A money order is a mode of payment in which a pre-specified amount of money is paid to the person named as the recipient. It is a crude form of money transfer, but this facility is usually provided by post offices, banks and other financial institutions to people who don’t have bank accounts. The buyer of the order goes to the post office, pays the sum of money, along with a small service fee, and writes the name and address of the receiver. The post office then hands the order to the sender, who can then send the recipient details of the payment.
While there are more modern means of sending money, such as PayPal, you might find the need to send money through an international money order. Here are a few tips to consider when filling out the form.
Verify if the recipient’s country is supported. Before you send a money order to another country, verify that that the recipient’s country accepts this form of payment. However, many banks in almost all countries do accept money orders.
Purchase the money order. You can purchase an international money order form from the post office, the bank, money transferring institutions and other financial institutions. This should not cost much, although some remittance companies will charge depending on how much you will be sending.
Name of the payee. The first thing you should fill in is the name of the person you are sending the money to. This is very important because even if your money order gets lost, no one can cash it in, except for the recipient named on the slip. In this case, you can always cancel the money order as long as it hasn’t been cashed yet. You need to write the name in the column that says either of these; “Pay To,” “Payee” or “Pay to the Order of.”
Your name. Now write your name in the column that says “Remitter,” “Purchaser” or “From.”
Your account number. Some remittance companies have a separate column requiring your account number, which is usually indicated by “Memo,” “C.O.D no,” and “Used for.”In this case, write in your account number. If the column asking your account number is not mentioned then you need to write it above your name. Your account number is important, as this how the payee will recognize the authenticity.
Address. There will be a column that simply says “Address” or “Purchaser’s address”. You need to fill in your address in this column (and not the payee’s). The payee’s address is also required on another space.
Sign the money order. After you have carefully filled out all the other columns, you need to sign the money order. If there is no column specifying your signature, just sign on the front of the order. Do not sign on the back, because the back is where the payee signs.
Make sure you fill the international money order out correctly, as any mistake may result in nullifying the money order. Also, never carry around blank money orders, because it might be used for fraud, in the event that someone uses these without your consent and knowledge.