An international Postal money order, from Canada, Japan, or many other countries
is easily cashable immediately by your local Post Office here in the US. No need
to chance the bank, and see if they charge you.
Larry
Tom Scales wrote:
> Chris, it just happened to me yesterday at my credit union, with a money
> order from, well, you. They wanted $5. I'll come up with another way, but
> haven't thought of it yet.
>
> Interestingly, they happily accepted the Japanese Postal Money order. They
> would also have taken a dollar CHECK from Royal bank. It was the money
> order part that threw them.
>
> Tom
>
> From: <coneill@xxxxxxxxxxx>
>
> > I recently purchased a T20 flash from a US seller, and send the seller an
> > international money order in US$ 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
> US$10
> > fee of some sort. Their reaason for demanding the fee is because it is
> not
> > 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"
> might
> > 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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