Dissimilar to private business checks or even other money orders created by banks, the U.S. Postal money order has watermarks, security threads and a rainbow of inked patterns and tones.
What are the different features of a USPS money order?
There are a variety of other features associated with the USPS money order. They can typically be purchased with cash, debit or credit cards, or even travelers checks. They also contain a number of anti-counterfeiting measures, including watermarks and specialized metal fibers. The potential for USPS money order fraud still exists, however.
Can you buy a money order at the post office?
Your money order receipt will help you track your payment and show proof of value in case the money order gets lost, stolen, or damaged. You can buy or cash postal money orders at any Post Office ™ location. Decide on the money order amount. You can send up to $1,000 in a single order anywhere in the United States.
What does a postal order look like?
They look like cheques. You can even have the payee’s name printed on the order, and they can be crossed so that the payee can only pay into their bank account. Is a Postal Order right for you?
How do I track a money order from USPS?
Tracking Money Orders From the USPS If you used a USPS money order, you need to visit a post office and fill out PS Form 6401, the Money Order Inquiry. 5 To complete that form, you need the receipt from your original purchase showing the money order number, amount, and information about the post office you purchased from.
How can you tell if a postal money order is real?
How to Check if Money Order is Fake
- The dollar amount is discolored. It may have been erased, indicating fraud.
- The dollar amount is not imprinted twice.
- The value of a domestic money order is larger than $1,000.
- The value for an international money order is larger than $700 (or $500 for El Salvador or Guyana).
Is a postal money order the same as a money order?
A postal order is purchased directly from a national postal system, such as the US Postal Service or the Post Office in the United Kingdom. By contrast, a money order is produced by an independent financial service provider and may be purchased at any number of retail outlets, including supermarkets or drugstores.
How do I get a money order from the post office?
Procedure of sending the Money Order
Buy a money order form at the counter of the post office. A remitter is the person who send money order. The money order form duly filed in, together with the amount of the money order and commission either in cash or by Cheque be presented at the post office counter.
How do I check the status of a money order?
How can I find out if it has been cashed? You can find out if your money order has been cashed online by clicking Money Order Status or by calling our automated line at 1-800-542-3590.
Can you get scammed by money order?
Pretending to be a sympathetic character, the scam artist tells the victim that they will send a money order, and the victim should cash the money order and send some funds back in cash (usually through a wire transfer). In return for the favor, the victim gets to keep some of the money.
How do you find out if a money order has been cashed?
Customers wanting to find out if a money order has been cashed may go online to USPS.com to check the status. They will need to enter the money order serial number, Post Office number, and issued amount—all printed on the money order receipt—in order to obtain near real-time status information.
Can I cash USPS money order at Walmart?
But if the sender purchased it at a Walmart, you may want to go to a Walmart to cash it. The same goes for post offices, banks, credit unions, MoneyGram desks, etc. The money order will typically have a logo or stamp in the corner. Cashing a money order often comes with a fee of its own, too.
How is a money order delivered?
Money orders can be delivered by mail or in person.
How does a money order work?
A money order is a paper document, similar to a check, used as payment. You buy a money order by giving cash or other guaranteed funds to a cashier, plus a fee for the service. They print out the order, you fill out some information, and send or give it to whomever you’re doing business with.
How do you get a money order?
You can request a money order in any of these locations:
- Any Bank or Credit Union. You may pay a fee, typically around $5, but you should be able to walk into a local bank or credit union branch and request a money order.
- Western Union or MoneyGram Locations.
- US Postal Service.
- CVS Pharmacy.
Can you track a money order from the Post Office?
You can check the status of a money order you’ve purchased from the U.S. Postal Service at any time by visiting the Money Orders Application.
How long do money orders take to arrive?
Consider Waiting. It may be worth waiting at least two weeks after you send a payment before giving up and canceling a money order. Most letters arrive at their destination within a few days, but for some reason payments seem to move slower. During holidays and weekends, that process can take even longer.
How long does it take to process 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.
What are the different features of a USPS money order?
There are a variety of other features associated with the USPS money order. They can typically be purchased with cash, debit or credit cards, or even travelers checks. They also contain a number of anti-counterfeiting measures, including watermarks and specialized metal fibers. The potential for USPS money order fraud still exists, however.
How much does a money order cost at the post office?
Here’s what you can expect to pay for your money order at a post office: You can also buy a USPS money order at a military facility. Postal Military Money Orders cost $0.45 regardless of the amount being sent.² Can I send money overseas with a USPS money order?
How to fill out a USPS money order?
How to fill out a USPS money order? A USPS money order needs to be filled out the same way as any other money order — there’s not a lot of difference in the information you need based on where you buy your money order. You will need to: ² ³ Write the payee’s name in the “Pay to” field.
What is a money order?
In the U.S., money orders are a kind of payment order that is similar to a cashier ‘s check. Money orders can typically be obtained from a few different places, though they are most commonly issued by banks and the United States Postal Service (USPS).
Counterfeit Money Orders: The Ultimate Guide
Accepting a money order as payment for items offered online is a difficult decision.What is the best way to tell whether something is genuine?If you know what to look for, it is simple to distinguish between genuine and counterfeit money orders.For years, online fraudsters have used counterfeit and worthless checks to defraud unsuspecting victims.Falsifying money orders from the United States Postal Service has, on the other hand, seen an increase in popularity in recent years.The quality of what these scam artists are generating is excellent, and regular people are readily duped as a result of their deception.
- This fraud can also be seen on online auction sites such as eBay, discussion boards, and email solicitations, among other places.
