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What is the policy on counterfeit postal money orders and the responsibility of the bank and the clerk?
Wiki User
∙ 14y ago
Counterfeit postal money orders, like counterfeit money, cannot legally be deposited in a bank account. Bank clerks are not required to absolutely verify the status of a money order before accepting it, and the bank is not required to honor it in any case. The responsibility of a clerk who pays out money erroneously is subject to the policy of the individual bank. But the bank account holder is ultimately liable for all counterfeit or fictitious items deposited or cashed through their account.
Wiki User
∙ 14y ago
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Where to get counterfit money orders?
Most counterfeit Postal Money Orders are domestic, with a face value of $750 to $950. International Postal Money Orders are printed in pink, yellow, and gold and cannot exceed a value of $700. There has been an increase in counterfeit international money orders printed with values of $500 to $700.
Do postal money orders expire?
From what I have read, Postal Money Orders do not expire.
Do money orders expire?
From what I have read, Postal Money Orders do not expire.
Do postal money orders have a expiration date?
If its a US postal Money order the answer is no, they do not have an expiration date.
When were Postal Orders first introduced in the UK?
The United Kingdom was the first country in the world to issue postal orders on January 1, 1881. These orders were from the president of the Birmingham chamber of commerce, which was to enable the poor to buy goods.
How you surrender postal life insurance policy in India?
After your policy has covered three year's period bench mark, your postal life policy can be surrendered on request,as prescribed in the policy bond.
What actors and actresses appeared in Postal Orders - 1932?
The cast of Postal Orders - 1932 includes: Margaret Damer Sydney Fairbrother Margot Grahame Garry Marsh Madge White
How can I assure that a money order is legit and not counterfeit?
Postal money orders are generally regarded as one of the most difficult financial documents to counterfeit. They have telltale watermarks when held up to the light should reveal images of Benjamin Franklin, also repeated on the left side. Dark security strip running alongside the watermark (top to bottom), just to the right. If held to the light, a microfiber strip will show tiny letters "USPS" along its length, facing backward and forward. Denominations appear in two locations. If the denomination amounts are discolored, that indicates that they have been erased. Postal Money Orders are NEVER sequentially numbered, which is common with counterfeits.
What are used in place of writing checks?
Debit cards take money from the account. Money Orders are available. Postal Money Orders.
What is the resale value of a 1960 sixpence British postal order complete with counterfoil?
value of 3 consecutive 6d postal orders issued in Hunningham, warwickshire october2 1966
How much do postal money orders cost?
It depends on which stamp you buy. they usually cost around 12p.
How can Surrender postal life insurance policy in India?
Surrendering a Postal life insurance policy in India requires going into the Post with adequate documentation. After a suitable waiting period it is necessary to present the case to a magistrate for full approval.
