How Do I Cash A Money Order Made Out To The Wrong Person?

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..

How long do money orders take 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.

Are money orders guaranteed?

Unlike a personal check, when you give someone a money order, they know the funds are guaranteed. … Money orders can also be advantageous for people without a bank account. If you have bills or need to make an official payment, money orders offer a secure way to send money without needing to have a bank account.

Can you cash a money order with online banking?

Transform your cash into an easy-to-deposit check by buying a money order at a local retailer or a post office, then make it payable to yourself. If your online bank has an electronic scan feature, you can snap a photo and upload the money order to your account for deposit.

Can I cash a money order that I 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.

Can you be scammed with a money order?

Money orders can be a convenient way to receive or send money—but they’re also susceptible to fraud. Money order scams usually target online sellers of merchandise or services, but buyers can fall victim as well.

Do you need the receipt to cash a money order?

The bank won’t cash the money order without acceptable proof that you are the person who is supposed to receive the funds. Your name on the money order must match the name on your identification exactly.

How can I cash a money order without a bank account?

A money order is similar to a check, except that it’s prepaid. Like checks, you can deposit money orders into a bank account. But if you don’t have a bank account or don’t want to use your bank account to cash a money order, you can still cash it at a post office or a check-cashing store.

What if you make a money order out to the wrong person?

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 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.

What is needed to cash a money order?

How to Cash a Money OrderBring the payment to a location that cashes checks or money orders. Money orders are treated very much like checks. … Endorse the money order like you would a check. Sign your name on the back. … Show valid identification. … Pay any fees for the service. … Get your cash.