When cash, personal checks and credit/debit cards aren't your preferred (or accepted) method of payment, there's another option that guarantees certified funds for your recipient. Paying with a W
How Money Orders Work
You can think of a money order as an alternative to writing a check. But unlike a check that you present with only your guarantee that the funds are available, a money order is guaranteed by the agency or corporation that issues it. You have to prepay for a money order, which offers a higher measure of security to the recipient – a money order can't "bounce" like a check can, because it's already prepaid. But it also offers a higher measure of security for you, particularly if you're mailing a payment.
Types of Money Orders
Many agencies issue money orders. You can purchase a money order at some drug stores, such as a CVS money order, and you can also purchase a U.S. Post Office money order. If you purchase a Western Union money order, you'll be able to choose from more than 56,000
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Purchasing Western Union Money Order
You can't purchase a Western Union money order online, so you'll need to find a
Western Union Money Order Fees
The cost to purchase a
Filling Out Your Money Order
Before you begin filling out your money order, check it to make sure the amount that's printed on the money order is the amount you paid (minus your fee).
Follow these four steps to fill out your money order:
- Provide the payee's name. The payee is the person or business to whom you're paying money. On the line that's to the right of "Pay to the order of," clearly write the payee's name, making sure there are no misspellings.
- Provide your information in the purchaser fields. You're the purchaser of the money order, so you'll write your name and address information in the space that's labeled "From," "Sender," "Remitter" or "Purchaser." Be sure to write your full legal name and your current address.
- Sign the money order. You'll sign the front of the money order, on the signature line. Don't sign the back, because this is where your recipient must sign.
- Fill in the note or memo field. This is an optional field, which may not be included on all money orders. It gives purchasers a place to note the money order's purpose.