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Old 02-15-2008, 03:09 PM
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Default postal money order question

Posted By: Frank Wakefield

Tom is right, but you have to get the sellers to cash the MO at the PO, not the bank.

The Post Office will cash it upon presentment. Sounds like some banks are falling back on some "funds available" definition in their demand deposit agreement.

I like getting a USPS money order, 'cause I can take it to the post office and use it for the shipping, just like Tom said.

If you repeat purchases with the '5 day wait' guys, ask them to present the MO for payment at the Post Office, where they can get cash immediately.

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