- According to the Federal Bureau of Investigation and the United States Postal Inspection Service, forgers in other countries, such as Nigeria, Ghana, and Eastern Europe, have renewed their interest in forging postal money orders in the United States during the six-month period from October 2004 to March 2005.
- A total of more than 3,700 forged United States Postal money orders were seized in just three months, from October 2004 to December 2004.
- It was more than double the total number of counterfeit money orders seized by the U.S.
Postal Inspection Service in the preceding 12 months.
Counterfeit Money Order Arrests are on the Rise Worldwide
At least 160 arrests were made in the United States during the same six-month period, from October 2004 to March 2005.The individuals detained were accused of receiving and/or attempting to cash fraudulent U.S.Postal money orders with the intent of committing fraud.Unfortunately, if you’ve been a victim of any of these folks, your money and/or merchandise will be long gone by the time you realize it.The majority of the time, counterfeiters are not the ones attempting to utilize money orders from the United States Postal Service.Instead, they’ve concentrated their efforts on contacting potential victims via email or a chat room on the internet.
- They attempt to deceive victims into accepting the fictitious United States Postal Service money orders in return for products they are selling on websites such as eBay or Craigslist.
- They’ve even been known to get consumers to pay money orders in exchange for a fee that they’ve promised them in advance.
- False financial instruments have been utilized in a variety of variations of the same fundamental Internet fraud over and over again.
- United States Postal Service officials said they have been unable to determine the financial worth of counterfeit postal money orders that have been intercepted.
Some analysts believe the entire sum might be in the millions of dollars, according to their estimates.This surge in activity is worthy of mention because of the security measures put in place to make it difficult to forge money orders from the United States Postal Service.It differs from private company checks or even other money orders generated by banks in that it features watermarks, security threads, and a rainbow of inked patterns and tones.It is also more expensive than either of these alternatives.
Small Internet Retailers and the Public are Favorite Targets for Money Order Counterfeiters
Customers who lack common sense have purchased goods and services from small Internet retailers, classified advertisers, and others who have been duped into participating in an internet con scheme ranging from sellers of antiques to sellers of exotic and classic automobiles using counterfeit United States Postal money orders.They’ve infiltrated every nook and cranny of business.Inspectors with the United States Postal Service said they’ve been collaborating with international delivery businesses such as Federal Express and UPS to intercept parcels containing forged money orders as they enter the country.They also interact with financial institutions, requesting that they ″keep an eye out″ for suspicious activity and be on the alert.Tips for recognizing counterfeit postal money orders can be found on the internet, for example, at
How to tell the difference between genuine USPS postal money orders and fake ones
- Customers who lack common sense have purchased goods and services from small Internet retailers, classified advertisers, and others who have been duped into participating in an online scam ranging from sellers of antiques to sellers of exotic and classic automobiles using counterfeit United States Postal money orders. Each and every aspect of trade has been infiltrated by them. In order to intercept parcels containing bogus money orders as they reach the United States, the United States Postal Service says it has collaborated with international delivery providers, such as Federal Express and UPS. Also communicating with banks, they advise them to ″keep an eye out″ for suspicious activity and to remain watchful. There are some helpful methods for recognizing fake postal money orders available on the internet, including this one.
Money orders are issued by the United States Postal Service for use both domestically and internationally.Domestic Postal Money Orders cannot be worth more than $1,000 in value.They may be characterized by the colors green, yellow, and blue that they wear.The vast majority of counterfeit Postal Money Orders are domestic in nature, with a face amount ranging from $750 to $950.International Postal Money Orders are printed in three colors: pink, yellow, and gold, and their value cannot exceed $700.The number of counterfeit international money orders manufactured with amounts ranging from $500 to $700 has increased in recent years.
How Counterfeit Money Order Scams Work
An example of a classic counterfeit money order scam is when a person selling an item gets sent a number of counterfeit postal money orders that total a sum more than the amount of the item being purchased with the money orders.Once the transaction is complete, the buyer requests that the seller hold onto the cost of the purchase and mail the difference between what was sent and what was owing back to him in cash along with the product.This form of fraud is sometimes referred to as a Nigerian Scam since many of these types of scams have their origins in Nigeria or other countries in Africa.These frauds have gotten increasingly complex in recent years, and there are several varieties to choose from.In order to avoid accepting a forged money order, never take one from a stranger unless you have some method of checking the legitimacy of the money order.Being knowledgeable and on the lookout for warning indicators, such as offers to pay more than anything is worth, might also help you to defend yourself in this situation.
- Paying attention to ″red flags″ rather than disregarding them might save you a lot of heartache and money in the long run.
- Sellers should exercise caution!
Counterfeit Postal Money Order Scam Links
- Scams using Nigerian counterfeit checkers
- Nigerian rental scams
- the United States Postal Inspection Service
What Is a USPS Money Order? Tracking & More (with pictures)
The term ″money order″ refers to a type of payment order that is equivalent to a cashier’s check in the United States.In most cases, money orders can be received from a few different sources, however they are most frequently issued by banks and the United States Postal Service (USPS).Because money orders require monies to be deposited in an amount equal to the order’s value, many people believe that they are more safe than personal checks.As a result, a USPS money order is frequently utilized in instances when money is being transferred between persons who do not know one another, or if a quick verification of cash is necessary in any other circumstance.In addition to serving as a safe payment mechanism, money orders may also be used to deliver money through the United States mail system.Money orders from the United States Postal Service can be obtained at any USPS office or from a rural route carrier.
- They may be purchased in any denomination up to a predetermined limit, and multiples may be purchased at the same time if it is necessary to exceed the limit.
