Re: [OM] [OT] Money Orders and Credit Unions

Subject: Re: [OM] [OT] Money Orders and Credit Unions
From: "Tom Scales" <tscales@xxxxxxxxxxxxx>
Date: Wed, 29 Nov 2000 10:51:12 -0600
Chris, it just happened to me yesterday at my credit union, with a money
order from, well, you.  They wanted $5.  I'll come up with another way, but
haven't thought of it yet.

Interestingly, they happily accepted the Japanese Postal Money order.  They
would also have taken a dollar CHECK from Royal bank.  It was the money
order part that threw them.


From: <coneill@xxxxxxxxxxx>

> I recently purchased a T20 flash from a US seller, and send the seller an
> international money order in US$ drawn from one of the biggest banks in
> Canada (Royal Bank).  Last night, the seller advised me that his credit
> union won't deposit the money order into his account unless he pays a
> fee of some sort.  Their reaason for demanding the fee is because it is
> drawn on a US Bank.  Since the money order is only for US$20 and change,
> he's understandably not interested in paying a 50 0.000000ee to get it into 
> his
> account.
> My questions are:
> 1.  Is this standard operating practice for credit unions in the States?
> I've personally never heard of such nonsense for money orders.  Some
> financial institutions will "hold the funds" on personal cheques until the
> cheque clears, but I've always thought money orders were as good as cash
> when endorsed in the presence of a teller, and the only "requirement"
> be having to present ID.
> 2.  Any suggestions on how the seller can cash this?
> I'm sure some would prefer OFF-LIST replies to mailto:coneill@xxxxxxxxxxx
> to keep the list traffic down.  Thanks, in advance, for any assistance you
> can provide.
> Regards,
> Chris

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