He has a BBA in Industrial Management from the University of Texas at Austin. That’s where the recipient will endorse it when they go to cash or deposit it. As the purchaser, there is no legal requirement that your address be included on the order.
You can try to verify the payment by calling the issuer before you send merchandise, but the absolute safest approach is to cash the money order with the issuer. Remember that your bank might allow you to cash a money order for 100% of its value, but later come after you for the funds if the money order is bad. It’s best to submit payment along with your cancellation request. In some cases, the fee can celebrity iou who pays be deducted from your refund, but it also slows things down if the money order was cashed (because there’s nowhere to pull the funds from). Many money orders issued at grocery stores, convenience stores, and check cashing stores are Western Union or MoneyGram money orders. If your money order was issued by an organization not already covered here , there’s still a good chance that you can track it.
If you are unclear which space should be used for each party, ask the person selling the money order for assistance. If you’re sending the money order to an individual, make sure the name on the money order matches the name on their ID—they’ll have to show ID to cash it. WikiHow marks an article as reader-approved once it receives enough positive feedback.
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The security token generates a one-time code to verify the user originating ACH files or initiating wire transfers. If you don’t have the recipient’s contact information, you can try contacting the issuer. Some vendors provide order receipts, which contain tracking information and proof of the value of the money order.
Western Union and MoneyGram use watermarks and heat-sensitive inlays to safeguard their money orders, but you won’t find examples of them online. If you’re suspicious of the design features of a money order, take it to an outlet that sells those money orders and ask an employee to inspect it. Before depositing a money order, call the phone number or visit the website listed on the document, and use the serial number to check its validity. This isn’t a perfect solution, but it will rule out many bogus money orders.
So go ahead and tell your loved ones in theUnited Statesto send you moneysafely, quickly and affordablywith theBOSS Money Apptoday. Allows you to see how much you have saved in fees by comparing competitor fees in the App. Experian websites have been designed to support modern, up-to-date internet browsers. If you are currently using a non-supported browser your experience may not be optimal, you may experience rendering issues, and you may be exposed to potential security risks.
Many retailers affiliated with Fidelity Express sell money orders but do not cash them. Payment options, ID requirements, and maximum amounts vary from location to location. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas.
And just as significantly, considering the nature of its business, Fidelity Express uses GoAnywhere’s built-in security functions to help ensure those files are locked down in transit. Opinions expressed here are author’s alone, not those of any bank, credit card issuer or other company, and have not been reviewed, approved or otherwise endorsed by any of these entities. All information, including rates and fees, are accurate as of the date of publication and are updated as provided by our partners. Some of the offers on this page may not be available through our website. Based in Sulphur Springs, Texas, Fidelity Express specializes in several services offered through convenience stores, including money-order sales and walk-in bill-payment processing.