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Jul
Jul
Please explain extensively how the postal money order system works. When a letter says that, “The Postal Money Order is not accepted by the bank and due to the lapse of ninety (90) days from the date said Postal Money Order is issued, stated money order becomes invalid or stale,” what does it mean?
Answer:
You go to the post office with cash and request a money order for the amount you need. That’s a postal money order, no bank account required.
People prefer the postal money orders as the post office cashes them out on the spot and if it is a fake the post office will tell them right then and there.
You don't take them to the bank, you cash them at the post office. Take it to the bank, they might or may not hold the 90 day expiration.
Answer:
It means you tried to cash a money order that was over 90 days old. Apparently postal money orders expire after that length of time. I'm quite sure it must have said so somewhere on the front of the money order. What it means is that the money order was worthless. Sorry.
Answer:
They are money orders issued by the Post Office.
They’re only good for 90 days. If you do not cash it at the post office ( not all banks accept them) then it will become useless.
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on Wednesday, July 16th, 2008 at 3:04 pm and is filed under Other Finance.
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