posted on November 22, 2000 09:24:51 AM new
I have never had a Canadian Postal Money order clear the first time. They ALWAYS bounce. There is no US bank routing # in them, so they must be collected through the collections department, even if they are specified in US funds.
I don't accept Canadian Postal money orders for that reason.
Can you really cash them at a US post office? Mine told me I could not, but then again, they don't always know what they are talking about )
posted on November 22, 2000 09:29:23 AM new
kidsfeet: Actually, when I called the Canada Post yesterday, they told me that they have an agreement with the USPS and that their MO's are SUPPOSED to be cashed at the post office!
posted on November 22, 2000 10:18:23 AM new
It is threads like this one that keep me coming back here.
Thanks so much to all the posters for all of the information they provided!
This is important insight on money orders.
posted on November 22, 2000 10:47:06 AM new
Not directly related, but:
I received a $3500 cashiers check drawn from First Union bank, a large national bank with branches in several states. Deposited it in my account. 2 days later funds are "cleared" to my account (the hold period has passed). Shipped the item. 7 days later received notice from my bank "$3500 has been debited from your account as a recent deposit item has been returned". Head exploded (or at least felt like it was going to!). My bank says they don't know why the check was returned. My branch manager calls the branch that issued the check. She was told the customer reported it stolen. My Mgr. told the other "Don't you know federal banking law does not allow a stop payment on a Cashier's Check for at least 30 days for ANY reason? That's why they are called cash-iers's checks, they are supposed to be like cash!" Well the other branch mgr. said "I can do whatever my customer tells me to do! And hung up on us!" HAPPY ENDING: I did finally get the $ back from First Union 90+ days later after filing a complaint with the Office of the Comptroller of the Currency (OCC) in Houston, Texas. :')
posted on November 22, 2000 11:03:01 AM new
No, it did not. Your BANK screwed up, period, end of story. The sender did NOT put a Stop Payment on it. US banks are screwy, don't blame that on your Canuck customer that sent the funds.
posted on November 22, 2000 11:14:34 AM new
Well, that's not what Bigshack was talking about. In their case the sender put a Stop Payment on it, which is hardly what happened in your case. Of course funds can be returned, for ANY reason, such as the clerk at your bank being a DOLT.
posted on November 22, 2000 11:56:34 AM new
Reddeer always has his bristles up on this thus subject - mind you, if you really want to see a reaction, tell him you plan to ship to Canada via UPS.
)
