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Old Sep 04, 2008, 02:30 PM
FBN
Fearedbynone
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canadian postal money order. nsf!?!?!

so. how does a canadian postal money order that was verified by phone as valid, has all the security marks, come back to me as nsf?

answer: i just found out. its due to my dbag bank's policy on foreign items.

raising hell now, money orders are supposed to be treated as cash. per canadian po.

dave
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Last edited by FBN; Sep 04, 2008 at 04:06 PM.
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Old Sep 04, 2008, 04:06 PM
FBN
Fearedbynone
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updated with what i found
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Old Sep 05, 2008, 10:19 AM
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What bank?

Are you in the US or Canada?

Was it a domestic or international MO?

J
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Old Sep 05, 2008, 10:39 AM
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If you are in the U.S., I tend to "doubt" that a Canadian money order is a "negotiable instrument," and thus your bank had a right to reject your deposit.

Just speculating.
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Old Sep 05, 2008, 11:00 AM
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There are two types of mony orders that Canada Post issues: one is a domestic, the other is an international. The international one should be cashable in the US.

I have sent lots of money orders (an received money orders) from the US with no problems.

J
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Old Sep 05, 2008, 11:07 AM
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Hm, I think you are missing the issue: a bank in the U.S., "may" but is not "required" to present a non-negotiable instrument for payment.

So, it "depends" on the bank, as June Allison might say.
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Old Sep 05, 2008, 10:23 PM
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I've been sent US domestic money orders, (makes a fine bookmark!), but I always cash my US international money orders at the post office. I would suggest you try your PO - go to the biggest one around as they my have a bit more experience.

Martin
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Old Sep 06, 2008, 06:50 AM
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I used to pay for all my ebay items with postals money orders, and not once did a seller from canada or the USA have a problem with them (before paypal was popular)
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Old Sep 12, 2008, 04:34 PM
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Fearedbynone
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my bank said they had to mail it to the international dept to proccess it. they did reverse the over draft fees, 7 x 35.00

still waiting for them to credit my acct, but i atleast know its coming.

capital one is the bank


dave
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