- They are not redeemable for cash.
- If more than three orders totaling the maximum monetary amount are placed in a 24-hour period, proper government-issued identification must be given in addition to the first three orders.
- Because USPS money orders have no expiration date, they can be used as a substitute for legal tender or to negotiate at a financial institution at any time after they have been issued.
When it comes to mailing a money order, the procedure is very similar to when it comes to having one created for another purpose.When you generate and send a money order, you will be charged a modest fee, which is calculated based on the amount of money being transferred.With a domestic money order, you can send a USPS money order to anybody in the United States, and with an international money order, you may send a money order to anyone in the globe.Even though international money orders may only be used for a lower dollar amount, they are generally identical to domestic money orders in terms of functionality.
There are a number of other advantages to using a money order from the United States Postal Service.They may usually be purchased using cash, debit or credit cards, or even travelers’ checks in some instances.As well as watermarks and specific metal strands, they feature a variety of other anti-counterfeiting mechanisms.However, there is still the possibility of money order fraud using the United States Postal Service.
- People should exercise caution when accepting a money order from an unusual source, and the United States Postal Service (USPS) advises them to notify them immediately if they suspect a money order they have received is counterfeit or otherwise fraudulent.
How to Fill Out a USPS Money Order
- In the case of a USPS money order, the clerk prints out a document that has your payment amount printed prominently on the front. With a debit card, cash, or traveler’s check, you can purchase a single money order from the United States Postal Service for up to $1,000 at any location in the United States. A money order from the United States Postal Service cannot be purchased using a credit card or a personal cheque. Once you have the printed paper in your possession, you will be able to proceed to fill out the remaining fields. First, double-check that the amount displayed corresponds to the amount you paid. Following your confirmation that the amount is right, do the following steps to send a money order through the United States Postal Service. On the paper, you will find a field titled ″Pay to the Order Of,″ which specifies the person or firm to whom you are making the payment. Fill in this area with the appropriate information. You need to fill this space with clear, legible type as soon as possible in order to prevent fraud or theft. Ensure that the spelling of the person or firm is exact by using only blue or black ink
- Look for the field labeled ″From″ in the following step. You must type in your entire legal name in this field. If the account you’re making a payment toward is under a different name, make the payment under that name instead. Again, only blue or black ink should be used, and the writing should be very obvious.
- Completely sign the front of the money order with your entire signature. Don’t sign the line at the bottom of the document on the back. That field should be left blank for the individual to whom you are mailing the USPS money order.
- Fill in the two address areas on the money order with your information. The address area to the right of the ″Pay to″ line is where you will enter the address of the person who will be receiving the money order. The address field, which is located beneath the ″From″ line, is where you should provide your current mailing address. If your mailing address is different from your residential address, use that address.
- If it is a gift, include a note in the ″Memo″ line to tell the receiver of what you are making the payment for, such as the account number or a special event such as ″Birthday.″
- Once the USPS money order is completed, it’s a good idea to photograph it or print a paper copy of it for your records. Take note of the receipt area of the paper and save it for future reference. If the money order goes missing, you will have the best protection possible if you have this record. There is a tracking number on the receipt, which allows you to follow it, verify when the receiver cashes or deposits it, and demand a refund in the event it is lost.
How to Track a USPS Money Order
Following the delivery of a money order via the United States Postal Service to the intended recipient, you may wish to confirm that it arrived securely.Using the Check Money Order Status online feature on the United States Postal Service’s website, you can obtain a status update on a money order you purchased through the Postal Service’s website.You’ll need the serial number, post office number, and amount of the money order; all of this information may be found on your receipt or a copy of the document, which you can find on the back of the receipt.If you want a copy of a money order that has been cashed, the procedure is more involved.Money Order Inquiry Form 6401, which must be completed and paid for, is the method by which you submit your request.For tracking, you will need your receipt, the money order number, the amount, and the name and address of the post office where you made the transaction in order to submit your request.
- It is also beneficial to have a picture or copy of what you did.
- You must pay a charge to the United States Postal Service in order to monitor your money order, which is now $6.15.
- It may take up to 60 days for tracking to be completed.
- If the procedure concludes that the money order was cashed or put into a bank account, you will receive a copy of both the front and back of the money order, which will tell you precisely where the money was deposited and how much was received.
You can obtain a copy of a USPS money order for up to two years after the recipient has cashed or deposited it in your account.It is recommended that you wait about two weeks before going through the procedure of tracing a USPS money order due to the time and money involved.Many recipients do not check their mail every day, especially on holidays and weekends, and there are many instances of delays.However, if you have reason to believe there has been fraud or malicious intent, you should initiate the procedure immediately.
If your money order is lost or stolen, you can file a report with the appropriate authorities to obtain a replacement.In order to initiate an inquiry, the USPS must first receive a Money Order Inquiry form.The investigation can take up to 60 days.When a money order is verified to have been lost or stolen, the United States Postal Service charges a $6.95 processing fee to replace it.
When sending money over the mail, money orders are a safer alternative to cash and personal checks than cash and personal checks.Money orders from the United States Postal Service® are inexpensive, widely recognized, and never expire.Your money order receipt will assist you in tracking down your payment and will serve as evidence of its value in the event that the money order is lost, stolen, or destroyed.Postal money orders are available for purchase and cashing at any Post OfficeTM store.Money Orders Can Be Sent Around the World
- Make a decision on the amount of the money order. It is possible to send up to $1,000 in a single order to any location in the United States.
- Visit any of the Post Office locations.
