Like the other major issuers, banks recommend that you do not make changes to money orders on your own. Web. In order for the recipient to cash the money order, his name must be written in the "payable to" field. Do not sign the back of the order, that space is reserved for the person endorsing the money order, the recipient of the payment. Furthermore, additional documentation regarding your identity may be required before you can receive money from the money order. A money order is a secure form of payment you can use in place of checks, cash or credit cards. Sign the money order at the counter in front of a retail associate. Do not sign the back of the postal money order, as this is where the recipient is supposed to sign. Some money orders have a “payment for/account number” field. “How to Deposit a Money Order.” BankingQuestions.com . Her dossier includes JaZaMM WebDesigns, assistant high-school band director, district manager for the Clarion Ledger and event coordinator for the Vicksburg Convention Center. There are two places to record names on our money orders. Keep your receipt until you know the money order has been received. If you don’t need the money right away and you have a bank account, consider depositing it. Give the signed money order to a teller at your bank, and ask them to deposit the money into your account, the same way as you would with a check. Other fields that must be completed include the purchaser's name and address. N.p., n.d. Do not sign on the line on the back of the money order. Firstly, he can take the money order back to the merchant it was purchased from. When you’re ready to cash or deposit a money order, endorse the back just like you do a check. Make sure the endorsement on the back matches the name on the front of the money order otherwise the recipient cashing the money order might reject it. Keep your receipt. 4. Integrated Publishing: Cashing Money Orders. The money order may not be valid if it is not signed.
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