blueyes29
|
posted on October 11, 2000 01:33:16 PM
I'm in a real snit now! Just returned from my bank (a credit union) where I tried to deposit a money order from Canada. Clerk told me that they had to send it to a "processing" center and it would cost me $5.00. Further, she told me that "every bank in America" does that with Canadian money orders! I find that really hard to believe and plan on pursuing the situation. So...does YOUR bank accept money orders from Canada? The money order I have is from the Royal Bank of Canada and clearly written across the top is "U. S. Dollar World Money Order." I want to get my "ducks in order" before I storm back into my bank with a list of banks that DO accept these kinds of payment...so hope I'll get some responses. Thanks...
|
traceyg
|
posted on October 11, 2000 02:20:52 PM
So...does YOUR bank accept money orders from Canada? The money order I have is from the Royal Bank of Canada and clearly written across the top is "U. S. Dollar World Money Order." >>
Yes if it is stated U.S. Dollar my bank, All first, does and there is no charge and checks draw into US funds. If it is in US funds I don't see what the problem was. Maybe you got someone that didn't know what they were doing. However, just going in and saying so and so banks take these won't do you a lot of good. When you cool down I would call the main branch and talk to someone that has been there awhile. Talk to them in a resonable tone but with direct questions and ask for a name or department you can refer the teller to that waited on you if in fact they do take them. I don't see why they wouldn't if it is in US funds already. . . but credit unions are different.
|
diebay
|
posted on October 11, 2000 02:21:56 PM
I have never had a problem even though my bank did try the same stunt at first. My MO have always said on it somewhere payable through XX bank in XX city USA. That tells my bank which bank in the US the Canadians are using as a clearing house.
|
borgt
|
posted on October 11, 2000 02:22:07 PM
My bank (Bank of America) will even take checks (or is it cheques) from Canadian banks in Canadian Dollars! I make a quick phone call to get the U.S.$ conversion amount for the day, attach a little sticker and submit it with the rest of my deposit checks (must be deposited within 24 hrs, I believe). No extra charges! BofA has a 'kit' with the stickers and all the info.
|
spottydoggy
|
posted on October 11, 2000 02:30:28 PM
I have 2 local banks, one will not take any money order drawn on an out of US bank no matter if it is in US dollars or not, they won't accept them at all. My other bank will take them as long as it says US dollars - no problem, no fee.
|
VeryModern
|
posted on October 11, 2000 02:31:04 PM
My bank charges $10 if the check is over $100.
|
keziak
|
posted on October 11, 2000 03:29:24 PM
I've been able to cash money orders, but I'm still having trouble over one personal check. No more of those, please. I hope my bank will take a money order made out in a foreign currency because I have one of those right now. Guess I'll find out!
What works GREAT for me is a Canadian postal money order. I can use that to pay for my own parcels and get the change back. Easy.
Keziak
|
overworked
|
posted on October 11, 2000 03:37:40 PM
Those particular money orders are drawn on a bank in Delaware, why the fee? 
|
capotasto
|
posted on October 11, 2000 03:54:50 PM
There never should be a charge or a problem with a check or MO in US$ drawn on (payable at) a US bank, no matter where it originates.
So... was it drawn on a US bank?
|
flowerj1
|
posted on October 11, 2000 04:14:34 PM
I've not had any problem cashing Canadian money orders at my credit union. Just recently I received a personal check from a Canadian buyer. He wrote US funds on the check and my credit union accepted it. They have never charged me a fee for any deposits I've made to my account.
|
honestjonstoys
|
posted on October 11, 2000 04:22:14 PM
Bank: Wells Fargo
I have had no problems depositing International Money Orders as long as they are in US$ and are drawn on a US Bank.
There should be a US bank named somewhere on the MO
--------------
Don't take life so serious, it ain't nohow permanent.
|
macandjan
|
posted on October 11, 2000 04:29:45 PM
[ edited by macandjan on Dec 3, 2000 06:52 PM ]
|
lovesflowers
|
posted on October 11, 2000 04:42:54 PM
Royal Bank of Canada US dollar money orders are drawn on a US bank. They are in US dollars and drawn on a US bank, so they should be no different to the bank than any other money order you get in the US. On the front of the check, look at the right-hand side near the bottom. You should see that NY, New York is written there. Show this to the cashier and explain that since it's drawn on a US bank, there should be new problem. If the multi-language confuses her, I'd ask to talk to a manager. It's not technically a "Canadian" money order if it's drawn on a US bank regardless of the fact that it's called "Royal Bank of Canada."
|
cambercat
|
posted on October 11, 2000 04:46:04 PM
Point out to your bank that it is drawn on a bank in N.Y.
I am a Canadian who deals with the Royal so now ofwhich I speak. The funds are held in the States. It should say in in I think that upper right.
Hopefully that helps.
|
bettylou
|
posted on October 11, 2000 04:53:41 PM
"Does your bank accept U.S. dollar money orders from Canada?"
No, it does not.
And I've been 'round and 'round with them on this. They are totally inflexible.
The $25 in monthly sales (out of $10,000 average monthly revenue) from Canada is not worth changing banks for.
|
ladyjane
|
posted on October 11, 2000 04:55:30 PM
Both of my banks will not accept anything, check or money order, US funds or not, UNLESS it is drawn on a bank in the US...period.
