I do not have a bank account. My children's father pays his child support with a money order. Where do I cash a money order at? It doesn't have a bank name or any other info on it.
Thanks.
2007-04-04 14:49:21 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
A money order is exactly like cash. Open a bank account at any public bank to deposit or any bank will give you cash for it. It's not necessary for him to sign anything but your name on the top line where it says: ----- Payable to: He must write your name here. If he's left the bar empty ask your bank (you should open an acct. with a few dollars) if it's OK to sign your own name.
2007-04-04 16:38:55 · answer #1 · answered by Country Boy 7 · 0⤊ 0⤋
A local bank may cash but they'll likely charge you to do it. Why not open up a bank account? And, if possible, tell him you want a bank or cashier's check. They're easier to trace in the event you ever lose it before cashing.
2007-04-04 14:53:48 · answer #2 · answered by Venita Peyton 6 · 0⤊ 0⤋
What kind of a money order is it? Is it Western Union, U.S. Postal Service, or Walmart? Some financial institutions may cash them for you, but most will not if you are not a customer or if the money order is not from that specific financial institution. If it is from Western Union or Walmart, find a location that sells them and they should be able to cash them for you. Another option is to go with a friend to their financial institution and sign the money order over to them so they can cash it for you. You would sign it on the back, write "pay to the order of _(friend's name)_" and your friend would sign his/hers underneath it.
If you are able to, you might look into opening up at least a savings account if you can, or a free checking account. Two factors that most financial institutions consider when opening accounts are your credit bureau and ChexSystems. Your credit bureau is usually secondary compared to ChexSystems. If you are on ChexSystems, it is because of continued account abuse (too many bounced checks, etc) and that needs to be settled up with the reporting financial institution, and you will remain on ChexSystems for 7 years afterwards. If you are not on ChexSystems and you have at least fair credit (600+) you should have no problem opening an account. Financial institutions cannot deny you based on your credit score alone; however, they can factor in specific judgments or accounts in your credit bureau.
2007-04-04 15:13:56 · answer #3 · answered by centerstage 3 · 0⤊ 0⤋
At a tin factory. Let it shine
2007-04-04 21:22:01 · answer #4 · answered by Cy Kotic 2 · 0⤊ 2⤋