What does endorsement signature mean on a money order?

What does endorsement signature mean on a money order?

Sign your name in the “purchaser’s signature” section This is where the person or business that you are paying endorses the money order before they cash it.

Who signs the purchasers signature on a money order?

The final line on the front of the money order is usually for your signature. This line may say Purchaser’s signature, or just Purchaser. In the case of MoneyGram, the signature line also says Signer, or Drawer. Not all money orders require your signature.

Is a signature required on a money order?

One required field on any money order is an indication of the sender. On most money orders, it’s your signature that’s requested, just as you sign a check. But on USPS money orders, the blank is only labeled “From.” Whether you write or sign your name is up to you.

Who signs the endorsement on a check?

To receive the funds, the payee must sign, or endorse, the back of the check. This signature, called an endorsement, informs the bank or credit union that whoever signed the check is the payee and wants to accept the money.

Can you cross something out on a money order?

No, you cannot make changes to a completed money order. Any form of alteration or correction will make it ineligible for cashing.

Can you endorse a money order to someone else?

To cash a money order, you’ll need to first endorse it by signing your name on the back. You will also need to provide identification no matter where you’re cashing your money order. If you don’t have any ID, you can endorse the money order to someone else, like a sibling or friend, who does have an ID.

What happens if you endorse a check wrong?

What happens if I endorse a check incorrectly? It also won’t be accepted by the bank. Also, if the amount written in the box is correct but the amount written in words is wrong, you will need to void the check and write another one.