postal money order question

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Posted By: Jimmy

Counterfeits have been a problem the last few years and some banks have stated this to their customers. The problem that was happening, is more people were willing to do online banking so there was less money orders coming into the banks causing the banks to limit there procedures of checking them giving counterfeit thieves an opening not to get caught. The banks have finally placed new procedures on how to handle money orders and it depends how large the amount is. This really depends on the bank and how trained their staff is and if it needs five days to clear or if they can make a decision that day they will.

but yes as stated above "The post office will cash them immediately"

Jimmy