- Bring cash, a debit card, or a traveler’s check in case of emergency. You will not be able to pay with a credit card.
- Fill out the money order with the help of a store salesperson at the counter.
- Pay the amount equal to the face value of the money order plus the cost for issuing it.
- Keep your receipt in case you need to hunt down the money order.
Standardized Money Order Practices and Procedures (DMM 509.3) Fees are calculated based on the monetary amount of the money order.
|$0.01 to $500.00||$1.45|
|$500.01 to $1,000.00||$1.95|
|Postal Military Money Orders (issued by military facilities)||$0.50|
- Before accepting a money order, double-check that it is legitimate. When attempting to identify a forged money order, there are numerous crucial characteristics to look for. Genuine United States Postal Service money orders are distinguished by distinctive markings and patterns that help to avoid fraud. If you hold the money order up to the light, you should be able to see the following: Ben Franklin’s watermarks on the left side of the page repeat from top to bottom (circle 1 on picture)
- An in-and-out weaving of a vertical, multicolored thread with the letters ″USPS″ weaves in and out of the paper on the right side of the Franklin watermark (circle 2 on picture)
- Examine the money order to ensure that it is genuine before you accept it. A counterfeit money order can be identified by a number of characteristics. For the purpose of preventing fraud, genuine United States Postal Service money orders are marked with certain markings and patterns. Keep the money order up to the light and you should be able to view the following information: Top to bottom, the watermarks of Benjamin Franklin on his left side (circle 1 on picture) repeat.
- An interwoven vertical multicolored thread with the letters ″USPS″ flows in and out of the paper to the right of the Franklin watermark to (circle 2 on the picture)
- If you suspect fraud, call the U.S. Postal Inspection Service at 1-877-876-2455
- if you believe you’ve been given a fake money order, call the Money Order Verification System at 1-866-459-7822
- and if you believe you’ve been given a fake money order, call the Money Order Verification System at 1-866-459-7822.
Domestic money orders are non-expiring and do not accumulate interest while in transit.Money orders are cashed for the precise amount that is specified on the receipt.A money order from the United States Postal Service can be cashed at any Post Office for free.You may also cash them in at the majority of banks and select retail establishments.If they have enough cash on hand, rural couriers may be able to cash money orders.
- Do not sign the money order
- instead, write your name on it.
- Take the money order and a primary picture identification to any Post Office location.
- The money order must be signed at the counter in the presence of a store worker.
- See the extra requirements for money orders made out to organizations, to more than one person, and to children for more information. Money Orders are accepted for cashing (DMM 509.3.3) At any time, you may check the status of a money order you’ve purchased from the U.S. Postal Service by logging into the Money Orders Application on the USPS website. Before you begin, double-check that you have the essential details for the postal money order you wish to examine: Serial number, Post Office number, and dollar amount are all required.
- Payment on postal money orders cannot be stopped, however a money order that has been lost or stolen can be replaced. It may take up to 30 days to determine whether a money order has been lost or stolen.
- It might take up to 60 days to determine whether a money order has been misplaced or stolen.
- There is a $6.95 processing fee for replacing a money order that has been lost or stolen.
- Take your money order receipt to any U.S. Postal Service outlet
- To begin a Money Order Inquiry, speak with a shop employee at the counter.
- You will be able to monitor the status of your money order and the progress of your inquiry by logging into the Money Orders Application once you have started the investigation.
- When it is determined that your money order has been lost or stolen, we will give you a new money order.
Money orders that are faulty or damaged will be replaced by us.Make a trip to your local Post Office with the damaged money order and your receipt in order to acquire a replacement money order.The Postal ServiceTM will no longer sell or cash international postal money orders headed for Japan as of March 2020, nor will the Postal ServiceTM cash international postal money orders issued by the Japan Post.If you have not yet cashed a money order issued by Japan Post, please return the money order to the sender.On July 10, 2020, Japan Post announced that it will no longer accept international postal money orders issued by the Postal Service for payment.(On December 31, 2019, Japan Post discontinued the sale of international postal money orders meant for the United States.)
Send up to £250 safely and securely without needing a bank account
- Send money with as little as 50p in your pocket.
- Pay your invoices or place an order through the mail
- There is no need to provide your financial information.
How it works
- Postal Orders function in a similar fashion to checks, except they do not need the use of a bank account.
- They’re ideal for auction sites such as eBay since they allow you to pay without disclosing your financial information.
- Once you’ve purchased your item, all you have to do is purchase a Postal Order for the same amount and send it in the mail
- They have the appearance of cheques. Having the payee’s name put on the order, and having the order crossed, so that the payee may only make payments into their bank account, is also an option.
|Purchase value per order||Fee payable|
|£0.50 – £4.99||50p|
|£5 – £9.99||£1.00|
|£10.00 – £99.99||12.50% of the face value|
|£100 – to maximum value of £250||Capped at £12.50|
Is a Postal Order right for you?
- If you need to make a payment or give monetary gifts, this is the option for you.
- You’re apprehensive about disclosing your personal financial information
- You don’t have a bank account or a chequebook, and you don’t want one.
|Try something else if:||X You’re happy to pay by cheque or other means that require a bank account X You need to pay in a country that doesn’t accept Postal Orders (see below) Not the right service for you? Find other services|
How To Track a Money Order and See If It’s Been Cashed
Occasionally, while making a purchase with cash or a money order, you may wish to know whether or not your payment has been received and cashed by the person to whom it was addressed. It is feasible to trace money orders, but it may need a significant amount of time and money.
