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From: barryg@sdcrdcf.UUCP (Barry Gold)
Newsgroups: net.followup,net.consumers
Subject: Re: WARNING ON POSTAL MONEY ORDERS
Message-ID: <1027@sdcrdcf.UUCP>
Date: Sat, 21-Apr-84 13:09:09 EST
Article-I.D.: sdcrdcf.1027
Posted: Sat Apr 21 13:09:09 1984
Date-Received: Mon, 23-Apr-84 07:08:37 EST
References: <333@bunkerb.UUCP> <327@ucbvax.UUCP>
Reply-To: barryg@sdcrdcf.UUCP (Barry Gold)
Organization: System Development Corporation, Santa Monica
Lines: 27


People should "in general trust" any piece of paper to be good without
examining it.  My jaundiced view comes from working one day a week as a
check cashed for my father-in-law.  I have seen:

	a $50 bill on which the face in the middle looked slightly drunk--
and the Treasurer's signature was missing a dot over an "i."
	a $1 bill with "00" painstakingly lettered in each corner--and
George's face replaced by one suitable to a hundred.
	We returned these to the bank that had sent them to us.

	We also get all sorts of interesting checks, money orders, and
identification.  Net readers might be interested in knowing that we still
cash postal money orders with good identification (after inspection to make
sure the amount is unaltered) IF they come in the mail from out of town--
and the person has the envelope to prove it.  We do NOT cash money orders
signed by the purchaser but not by the issuing financial institution.
Too many judges are now ruling these things are virtual checks and can
be stopped, even against a "holder in due course."

	More details on request.

	--Lee Gold
-- 
	Barry Gold
	usenet:         {decvax!allegra|ihnp4}!sdcrdcf!ucla-s!lcc!barry
	Arpanet:        barry@BNL