Can someone else cash a money order?
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 return a money order to the bank?
Take it to the Bank If you have a bank account, you can deposit the money order into your account, provided you haven’t written on it. 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.
To cash a money order, you’ll need to first endorse it by signing your name on the back. 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.
How do I cash a money order made out to someone else?
What is needed to cash a money order?
How to Cash a Money Order
- Bring your money order to a location that will cash it. You can take the money order to your bank, credit union, grocery store, and some retail stores.
- Endorse your money order.
- Verify your identity.
- Pay service fees.
- Receive your cash.
Will Walmart cash a money order?
Walmart will cash MoneyGram money orders. Check Cashing fees may apply. For purchases over $1,000 a valid government-issued photo ID is required. If the money order is not damaged or altered, please visit your local Walmart store with your original sales receipt to obtain a refund.
Can you cash a money order at an ATM?
Where can I cash a money order? Banks accept U.S. Postal Service money orders as they would regular checks at branches, ATMs or even on a banking app with a mobile check deposit function. Don’t forget to sign the back of the money order before depositing.
Where can I cash a check or money order?
If someone receives a money order, they can generally cash it through the organization that issued it, through a check cashing or other retail store or deposit it at a bank.
Do you have to pay with a money order?
Anyone can request or choose to pay through a money order. In any case, while it’s a piece of paper, it would be wise to still treat it like a check or cash. To access the promised funds, you can cash or depositit.
Can YOU Cash a third party money order?
Short Answer: Typically, anyone with proper identification can cash a money order that is either made out to them or signed over to them. However, third-party money orders (signed over to someone other than the original recipient) can be tricky to cash.
Is it better to deposit a money order or cash it?
Depositing Money Orders. If you don’t need 100% of the money order in cash, it’s probably a better idea to deposit the money order in your bank account rather than cashing it. You can get cash later if necessary and, in the meantime, your funds will be safe in the bank.