I have had to get very specific in my payment options with international buyers becaus of this...but I have been burned too many times, and charged anywhere from $10 (Chase Bank) to $25 (my local savings bank.)
The worst part of this was that Chase instituted these fees without sending notices to their customers..I was able to scream loud enough the first time it happened and get the charge credited back to my account, but since then, I have to be very careful.
I knew they wouldn't take checks unless drawn on a US bank, but honestly thought they would accept a MO in US Funds..Nope!
The worst past is, I tried to confirm the money order thing with cusromer service at Chase and spoke to 3 different people with 3 different fee charges...even they don't know what they're doing! I took the chance and deposited it, and got charged $10...however, they don't seem to charge me when I deposit a International Postal money order (which I do when I can't get to the PO)...go figure!
|
gc2
|
posted on October 11, 2000 04:57:07 PM
My bank charges for some and not for others (and, LOL, can never tell me in advance whether or not there will be a charge).
I have learned, from this board and other places, that it depends on the ROUTING of the money order or check, even when they are in US dollars.
If it is routed through a US bank, there is no charge; if not, then there is a charge (usually 3.00 for my bank, plus 5.00 for the 'processing' center).
If memory serves (and it doesn't always), a US routing number contains nine (9) digits. It will be on the bottom of the check/money order. (It's the one that ISN'T the check/money order number.)
Hope this helps.
|
avaloncourt
|
posted on October 11, 2000 04:59:09 PM
Your bank is full of it. I use a very large national bank (PNC Bank) and I can deposit Canadian money orders drawn in US funds or Canadian checks drawn in Canadian funds with no charges whatsoever. The checks in Canadian funds have to go to the bank's clearinghouse to be handled. When that happens the clearinghouse pulls up the daily exchange rate and then sends me a note telling me what the exchange for that item was. That normally takes about 3 days.
So feel free to go storm the castle. It seems like your bank is stuck in the dark ages of international banking. Ask them if they can give you an exchange on some pretty beads or perhaps some shells. You might want to see what the going rate is for a goat.
|
macandjan
|
posted on October 11, 2000 05:52:20 PM
[ edited by macandjan on Dec 3, 2000 06:53 PM ]
|
LIGHT1NIN
|
posted on October 11, 2000 08:42:37 PM
IT HAPPEN 2 TIMES TO ME AND AFTER THE COST TO CASH I LOST. I WILL NO LONGER SELL TO CADADA. IF U.S. DOSE NOT WANT THERE MONEY I TO DO NOT WANT IT
|
macandjan
|
posted on October 11, 2000 08:46:55 PM
I can see why that upsets you. They insist on using English also.
|
erost
|
posted on October 11, 2000 11:07:06 PM
Hi,
Also if you get one of those pink Canadian Postal MO's and the bank will not take them, the PO will cash it for you on the spot. I discovered that little secret on some board or another and I'm passing it along.
Elaine
|
gc2
|
posted on October 12, 2000 02:34:27 PM
Macandjan - ROFLOL - You're baaaadddd!!!
|
eleanordew
|
posted on October 12, 2000 02:58:53 PM
blueeyes -- I bank at a credit union too, and they wanted to charge me $15 to deposit a Canadian check in US funds because "we aren't a full service bank." So I went out and I found myself a full service bank, and deposit my foreign checks and money orders there.
El
"The customer may not always be right, but she is always the customer."
|
mzalez
|
posted on October 12, 2000 03:02:50 PM
blue eyes, the Canadian postal money orders in U.S. Dollars are good and easy to cash at most post offices. I've never had a problem with those.
|
ascorti
|
posted on October 12, 2000 03:03:32 PM
You know, I've been selling over the net since '95, and have had bank checks and money orders from all over the world, ranging from $50 to $2000 (from Hong Kong, twice). Never one hint of problems from my bank.
Get a new bank....
|
berkeley
|
posted on October 12, 2000 07:41:19 PM
I also use the Royal Bank US dollar money orders and have only had a problem once with a seller's bank wanting to charge a service fee ($12). I spent alot of time on the phone and as was said before, these MOs are drawn on the Royal Bank branch in New York. The explanation I was given for the service fees charged by small US banks is that they don't have the resources of the larger banks and they accrue extra fees when clearing such items. So, they pass them on the customers. Pretty rotten, huh?
-----------------------------------
Yoda of Borg are we: Futile is resistance. Assimilate you, we will.
|
mtnmama
|
posted on October 12, 2000 07:49:15 PM
My bank took my Canadian Postal money order made out in US funds, sent it to a collection processing center, called me 10 days later and said to come get the money order, it was no good. Then they asked me for $10 (for a $10 money order) before they gave it back to me. I refused to pay them. They returned the money order to me and it was torn, stamped all over and almost illegible. I asked why they didn't tell me beforehand what would happen and their response was:
"Oh, the processing center never honors Canadian money orders!"
HUH? Then why SEND them there? Why NOT just tell your customers the truth?
I wound up cashing it at my post office and have done this ever since.
|
cdnbooks
|
posted on October 12, 2000 08:38:26 PM
macandjan
You are bad. I can't stop laughing.
I use the US$ checks that I get from my local Canadian bank. While my address is in Canada, they are payable (clear throught) a Delaware bank and have the US 9 digit code.
No reason to charge for them and none of the people I have bought from have ever told me that there is a problem.
In ever respect they are US$ check drawn on a US bank.
Bill
|
