Quick Answer: Can Anyone Cash Out A Money Order?

Can I get a money order from a bank that isn’t mine?

You can get a money order at several places you frequent.

Your bank might be the most obvious, but the post office, convenience stores, grocery stores, check-cashing shops, Western Union, and Wal-Mart all sell money orders, too.

You can also deposit the money order into your bank account..

Can I change the name on money order?

No, you cannot make changes to a completed money order. Any form of alteration or correction will result in ineligibility for cashing.

Can a money order be traced?

A money order is not a check, and it’s harder to trace one; keep your receipt until you are sure the order has been received and cashed. … This information should always be kept until the purchaser is certain the money order has cleared. Without a receipt, tracing a money order can be difficult or even impossible.

How long does it take to cash a money order?

A money order would need to be deposited before 10:00PM local time with a teller at a branch or at an ATM to count for that business day. The funds would be available for next business day withdrawals, and to pay checks and purchases that post to your account the next night.

Who can cash a money order?

Where to Cash a Money OrderBank. One of the easiest ways to receive your funds is to cash a money order at the bank. … Credit union. … Money transfer outlet. … Post office. … Grocery store. … Check-cashing location. … Convenience store. … Money order issuer.More items…•

Do Walgreens do money orders?

No, Walgreens does not sell money orders. It does, however, sell money transfers via Western Union. … They are also both great ways to get and receive money when banks are closed. At Walgreens, you can send a money transfer of up to $6,000 and receive up to $300 per transaction.

Can you cash a money order at Walmart?

You can also cash your money order at your local Walmart store (although bear in mind Walmart will only cash Walmart issued money orders: if yours has been issued by another provider, you’ll need to find another venue).

How long does it take for a money order to clear?

Money orders generally clear almost immediately, and if you (or the person you send a money order to) are redeeming it for cash, you should receive the funds right away. However, some banks may take as long as 24 hours to deposit a money order into your account, especially if you deposit it later in the day.

Does a money order have to be signed by the purchaser?

Legally, a purchaser’s signature is not required for a money order to be negotiable since it has been already paid for in cash. The named payee must sign in order to receive the cash.

Do you need to have cash for a money order?

Take cash, a debit card, or a traveler’s check. You cannot pay with a credit card. … Pay the dollar value of the money order plus the issuing fee. Keep your receipt to track the money order.

Can you put two names on a money order?

As a general rule it has always been accepted that 2 names on a money order or check would have to be signed by both parties unless there is an ‘or’ placed between the names. So this would mean that 2 names (one after the other) would require both parties to be present with proper ID to cash the money order or check.

Can I cash a money order made out to someone else?

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. … You can then cash or deposit the money order at your own bank, or bring it to a place that cashes third-party checks.

How do you cash a money order that’s not used?

Take it to the Bank 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. If you don’t have a bank account, many banks such as Chase, Wells Fargo and Bank of America will cash a money order for a fee.

How much is it to cash a money order?

Where can I get a money order? How much does a money order cost?ProviderCostU.S. Postal ServiceUp to $500: $1.25 $501-$1000: $1.70 Military money orders: 45 cents International (up to $700): $10.25Banks and credit unionsDepends on the financial institution. Often around $5.3 more rows

How do I cancel a money order and get money back?

When you submit your cancellation form, you can either request a replacement money order or a refund of the purchase price. The replacement process can take up to 60 days, so if you’re using the money order to make an urgent payment, you should probably consider sending another.

What happens if you fill out a money order wrong?

Many money order providers and cashiers won’t let you correct the mistake yourself. Changing information on the completed money order will make the order ineligible for cashing; the official policy is that money orders must be canceled and/or refunded if there is a mistake.

Can I deposit a money order that is not in my name?

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.