How to Cash Money Orders in Lousiville KY

by | Jan 8, 2016 | Financial Services

To pay for goods and services, many individuals choose to use money orders. A money order is a tool valued for a prepaid amount of money. These payment devices are issued by numerous companies. It’s beneficial to learn how to Cash Money Orders in Louisville KY to get cash quickly. The following guidelines will assist with this task.

To Cash Money Orders in Louisville KY, first determine the issuer of the money order. Many establishments such as grocery stores, credit unions, banks, and money stores issue money orders. The issuer of the money order is typically designated with a stamp or logo in a corner of the money order. This can also be found on the back of some money orders. When a stamp or logo is not present, the actual name of the institution or business may be on the money order. A few money orders don’t indicate the issuer. When this is the case, simply ask the person who gave it to you. A money order that does not have a visible issuer can still be cashed at many banks and money stores. However, the post office won’t accept this type of money order.

Next, choose a reputable place to cash the money order. A bank or credit union will usually cash money orders for customers who have an account at the business. A money store can cash a money order for a reasonable fee or percentage of the money order. The post office will cash money orders purchased from the post office. It’s a good idea to deal with a larger branch of the post office since smaller branches may not have the funds to cover it.

Ensure that you bring identification. A state-issued driver’s license or identification card is preferable. However, many companies will accept other forms of identification such as a government issued passport. A person may have to fill out an application before cashing a money order. The employee of the company will often have to go through some steps to verify the authenticity of the money order. After this is done, money can be given directly to the person cashing the money order. For more information on money orders, please click here to view the website of Money Now. This company can handle payday loans, check cashing, and title loans.

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