[Milsurplus] Re: Money Orders

[Joe Foley]

I ONLY take USPO Money Orders for E-bay purchases, for
the last I don't know how many years!

It is much easier for everyone if the banks aren't
involved, they're crooked, too.

I can get a USPO MO traced much easier, too.

I can't get my bank or any other bank to cash
out-of-state checks.  They are under NO obligation to
cash ANY check not even their OWN!!!  Their is NO law
to force them to either.

Joe




--- Radioman390 at cs.com wrote:

> One thing you should know:
> Money Orders by everyone EXCEPT the Post Office are
> actually bank drafts 
> (essentially a check), so that the money is not
> available immediately when you 
> deposit it in a bank. It has to "clear" and may
> bounce. The MO companies often 
> draw these on farawy banks so they can collect more
> interest.
> 
> One Mony Order company here in New York went belly
> up few years back leaving 
> some $21 Million in bad checks. Since they marketed
> to poor neighborhoods, a 
> lot of people lost their rent money, etc.
> Fortunately, the NY Attorney General stepped in and
> convinced landlords to 
> not evict tenants, but the tenants nevertheless had
> to make good on the bounced 
> MOs.
> 
> When you get a USPS Money Order, they can cash it
> for you at any Post Office, 
> since they scan the number and can verify that it
> was properly issued and 
> hasn't been altered. They will require ID.  


       
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