Western Union offers many ways to send money anywhere in the world. Sending a Western Union money order involves redeeming your cash for a monetary value by using it to pay for goods or services, or transfer that value to someone else. When you send money using a cashier’s check, cash, or another payment method instead of a virtual currency, you get an official receipt from the company instead of a virtual one. To find out how much cash is in your pouch and where it came from, read the official receipt provided by Western Union along with any additional sheets that may come with it. Let us know ‘How To Read A Western Union Money Order Receipt?’.
How To Read A Western Union Money Order Receipt?
Western Union publishes a lot of information about money transfers on its website, including the name of the recipient, the amount of money transferred, check the tracking number and expiration date, and other details. If you can’t read the Western Union receipt nor see the information online, you can ask the person you sent the money. This can be useful if you need to return the cash to the person you sent it to or if they want to know to who they’re giving the money.
Things to Look Out For When Reading a WU Receipt
- Make sure the name on the receipt matches the name on the money order
- Compare the signature and/or signature stamp on the receipt to the signature and/or signature stamp on the money order
- Notice any suspicious markings or marks on the receipt
- Compare the amount of the receipt with the amount of the money order
- Check your bank account to make sure the amount of cash transferred is accurate
- Notice if the Western Union agent is a different person than the one who accepted the cash
Look for the name of the receiver
If you’re transferring money to a family member, friend, or business partner, the WU receipt can help you locate them. If they are not the person you intended to transfer the money to, you can return it or seek assistance from the WU agent who accepted your cash. You can find the name of the receiver on the top-left of the WU receipt, in the space designated for the receiver’s name.
Check the tracking number and expiration date
For Western Union and MoneyGram transfers, the WU receipt will show the tracking number and expiration date of your money order. You can find the tracking number in the bottom-left corner of the receipt and the expiration date in the bottom-right corner. You can use the tracking number to check where your money order has traveled and when it will arrive. Alternatively, you can ask the Western Union agent who accepted your cash to follow up but be sure to have a physical copy of the receipt for that person to refer to.
Find the exchange rate between your currency and US dollars
The exchange rate between your currency and US dollars is included on a Western Union money order receipt. This information is useful if you sent a cash order to a friend, relative, or business partner in another country and want to know how much money they got. Knowing the exchange rate can also give you an idea of how much cash you sent and how much you will be paid back.
Summarize the cash value of your money order
On the right side of the receipt, you will find the cash value of your Western Union money order. This value is the amount of money that you can redeem with the money order, which is different from the exchange rate because it’s the amount of US dollars that the money order will buy. If you sent a $500 Western Union money order but it has a $500 cash value of $500, you can use the receipt to pay for anything. If you have extra cash and don’t have anything you want to buy, you can use it to cover the cost of anything.
How to Exchange a Western Union Money Order for Cash?
When you exchange a Western Union money order for cash at a Western Union agent location, the agent will usually handle this transaction. When you exchange a WU money order for cash, you will get the exact amount of cashback according to the cash value on your WU receipt. The cash value of the WU money order should be the exact amount of cash that you sent with the money order. If the cash value of the WU money order is different than the cash value on your receipt, you need to exchange the money order for a different amount of cash. If you try to exchange the money order for less cash value than it has, the Western Union agent will probably not honor the transaction.
Conclusion
While a receipt from Western Union will show you all the information you need to know when exchanging cash, you should also follow these steps to make sure you get the most money back: Make sure the name on the receipt matches the name on the money order – Make sure there are no suspicious markings or marks on the receipt. Make sure the amount of cash in the receipt corresponds to the amount
