my proof...
these can come back as much as 2 months later and the post office can demand repayment from the bank, and the bank can hold the casher liable for the funds...
so like i said, WORST ADVICE EVER...
these can come back as much as 2 months later and the post office can demand repayment from the bank, and the bank can hold the casher liable for the funds...
so like i said, WORST ADVICE EVER...
http://www.clarionledger.com/apps/pbcs.dll...363/1002/NEWS01When a person cashes one of the fake money orders, Waters said, they are responsible for repaying the money they receive.
"It's almost impossible to catch the scammers," Waters said. "They're like ghosts."
Scammers spark Internet conversations, then ask the victim to cash money orders and then wire the money so they can pay for a sick family member's medical care. Victims tend to be the elderly, Martin said.
Many victims cash the fake money orders at banks or credit unions. Postal officials suggest people bring postal money orders to their local post office because workers are trained to identify counterfeit money orders.
http://www.bankersonline.com/security/guru...sec040405a.htmlQuestion: Our customer deposited 4 US Postal Money Orders on 12/13/04. Today 2/16/05, we received 3 of the Money Orders returned as counterfeit items. What is the Bank's responsibility for these items? Can we return them late for reclamation, as they were returned after the midnight deadline? Does our customer have any recourse?
Answer by Randy Carey: There is no midnight deadline on Postal Money Orders. Here are the rules for reclamation:
"The postmaster general has the right to demand refund from the presenting bank of the amount of a paid money order if, after payment, the money order is found to be stolen, or to have a forged or unauthorized endorsement, or to contain any material defect or alteration not discovered on examination. Such right includes, but is not limited to, the right to make reclamation of the amount by which a genuine money order with a proper and authorized endorsement has been raised. Such right must be exercised within a reasonable time after the postmaster general discovers that the money order is stolen, bears a forged or unauthorized endorsement, or is otherwise defective."