Introduction
Sending money has become more digital and convenient nowadays, however, at some point, you will encounter a situation where you need to use a money order. A money order is a paper document used to pay a specific amount of money to a specific person or organization. Many people choose this payment method for security reasons since money orders can be traced and easily replaced if lost. One of the providers of money orders is MoneyGram, a leading global provider of innovative money transfer services.
If you’ve never filled out a money order before, it may seem daunting. That’s why we have created this guide to help you through the process. This article aims to provide a complete guide to filling out a MoneyGram money order, tips to avoid common mistakes, answer frequently asked questions, and tips for international transfers.
The Ultimate Guide to Filling Out a MoneyGram Money Order: Step-by-Step Instructions
Filling out a MoneyGram money order is not complicated. However, you need to provide accurate information to ensure the recipient receives your funds.
Step 1: Write the recipient’s name on the line that says “Pay to the Order Of” (or “Pay to” for international recipients). You must fill out this line first since it’s the most crucial part of the money order. Be sure to spell the recipient’s name correctly in case a typo causes problems.
Step 2: In the field labeled “Purchaser, Signer for Drawer,” write your name, address, and sign the front of the money order. By purchasing a money order, you become the purchaser, and the drawer is the MoneyGram agent who sells the money order.
Step 3: In the field labeled “Memo,” add any additional information you’d like to include, such as the reason for sending money.
Step 4: In the field labeled “Amount,” add the amount of the money order. Make sure you’re paying the right amount because you can’t cancel the money order without cost.
Step 5: Keep your receipt and tracking number that comes with your money order and submit the payment as usual.
It’s essential to double-check your information before sending the money order. Make sure all information is correct, including the recipient’s name, your name and signature, the amount, and that you’ve filled out all fields on the money order.
Common Mistakes to Avoid When Filling Out a MoneyGram Money Order
Even though the process of filling out a MoneyGram money order is relatively easy, some common mistakes that people make can cause delays in payment and additional costs. Here are some common mistakes to avoid when filling out a MoneyGram money order :
Mistake #1: Writing incorrect information for the recipient such as the incorrect name or address. Be sure to double-check the spelling of the recipient’s name before submitting the money order.
Mistake #2: Neglecting to sign the money order. A signature is necessary to prove a money order is legitimate.
Mistake #3: Not buying the correct amount. Ensure the price is right because if the amount is not correct, you will have to cancel the money order to get a refund.
Mistake #4: Not knowing the costs associated with purchasing a money order. Fees vary depending on the amount and the destination of the money order.
Frequently Asked Questions About Filling Out MoneyGram Money Orders
Question #1: Where can I purchase a money order from MoneyGram?
You can buy a MoneyGram money order from participating retail locations.
Question #2: What is the fee for a money order?
The fee for a MoneyGram money order varies, depending on the location of purchase, amount of the money order, and destination.
Question #3: Can I use cash to purchase a money order?
Yes, however, you should check with the location for any restrictions.
Question #4: Can I trace my money order?
Yes, you can use the tracking tool provided by MoneyGram to trace your money order.
How to Track a MoneyGram Money Order After You Fill It Out
Since money orders are an instrument for money transfer, they can be traced by both the sender and receiver. Keep your receipt and the tracking number that accompanies your money order. By visiting the MoneyGram website, you can find the ‘Track a Transfer’ link, select the ‘Money Order’ option, enter the reference number, and complete the captcha.
Tips for Filling Out a MoneyGram Money Order for International Transfer
Filling out a money order for an international payment is like filling one out for a domestic transfer with some additional requirements. Here are some tips to keep in mind when using MoneyGram money order for an international transfer.
Tip #1: Currency exchange rates vary depending on the countries involved, and you can use a currency converter to determine how much money will convert to the correct currency.
Tip #2: Ensure that you have the correct country information for the recipient, such as their full name, address, zip code, and phone number. Also, remember to select the international payment option.
Tip #3: Double-check the fees associated with international money orders since they might be different.
How to Cancel a MoneyGram Money Order After You Fill It Out
Canceling a money order is a process that incurs additional fees. Before you cancel the money order, ensure that you have the receipt date, number, and the correct amount. Here are the steps to follow when cancelling a MoneyGram money order:
Step 1: Visit the location where you purchased the money order.
Step 2: Fill out the cancellation form and pay the cancellation fee.
Step 3: Wait for the refund. It usually takes up to 30 days to receive a refund.
Conclusion
Filling out a MoneyGram money order is an easy process, but accuracy is essential to ensure that the payment reaches the intended recipient. Remember to double-check the information before submitting, avoid common mistakes, and use the provided tracking tool to ensure secure delivery. This article has provided practical tips and step-by-step instructions to help you fill out a MoneyGram money order with confidence.
