A money order functions like cash in most situations. It is a safer way to receive money than a check because there is no chance of the money order not being good. If you purchased a money order, however, intending to use it for a specific purchase but did not use it for that purchase after all, there are a few steps you need to follow to get your money back. Always keep your purchase receipt when you buy a money order to expedite this process and protect yourself.
Return to the institution that issued the money order. In many cases this is your bank, although there are other places that sell money orders like the post office.
Put your name in the recipient line, if it is empty. In this case, you can make the money order out to yourself, endorse it, and deposit it directly back into your account or receive cash in that amount.
Write "Not used for purpose intended" on the endorsement line and sign your name if you have already filled out the recipient line. This allows you to cash the money order to yourself.
Produce your receipt, and the bank will be able to refund the money order without endorsement in most cases.
Items you will need
- Money order
- Receipt of purchase
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