How Money Order Tracking Works
Money orders, in contrast to personal checks, are not immediately connected to your personal bank account; instead, they are frequently purchased with cash (though some places will accept a debit card).If you pay with cash, there will be no indication of the money order clearing in your bank transaction history if you pay with a money order.Money order payments, on the other hand, may be tracked by submitting a request to the money order provider.
Tracking Money Orders
- It is possible to track separate money orders in a variety of methods. The United States Postal Service (USPS) is a government-run postal service in the United States. If your wallet is lost or stolen, you can report it online and pay a small cost. Alternatively, you can visit a post office in your area.
- Fill out the online form, call MoneyGram’s Customer Care Center at 1-800-926-9400, or go to a MoneyGram store near you
- Using Western Union, you may pay up to $15 in administrative costs by calling 1-800-999-9660 or filling out an online form.
We’ll go into more detail about each of these possibilities in the sections below.
Making Your Request
After about 30 days, the issuer normally sends either a copy of the endorsed money order (which shows who cashed or deposited it and when) or a notice that the money order has not yet been cashed to the address on the money order.If the money order is still unpaid, you may be able to cancel it and receive a refund if the funds are available.The specific procedure differs from one issuer to another.
Gather Needed Information
After placing an order for a money order, you should be sent with a receipt with the order information.You’ll need to submit the money order number as well as the order amount in order to follow the transaction.You will most likely be able to check the status of the money order on the service’s website.Simply enter the serial number and the amount that was issued.You’ll also need the office number if you’re purchasing a money order from a U.S.Postal Service.
- If you want to keep track of the money order, take a photo or make a duplicate of it so that you have the information available if you need to.
Pay Service Fees
If you feel a money order has been misplaced or stolen, tracking down the money order can be a time-consuming and expensive endeavor.The United States Postal Service charges a $6.95 processing fee to replace a money order that has been lost or stolen.In addition, some issuers charge up to $15 or more to investigate possibly lost or stolen payments and give reimbursements (if needed).You may also be required to complete paperwork, often in person, and you may not receive a response (much less a refund) for up to 30 days or more.
Contact the Recipient
Try to communicate with the individual to whom you submitted the money order if at all feasible. Money orders are not always processed promptly by individuals and businesses, and it may take much longer for the cash to be deposited once they have been received. It may be more convenient to obtain information directly from your payee rather to fill out paperwork.
It may be worthwhile to hold off on canceling a money order for at least two weeks after you have sent a payment to avoid disappointment.Most letters reach their destinations within a few days, but payments, for some reason, appear to take longer to reach their destinations.During holidays and weekends, this procedure might take even longer to accomplish.Furthermore, the beneficiary may have been preoccupied or out of the country when the payment was made.Having said that, if something appears to be amiss, it is wise to seek clarification as soon as possible.
USPS Money Orders
If you utilized a United States Postal Service money order, you must go to a post office and fill out a Money Order Inquiry form.You may also track the progress of your money order over the internet.You will need the receipt from your initial transaction, which will include the money order number, amount, and information about the post office where you made the purchase, in order to complete either form.The United States Postal Service costs $6.95 for investigating a money order.In most cases, the procedure takes 30 to 60 days, and if the money order has been cashier’s checked or deposited, you will obtain a duplicate of the document’s front and back sides.You may use this information to figure out where the money ended up in the long run.
- If you are unable to wait that long, there may be some unofficial ″workarounds″ that may be able to assist you in determining whether or not the money order has been cashed or put in your account.
- For example, you can call the post office’s enquiry line or fill out the Money Order Status form to determine if the item ″does not fit″ the description.
- Despite this, the information you receive may not be accurate since the system was not intended to do the function you are attempting to perform.
- The only way to be certain is to fill out Form 6401 and wait for the results.
MoneyGram Money Orders
It is a little simpler to track down a MoneyGram money order.MoneyGram’s Customer Care Center may be reached at 1-800-926-9400, or you can submit a request using the company’s web form.Your money order number and the precise dollar amount will need to be entered; the system should then inform you whether or not the item has been cashed.It may be necessary to complete a form and visit a MoneyGram facility in order to obtain the transaction number if you do not already have it.Alternatively, if the money order has been cashed and you want a copy of the endorsed money order, or if you require the filing of a claim, you can do so by completing a Claim Card, paying $18 and waiting 15 to 30 days for a written answer.Depending on whether or not you have your money order number, you may be required to pay an extra cost and complete a separate form in order to obtain the information you want.
- To ensure that the procedure runs as smoothly as possible, you may also be able to request certain services in person.
Western Union Money Orders
The technique used by Western Union is quite similar to that of MoneyGram.Before filling out papers and paying fees, contact 1-800-999-9660 to ensure that the money order has been paid before proceeding.Fill out and mail the Money Order Research Request form if you want a copy of a paid money order but do not have a copy of the receipt for the payment.For the copy, you’ll have to pay a $30 administrative charge.If you want to cancel your money order, you must wait until the receiver has processed your money order before submitting your request for a copy of the money order.We expect to hear back from Western Union within six to eight weeks of submitting our request.
- If Western Union is unable to locate your money order, you will either receive a photocopy or a refund, depending on the status of your money order.
- If Western Union is unable to locate your money order, you will be informed.
- If you feel that your money order has been lost, stolen, not used, not received, or destroyed, you can use the Money Order Customer Request online form to report this to the bank.
Other Money Order Issuers
In grocery shops, convenience stores, and check cashing establishments, a large percentage of the money orders are Western Union or MoneyGram money orders.If your money order was issued by a company that isn’t listed here (such as your bank or credit union), there’s still a strong probability that you’ll be able to trace it down.It may even be simpler, especially if you bank with a small financial organization.In certain cases, a quick phone call may be all that is required instead of filling out forms.
