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In lugnet.market.auction, Larry Pieniazek writes:
> John Koob wrote:
> >
> > Does anyone know of a bank in the USA that would charge a $15 fee
> > to process an international money order in US funds?
>
> I dunno about 15, but my credit union charges 20. I love my CU for
> almost everything, except that. I take IMOs and canadian checks to a
> local bank where I have a savings account. Depositing there doesn't cost
> me money but it DOES cost me time, so my most recent factoring write up
> slaps a fee on people for sending me anything other than POSTAL money
> orders which I can cash at the PO (I go to the PO a lot more than I do
> to the bank).
Is this a common practise in the States? It seems like a blatant example of
shafting the customer, to me. I can see a fee for MO's not in US funds, or for
MO's not drawn against a US bank, but a US money order drawn on a US bank
should be indistinguisable from cash, to a bank.
I invariably use MO's in my dealings across the 49th, and haven't heard of this
before. If it is common, I may have to reconsider how I send cash south. :(
James
http://www.shades-of-night.com/lego/
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Message has 2 Replies:
 | | Re: Questionable eBay auction
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| (...) for (...) James, near as I can tell, it *is* common practise. I don't know all the fancy terms for it, but the banking system in the USA is very different from here in Canada. In Canada we have the major banks (what, 5?), which are quite (...) (25 years ago, 30-Jan-00, to lugnet.market.theory)
| | | Re: Questionable eBay auction
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| I think I read John's post too fast. If John is talking about a US money order drawn on a US branch of a US bank, I agree with you, it's blatant and there is no reason for it. The seller may be confused or shady. However all the other examples you (...) (25 years ago, 30-Jan-00, to lugnet.market.theory)
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Message is in Reply To:
| | Re: Questionable eBay auction
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| (...) I dunno about 15, but my credit union charges 20. I love my CU for almost everything, except that. I take IMOs and canadian checks to a local bank where I have a savings account. Depositing there doesn't cost me money but it DOES cost me time, (...) (25 years ago, 29-Jan-00, to lugnet.market.auction)
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