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Can I deposit a money order made out to someone else?
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. Then they can cash it for you. Don’t forget that you’ll probably face some service fees to cash the money order. Never accept a money order for more than you asked for either.
Can you remotely deposit a money order?
It looks like most banks allow checks AND money orders to be deposited through their individual bank mobile apps. So if, for example, you bank at Chase or Wells Fargo, you would download their app and then be able to deposit your checks and money orders right there on your smartphone.
Can I direct deposit to an account that does not have my name on it?
Can I direct deposit into an account without my name? Generally… no. To set up direct deposit, you need to give your employer your bank account and routing number—and typically, you don’t have the right to give out somebody else’s bank account information.
How do you deposit money into bank that’s not yours?
Five alternatives to cash deposits
- Make an electronic transfer. You can easily transfer money into a friend’s or relative’s account through a service such as Venmo, PayPal or Square Cash.
- Write a check.
- Send a money order.
- Add an additional owner to your account.
- See what other banks offer.
Can I change name on money order?
Information. No, you cannot make changes to a completed money order. Any form of alteration or correction will result in ineligibility for cashing.
Can you deposit a money order with your phone?
Banks accept U.S. Postal Service money orders as they would regular checks at branches, ATMs or even on a banking app with a mobile check deposit function. Don’t forget to sign the back of the money order before depositing.
Can you deposit a money order into your bank account?
If you are the recipient of a money order, you can generally deposit it into your bank account for free. Remember, when depositing a money order, it’s smart to wait to spend any of the money until the full amount clears your bank.
Does a name change affect direct deposit?
As long as the bank name was the only thing that changed, you will be fine. When the IRS is sending the direct deposit, they go by the account and routing number.
Can you deposit money orders directly into a banking account?
If the money order is to be paid to you, then you can typically deposit it just like a check. As long as your bank accepts money orders, you can simply sign the document and deposit it into your account. The money order will need to be made out to the name on the bank account into which it is being deposited.
Can I pay with a check or money order?
If you need to pay someone and don’t want to use cash or write a personal check, you can use a money order or cashier’s check instead. Both are considered safer forms of payment relative to…
Where do you cash a money order?
In short, the best way to cash a money order is to present it to the post office if it is USPS-backed, or to a friendly local grocery store or check cashing service if you do not have an established bank account.
What id do I need to cash a money order?
The type and quantity of identification necessary to cash a money order will depend on the individual cashing institution’s policies. For example, most banks will require a photo identification that is government or state-issued, such as a driver’s license or passport, as well as a second form of ID.