Are you wondering how to fill out a money order that says “moneygram” on it? If so, this Article will guide you and show you everything you need to know. In 6 easy steps.
What Is a Money Order?
Money order is a certificate that is written out for a particular sum of money. The main difference between a money order and a personal check is that you do not need to have a bank account to use a money order.
All you need to do is purchase the money order and pay the amount upfront (along with the fee for the money order), and you will be able to use it to send money wherever you want.
Money orders are instrumental if you want a cheap and simple alternative to a personal check. They are popularly used by people who do not have a bank account. However, this does not mean you handle a money order carelessly. You need to keep it safe and secure as it might be difficult for you to recover it if it gets stolen.
Steps To Filling Out A Moneygram Money Order
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Ask the teller for a money order.
You will need to purchase the money order before you fill it out. You should know exactly how much money you need to send the recipient before you go to the MoneyGram location. MoneyGram will charge you a small fee for the transaction, so be able to cover that cost as well.
- MoneyGram accepts cash, debit card, credit card, or check for the purchase of money orders.
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Fill out the money order as soon as you purchase it.
Once you’ve paid for the money order, it’s as good as cash. If you leave the fields blank, then lose the money order, anyone who picks it up can make it out to him or herself and keep your money. To prevent this, make sure to fill out the form immediately upon purchase.
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Enter the recipient’s name in the “Pay to the Order Of” line.
This is the first line on the money order, and it is clearly marked as “Pay to the Order Of/Pagar de la Orden De.” The money order labels its various fields in both English and Spanish for the benefit of MoneyGram customers. On this line, you should write the name of the person or company who will receive the money order. Always ask the recipient what name should be provided on the money order, as you must use a legal name rather than a nickname. For example, you may know your landlord as “Jane,” but she may need to deposit the money order as her corporate name, which might be “Smith Properties, Inc.”
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Sign the money order.
Underneath the “Pay to the Order Of” line, you’ll find the “Purchaser, Signer for Drawer” line. Write your signature on that line. You don’t need to print your name legibly. You should use your official signature — the one found on your license and on the back of your credit cards, and the one you use to sign checks.
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Include your address.
Beneath the signature line is a line labeled “Address.” You may not be able to tell, from the money order, whether the address should be yours or that of the recipient. However, the address you include should be for the person who purchased the money order. Fill it out completely and accurately, including your street address, city, state, and postal code.
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Separate the money order from its receipt.
On the side of the money order, you will find a detachable stub that serves as your receipt. Bend along the perforated line to make sure you can remove the receipt stub without tearing the actual money order. Be sure to save the stub until you’re sure that the money order has been received and processed by the person you’re sending payment to. In the event that your money order is stolen or lost, the information on the receipt can be used as proof of purchase, or to track the status of the money order
FAQs Related to MoneyGram Money Orders
How Much Do MoneyGram Money Orders Cost?
While MoneyGram money orders have a limit of $500, compared to some other issuers, the good news is that they’re not expensive. As of 2020, MoneyGram money orders at CVS cost $1.25 each. At other locations, such as Vons and Walmart, the price ranges from $0.89 to $1.50 per money order. This fee is per money order and does not depend on the amount of money being sent within the $500 limit.
So, if you needed to send $750, for example, you would still need to pay $2.50 for two money orders to cover the first $500 and the next $250, even though you’re not reaching the $500 maximum on the second money order. Still, all things considered, you’re not spending all that much, and you’re likely to save a considerable amount purchasing money orders at places like CVS or Walmart than you would at the bank, which tend to have higher money order fees.
Where can i get a money order
There are many places where you can get a money order:
- Banks or credit unions
- The post office (USPS)
- Western Union
- Large stores and pharmacies, including Walmart, Kmart, and CVS
- Convenience stores, including 7-Eleven, Acme, Circle K, Kwik Trip, ShopRite, Super Stop, and Speedway
- Grocery stores, including Kroger, Meijer, Publix, Safeway, Food Lion, Giant Eagle, and Hy-Vee
