Postal Money Order versus Bank Money Order ???



Crazy question, but is there a difference between a US Postal Money Order and any other Money Order drafted from a US Bank account??? I notice some guys here very specifically note that they want a "US POSTAL MONEY ORDER ONLY!!". I thought all money orders were guaranteed funds??

R.
red2

Showing 1 response by justlisten

there is a difference between a USPS MO and a bank money order.

a hold can be placed on a Bank MO if it was reported stolen, lost, or for other reasons....eventually it will likely have to be paid, but it can be held up for a long period.

A Certified Check is guaranteed. they cost a lot more money to purchase.

also,. there have been several real looking fake Money orders floating around.

a USPS MO cannot be stopped, it is as close to a Certified check as possible, and costs very little to purchase.

I once purchased a pair of speakers that came completely damaged and misrepresented, I was able to hold up payment of my Money order for a period of time.In the end I got screwed, but i made the crook sweat for a while.