Tracking and Cashing Money Orders You’ve Received
Your bank will manage the practicalities of processing a payment sent via money order if you have received one from someone else.You can deposit the payment into your bank account in the same way you would deposit a check, or you can cash the money order in the same way.If you have reason to believe that a money order you have received is fraudulent, you should contact the money order issuer and express your concerns.It may be feasible to verify the money on the payment or, at the very least, determine whether or not the payment is a recognized fake.Keep the money aside until you are satisfied that the payments have been received and cleared.It is possible that the clearing procedure will take several weeks, even though your bank’s funds availability policy permits you to utilize the money right away.
- If you spend the funds and it turns out that the money order was a forgery, the bank will ask you to reimburse them the amount you spent.
- When accepting payment via money order, it is preferable if you are aware of who you are working with.
- Money orders, on the other hand, make it easy to make anonymous payments, for better or worse.
- If you require assistance in investigating illegal conduct, you may need to enlist the assistance of law enforcement personnel (and they might not be able to help).
Frequently Asked Questions (FAQs)
How do you cash a money order?
Many of the places that cash checks also cash money orders, such as banks, credit unions, and grocery stores, as well as other financial institutions. You’ll be required to endorse the money order and provide identification, and you may also be required to pay a charge.
How much is a money order?
Fees for money orders vary depending on the firm you choose and the quantity of the order, but they’re normally less than $2 for $1,000 that is sent. During the first week of January 2022, the United States Postal Service charged $1.45 for money orders up to $500 and $1.95 for orders between $500 and $1,000.
How long is a money order good for?
In most cases, money orders do not have an expiration date, thus they are technically valid indefinitely. However, if a money order is not paid within a certain time limit, penalties may be levied on the recipient.
What Is a Money Order?
A money order is a certificate, often issued by a government or financial institution, that entitles the named payee to cash payments on demand.A money order acts in the same way as a check in that the person who purchased the money order has the ability to halt payment at any time.In addition to being widely recognized and easily converted to cash, money orders are frequently utilized by those who do not have access to a traditional bank account.For modest debts, both personal and business, these instruments are an appropriate method of payment.They may be obtained for a minimal service charge from most financial institutions.Money orders were originally issued by American Express in 1882, and eventually became known as traveler’s checks because of their convenience.
- It is possible that you will be charged a minor fee when purchasing a money order.
- Money orders may be purchased at a number of venues, including banks and credit unions, as well as large box retailers, post offices, and even certain petrol stations.
- In comparison to cash or cheques, money orders are a safer choice.
- International money orders may be a cost-effective and expedient way to move money across borders and throughout the world.
How Money Orders Work
When purchasing a money order, the purchaser will be required to fill out a form with the name of the receiver as well as the amount that the recipient should receive.The majority of money orders have a $1,000 maximum value.A customer would therefore be required to acquire additional orders if he need more than the amount specified in the contract.Make sure to thoroughly fill out the money order; this is a one-time transaction, and you’ll want to make sure to keep solid records of it.If a financial institution or authorized body issues a money order to the payer, the financial institution or authorized body will be provided with the payee’s name, the issuer’s name, and the amount of money that can be cashed.These monetary amounts do not include any fees that may have been paid to the payee.
- When acquiring money orders, make sure to account for all of the expenses.
- Money orders issued by a bank or credit union are often more expensive than those issued by a convenience shop.
- If you get a money order, it is not the same as receiving a check, and it is more difficult to trace one; maintain your receipt until you are certain that the order has been received and paid.
- When a purchaser makes a payment for a money order, the money order is accompanied with a receipt that contains the serial number of the money order.
This information should always be kept on hand until the purchaser is confident that the money order has been received and processed.It might be difficult, if not impossible, to track down a money order if there is no receipt.
Advantages vs. Disadvantages
- In certain instances, paying with a money order is preferable to paying with a personal check because it is more secure. Personal checks have the account holder’s routing number and bank account number written on the bottom, which may be stolen and used to make and sign counterfeit checks. A money order, on the other hand, does not include any personally identifiable information about the purchaser. Pros The personal information contained in money orders, such as your bank’s routing number and your bank account number, is not included.
- A cashier’s check or money order can be cashed at a local bank or credit union
- there is no obligation that the receiver go to the issuer to have it cashed.
- Money orders can also be deposited into a bank account without incurring any additional fees.
- If a money order is issued in one country and cashed in another, the order is considered international.
- Cons Money orders can be more difficult to track than personal checks—determining if a money order has been cashed, for example, can need the completion of forms and the submission of weeks-long time sheets.
- There may be a cost associated with cashing the money order.
- You may have a delay in receiving funds if you cash them at a bank different than the one where they were issued
- Money orders can be false
- be cautious when receiving them from persons you do not know, and refrain from spending money orders that you deposit in the bank until you are certain that the bank was able to cash them.
Money orders, on the other hand, might be more difficult to trace than a personal check on the downside.Check writers merely need to visit their bank or go into their online account to find out whether or not a personal check has been cashed and whether or not it has cleared.In order to monitor a money order, the issuer must fill out tracking paperwork and pay an extra cost in order to determine whether or not the money order has been cashed by the recipient.The full process of determining the status of a money order might take several weeks in some cases.A money order enquiry service provided by the United States Postal Service (USPS) allows purchasers to enter their money order number and receive an update on the status of their order.Other financial instruments that can be used to transmit guaranteed amounts to an individual or business, in addition to checks and money orders, are traveler’s checks, wire transfers, bank drafts, and cashier’s checks.
