[Milsurplus] Re: Money Orders

[Barry Hauser]

USPS MO's can be a real pain -- when they're lost in the mail.  I sent a 
USPS MO for about $250 from NY to PA and it never arrived.  I mailed it 
first class right from the post office when I bought the MO -- clearly 
and correctly addressed.  Never showed up in Philly.  After a few weeks, 
I picked up a "money order inquiry form".  Had to wait until it was 
missing for 3 weeks before I could pay the $3.00 fee and file it.  The 
deal is they just inform you by mail if the MO is cashed.  If it isn't 
cashed after two months, they put it in for processing a refund.  The 
seller wasn't going to wait all that time -- which I can well appreciate 
-- so I bought ANOTHER $250 MO and sent it Priority Mail.  That one got 
through.  Yes, I got the refund, after my money was tied up for about 
three months. It included the $2 MO fee, but not the inquiry fee.

Might not happen all that often, but once is enough for me.

Had a check go missing recently -- just wrote another -- NBD.

Barry



sdaitch at mor.ibb.gov wrote:
> Perhaps the operative word is "cashed."
>
> On the 19th, I deposted two checks in my North Carolina Bank of America account at a BofA branch in Oklahoma City, one check was written on Wachovia in DC, the other on AmSouth in Tennessee, with not a single question asked.  
>
> When the USPS looses mail, I usually lose money, when the banks lose a check, I usually gain!
>
> 73
> Sheldon
>
> ----- Original Message -----
> From: Joe Foley <redmenaced at yahoo.com>
> Date: Wednesday, May 23, 2007 6:48 pm
> Subject: Re: [Milsurplus] Re: Money Orders
>
>   
>> 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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