How Do Western Union Money Orders Work?

LOS ANGELES, December 29, 2021 (Newswire.com) - iQuanti: Whether you want to make a rent payment or send money to a friend or family member, getting a money order is a great option. Money orders allow you to send money quickly and securely, since they are pre-paid and don't have your checking account and bank routing numbers printed on them. 

Western Union is one of the more popular destinations for purchasing a money order. They are easy to find, with more than 550,000 agent locations in over 200 countries, and you can get one for as little as $1.25. Here's how Western Union money orders work and when they may come in handy.

How and Where to Get a Western Union Money Order

You can get a Western Union money order at any participating Western Union agent location, including Advance America locations. Other agents include supermarkets or variety stores, some of which you may already frequent. You can also send cash in person at these locations. 

You can purchase a money order for any amount up to $1,000, and you don't need a bank account or credit card. Bring the amount of cash that you need plus a few extra dollars to cover the cost of the money order, which will either be $1.25 or $1.50 depending on the amount of funds you're sending.

How to Fill Out a Western Union Money Order

There are four steps you can take to fill out and secure a Western Union money order:

1. Fill out the "Pay to the Order Of" section: This is where you write the name of the person or company you are sending the money order to. 
2. Fill in the "Purchaser's Address" field: This should start with the word "From," but in some cases you may see the words sender, remitter, or purchaser. 
3. Sign the front of the money order: There are two signature fields, one on the back and one on the front. Make sure you sign the front. 
4. Keep the Receipt: You'll need the receipt if the money order gets lost in the mail or there's a dispute. You can also use it to cancel the payment. 

Make sure to fill out your Western Union money order exactly the way we've just outlined, and you should avoid any problems. Ask a Western Union agent if you have more questions.

When to Use a Western Union Money Order

Western Union is widely recognized around the world. Their money orders are a secure way to pay for a variety of services and products because they have safeguards built in and can be negotiated at most banks and credit unions, regardless of the country they're located in.

Domestically, Western Union money orders can be used to send money to family and friends. A good example of this would be a birthday or holiday when you're mailing a card. Sending a money order in the mail can be a safe alternative to sending cash. 

When you need a receipt for a payment, Western Union money orders are a good option. This applies to debt repayments, rent payments, or any other type of payment where you need to keep an accurate record. Spending an extra dollar or two for a money order may be well worthwhile.  

Notice: Information provided in this article is for information purposes only. Consult your financial advisor about your financial circumstances.

Source: iQuanti, Inc.