The beneficiary of the money order does not have to be the same issuer that sold the money order in order for the money order to be valid.Although the receiver can have it cashed at a local bank or credit union, it is possible that the monies will not be received in full at once, depending on the policy of the institution.If the payee does not have an account with the issuer, cashing the money order at the issuer’s office is a good alternative.A payee, on the other hand, is not required to cash the money order straight away.They can deposit it into a bank account in the same way that you would deposit a cheque into a bank account.Money orders can be deposited with a bank if the payee is worried about the costs that will be required to cash the certificates at different places.
- Because the costs are certain to lower the amount of money that will be received, depositing it in a bank without incurring any additional fees will ensure that the account holder receives the whole amount of money that has been sent to them.
- A money order may be used to send money outside of the nation, which is something that happens rather frequently.
- A money order issued by an issuer with several branches in various countries can be cashed in another nation if the issuer has multiple branches in separate countries.
- Consequently, international money orders are a cost-effective and time-efficient method of sending money across borders.
How to Check if Money Order is Fake
There are a number of techniques to determine if a money order is genuine or not.
Check the Dollar Amounts
- The monetary amount has a tarnished appearance. It is possible that it has been deleted, suggesting fraud
- The dollar figure is not printed more than once
- A domestic money order has a monetary value in excess of $1,000.00. The maximum value of a money order for domestic purposes is $1,000.
- In the case of an international money order, the sum exceeds $700 (or $500 in the case of El Salvador or Guyana).
Where to look
There are a few crucial locations to look to see whether a money order is a fake that you should look for.First and foremost, when you hold the money order up to the light, Ben Franklin should be visible on the other side.This is due to the fact that a watermark has been placed on that area of the money order.Fake money orders will not allow you to view Ben Franklin on the other side of the transaction.The silver line is another another physical indicator on the money order that tells you if it is legitimate or not..Holding the silver lines up to the light will allow you to see if they are broken.
- When the money order is held up to the light, they should seem to be one continuous line since they are sewed into it.
Money order check numbers
In addition to recognizing physical red signs on a money order, be on the lookout for frauds, such as when a scammer sends two or more money orders at the same time for no apparent reason, for example.Check the numbers on the top left side of the money order to ensure they are correct.It is preferable if the money orders contain numbers that are comparable.Consider the situation when you write two checks in a succession – if one check is 1150 and the next is 1151 – what happens?To put it another way, if you got a money order with 599 as the final three digits and the following one finished with 385, it is evident that the numbers are not sequential.That indicates that the money orders were most likely produced in a fake manner by the individual.
Keep an eye out for the cashier’s check fraud that we highlighted before.Someone pretending to be a relative may send you an email, which is a variation on the scam described above.Someone will approach you and inform you that a common family member has passed away.The individual will follow up by informing you that a deceased relative has given you a substantial quantity of money through their will..When you receive a money order from someone claiming to be your family, you are asked to deposit the money in their bank account.They will also request that you give them a percentage of the money you get.
- You will lose money in this scam, just as you did in the previous involving Joe Money, and by the time the bank realizes the money order is a phony, you will have most likely transmitted the cash to the criminal who will then steal them from you.
Measures to take
Always exercise caution while accepting money orders (as well as cashier’s checks) from individuals who communicate with you through the internet.Check with your financial institution immediately.Instruct your bank’s teller to dial the official routing number for the bank from whom the money order was issued on your behalf.Never put your faith in any of the figures on a money order that you believe is a phony.A scam artist will set up a phony phone line that is carefully engineered to look and sound like a legitimate bank.Even if you believe finances are accessible, you might easily be misled into believing that they are not.
- Looking out an official phone number on the internet or through your bank to call and check the amounts on a money order is more secure.
- Gerald works as a writer for the website MyBankTracker.com.
- He specializes in real estate, mortgages, and consumer finance.
What Is the Difference between a Money Order and a Postal Order?
Malcolm Tatum is a professional basketball player.Date: February 28, 2022 (Saturday).The terms money order and postal order are frequently used interchangeably, however there are a few important distinctions between the two financial instruments.Those distinctions are centered on where the instruments are obtained, where they may be traded for cash, and who will accept each instrument as a form of payment.In certain countries, the amount of risk connected with them serves as an additional distinguishing factor between the two categories.One of the most significant distinctions between a money order and a postal order has to do with the location from which the instruments may be obtained.
- Purchasing a postal order directly from a national postal system, such as the United States Postal Service or the Post Office in the United Kingdom, is a common practice.
- On the other hand, an independent financial service provider produces a money order, which may be acquired at any number of retail locations, including supermarkets and pharmacy shops, to be used as payment.
- Another significant distinction is the respective reputations of the two instruments.
- Creditors are generally more inclined to accept a postal money order than they are to accept a money order issued by an independent financial services company, though there are some exceptions.
Forgers believe that postal orders are more difficult to fake than money orders issued by other businesses, which may be one of the reasons behind this belief.A further consideration is the fact that certain service providers have a reputation for being reluctant to fulfill payments, which may prompt some creditors to delay crediting client accounts until the cash have been received in their account.The face value of postal orders, on the other hand, may be posted instantly since the risks of forgery or any other issue are rather minimal.Another distinction between a money order and a postal order is the method through which the financial instrument is cashed.
Many banks, as well as the majority of post offices, will instantly honor a postal order by issuing cash to the person who presents it.A money order, on the other hand, may or may not be qualified for rapid cashing.The order would be deposited into a bank account, and the presenter would have to wait for the bank to clear it before presenting it.Another reason why many creditors may take postal orders but will reject payment in the form of a money order is because of this.
