?

Many money order providers and cashiers won’t let you correct the mistake yourself. Changing information on the completed money order will make the order ineligible for cashing; the official policy is that money orders must be canceled and/or refunded if there is a mistake.

Can you cancel a money order Walmart?

Walmart allows you to track a money order online at no cost with their online tool, if you don’t have an account. You’ll find the option to cancel on the Transaction Details page. MoneyGram will refund your money order, if it has not yet been paid out or cashed by the recipient.

Is it illegal to cash a blank money order?

Whoever the money order was intended for, it wasn’t yours to cash. … It would be the same as if you found an envelope full of cash and kept it. It’s not yours, plain and simple. You have no legal right to claim it and keep it as your own.

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.

What can you do with an unused money order?

Take it to the Bank If the money order is blank, put your name in the recipient’s area and endorse the back of the money order. Then you can either present it to a teller. If you don’t have a bank account, many banks such as Chase, Wells Fargo and Bank of America will cash a money order for a fee.

Can I cross out 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.

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.

Can you get your money back from a money order?

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.

How do you refund a money order that has already been filled out?

How to request a refund: If you have the blank money order, you can fill it out to yourself and cash it. If the money order was lost, stolen, or you’ve already filled it out to someone else, visit any U.S. Post Office with the original receipt and ask an associate to start a Money Order Inquiry.

Why was my money order declined?

Because money orders are prepaid, they can’t be rejected for insufficient funds and aren’t subject to the fees that come with bouncing a check. Some businesses or people may accept money orders but not personal checks because they don’t want to bother with the risk of a bad check.