I [don't] hate E-Bay (was Cromemco 68000 on ebay)
cclist at sydex.com
Wed Apr 1 22:01:44 CDT 2009
On 1 Apr 2009 at 22:30, Rick Murphy wrote:
> At 07:52 PM 3/30/2009, Chuck Guzis wrote:
> >Money orders are designed as "bearer" instruments, which is why your
> >bank doesn't like them. A cashier's or certified check is far
> >safer-- the check can be verified with a telephone call. Not so with
> >a money order.
> Cashier's checks and certified checks are no better than any other
> type of check, and are frequently fraudulent these days. US banking
> laws work against us as banks are required to make the funds available
> in a small number of days while it may take months for a bad check to
> be detected.
I should have said "the check can be verified with a telephone call
to the issuing bank". The bank wrote the check and collected the
funds; they should be able to tell you if it's legit.
Assuming, of course, that the bank is a legitimate US-chartered bank.
Foreign banks are another kettle of fish entirely.
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