- In terms of transferring cash or tendering payments, both orders are feasible options.
- As a general rule, postal orders are considered to be the more dependable of the two possibilities; thus, they are probably the preferable choice when there is any uncertainty about where the order will be paid.
- It is common for companies to provide detailed rules for using a money order or a postal order, including information on how long each instrument will take to post to a credit account.
- This makes it easy to evaluate which instrument is the most appropriate to use in a given circumstance.
Where Can I Cash a Postal Money Order?
A money order from the Post Office can be cashed at a variety of different places.The most convenient location to begin is at your local United States Post Office branch.A postal money order can be cashed there without incurring any fees.It’s important to remember that if your nearest branch is a retail store, it will need to have enough cash on hand to redeem your money order.The majority of cash will come in through retail purchases during the day, so if you try to cash your postal money order first thing in the morning, you may be out of luck.
Banks and Credit Unions
The next best option is to go to a bank or credit union for assistance. The institution may impose a little cost for cashing the instrument, which varies from one institution to the next. If you’re submitting a postal money order at your own bank, keep in mind that it may be subject to the funds availability policy of the financial institution where you’re doing business.
Grocery Stores and Big-Box Retailers
Check and money order cashing services are still available at a number of grocery shops and big retail businesses, such as Walmart.Most of these, however, are subject to fees, and there may be a maximum monetary amount that may be used.In other words, they will not cash any checks or money orders that exceed the amount specified.If in doubt, phone ahead and inquire with the business to see whether or not these services are provided.In these places, check cashing is often done on a fixed rate basis — for example, $4 for checks up to $1,000.
Check Cashing Centers
Check cashing centers may be the next best option if you don’t have a bank account and are unable to travel to the Post Office or a retail store for whatever reason.Prepare to pay fees for these services if you want to use them.Many of them charge a percentage of the total amount of your check or money order.These percentages might range anywhere from 2 percent and 10 percent depending on the situation.If you’re cashing a $500 money order, you might wind yourself paying as much as $50 in fees in order to receive your money.
Convenience Stores and Gas Stations
Check cashing shops and convenience stores are not as uncommon as you may believe, especially in rural areas.However, it is still a good idea to phone ahead and confirm that your selected store provides these services.You’ll very certainly have to pay a charge, just like you would at a merchant or a check cashing institution.Convenience stores and petrol stations, like check cashers, may charge a percentage of the amount of your money order as well.Once again, you’ll wind up spending more than you would if you went to the Post Office or a financial institution.
Can a Post Office Money Order Be Forged?
However, while postal money orders are more dependable than other forms of payment, they can still be counterfeited by exceptionally skilled criminals.These con artists often attempt to defraud persons who sell things on the internet by sending them fictitious money orders.Their strategies also include enticing the general public by offering large incentives in exchange for putting the money order and sending them the monies.The good news is that there are still techniques to determine the difference between a legal postal money order and a counterfeit one.Money orders issued by the United States Postal Service cannot exceed $1,000, while money orders issued by overseas postal services cannot exceed $700.Anything that is more than these quantities is almost certain to be a scam.
- When a legitimate money order is held up to a light source, it will also display a Benjamin Franklin watermark on both sides of the document.
- A dark-colored security thread going from top to bottom on the right side of the watermark with the letters ″USPS″ flowing both forward and backward will also be included on these stamps.
How Can I Avoid Money Order Scams?
- To prevent being taken advantage of, you must be able to identify when someone is attempting a money order fraud. We’ve previously discussed a few of frequent variations, including the ″deposit aid″ strategy and the use of fictitious money orders to pay for things. However, there are a few different variations that cunning criminals may experiment with: Buyer’s regret is defined as follows: The fraudster gives you a payment and then decides not to purchase your items, but he offers to let you keep a portion of the amount as ″goodwill″ compensation.
- Reversal of the rental agreement: The fraudulent payment is for an apartment or real estate, and it is similar to buyer’s remorse. However, as was the case yesterday, the miscreant demands that all of the money be returned.
- ″Paying too much″ for a purchase: Your debtor sends you a money order for an amount greater than what you owe. When you send them the difference back, they say, ″Oops!″ and ask you to send them the difference back.
Before depositing or cashing any money order, make sure that the monies are in the account.Authenticity may be determined by cross-referencing the money order with the issuer’s sources of supply.If the sender puts pressure on you to respond immediately, that is a clear indication that you are being scammed.Furthermore, if you sell on eBay or other comparable platforms, you should never take payment in the form of checks or money orders.Whenever possible, insist on payment via traceable means.After several years working in the teleconferencing sector, Michael made the decision to pursue his lifelong interest in trivia, research, and writing by pursuing a full-time career as a freelancing writer.
- As a result of his contributions to print and online media, including SmartCapitalMind, as well as poetry collections, devotional anthologies and various newspapers, he has earned a reputation as a thought leader in the financial services industry.
- Malcolm has a variety of other hobbies, including vinyl record collecting, minor league baseball, and cycling.
- Malcolm Tatum is a professional basketball player.
- After several years working in the teleconferencing sector, Michael made the decision to pursue his lifelong interest in trivia, research, and writing by pursuing a full-time career as a freelancing writer.
As a result of his contributions to print and online media, including SmartCapitalMind, as well as poetry collections, devotional anthologies and various newspapers, he has earned a reputation as a thought leader in the financial services industry.Malcolm has a variety of other hobbies, including vinyl record collecting, minor league baseball, and cycling.