Postal Money Orders and the Bank
I am selling via the auction side a bunch of guns for a good customer. As is common most of them will pay with a postal money order. Wife went to the bank (where we have 5 seperate accounts) to cash them. The bank refused. I told her to withdraw the same amount from savings and deposit the money orders and just let them clear. The bank refused to accept them as a deposit. The only money orders they refuse are postal. They said the decision was made as of today not to accept them. This was the president of all three branches. Now I know about forged monley orders but they were not at risk. Has anyone heard of this. We have never had any issues with this bank ever. We will be changing banks this week. Apparently the person at the window made a comment that it was a lot of money. She went to the post office but it is a small town and they didn't have the cash to cover them. The also said the money order were legit. If this becomes common to all banks I will no longer accept PMO's.