Who Is The Purchaser On A Money Order
Olivia Luz
A money order is a certificate usually issued by a government or banking institution that allows the stated payee to receive cash on demand.
Sign the front of the money order. Write the full name of the person or business you are paying with the money order. This field might be labeled pay to the order of pay to or payee avoid leaving this field blank or making the money order payable to cash or else anyone can cash it and you risk losing the funds if the money order gets lost or stolen some issuers also require the purchaser s name in a field. What is a money order.
Western union money orders require your address and full name but others may only have a field for your name. Whether it says from sender remitter or purchaser this is where you fill in your information. Technically the person who buys a money order should sign as the remitter. The remitter on a money order is the person who purchases the order.
Use your full legal name and your current mailing address in this section. The pay to section may also ask you to write in the recipient s address. However many banks do not require you to sign a money order at the time that your purchase it and you could allow someone else to sign as the remitter. The purchaser or drawer is also the payor.
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In the case of moneygram the signature line also says signer or drawer. A money order functions much. The limit on money orders is 1 000 but you can order more than one at a time. On the front of some money orders there will be a field labeled purchaser signer for drawer purchaser s signature or signature sign on this line using your full signature.
In doing so that person is the remitter of the money order. What they cost almost all money order purchases involve a fee so it s smart to shop around.
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