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money orders safe?

Discussion in 'Miscellaneous [BG]' started by basss, Mar 22, 2005.

  1. basss

    basss Supporting Member

    Aug 27, 2001
    We've all heard about the fake money orders floating around. Are they safe to accept anymore? I have someone from the UK interested in buying a portable DAT recorder I have for sale. He wants to pay via money order. Can I check the authenticity of the money order at any bank?
  2. Selta


    Feb 6, 2002
    Pacific Northwet
    Total fanboi of: Fractal Audio, AudiKinesis Cabs, Dingwall basses
    Just tell him you're going to wait for it to clear... take it to a tellar at your bank and cash/deposit it right there... wait a few days, check your account and make sure you have the funds, then send away... that's generally what I do if I feel it's awkward...

  3. SoComSurfing

    SoComSurfing Mercedes Benz Superdome. S 127. R 22. S 12-13.

    Feb 15, 2002
    Mobile, Al
    The safest and easiest way from out of the country would be to have a wire transfer sent from his bank to yours. If you present a money order from outside of the states, your bank is probably not going to cash it, but take it for deposit only. In this case, there will be a hold placed on it, up to 11 business days, depending on the amount and your relationship with the bank.