To make sure your identification is accepted, use a government-issued photo ID. When you submit your money order, you must also present an acceptable form of identification to prove you’re the intended recipient. If you endorse it ahead of time and then lose it, whoever picks it up could try to cash or deposit it themselves. Don’t do this until you’re at the location and have determined that it will accept your money order. Walk up to the desk and sign your name on the back of the money order. Some options include convenience stores, grocery stores, and post offices. If you don’t have a bank account, or if your bank is closed when you go to cash the money order, there are many other places to do it. If you have an account at a bank or credit union, you can redeem your money order there for no charge. You can walk into your chosen location with your money order and walk out with cash in a matter of minutes. Turning a money order into cash is a simple process. You have more choices about where to do it, so you can choose the place and time that’s most convenient for you. This means it’s actually safer for you than a personal check because there’s no risk it will bounce.Īs for cashing it, that’s even easier than cashing a personal check. Instead of drawing it on their own account, the payer purchases it with cash. A money order is just like a check, but it’s prepaid. The answers are yes, it is, and no, it won’t. Is this a safe form of payment? And is it going to be a big hassle to turn it into cash? You find a buyer who agrees to the price and wants to pay with a money order. Suppose you’ve decided to sell your old couch on Craigslist.
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