Money orders?

Question

I'm not sure how to put this question. I recieved some money orders and need to cash them (it is work related) and I was just wondering if there is a way that I can verify that they are real and that I will have no problem depositing them in my bank.

Answer 1

The only way to be a 100% sure they are good is to deposit them and wait three weeks. Seriously, three weeks. Money orders, and checks for that matter, can sometimes take that long to bounce.

But if I were you, I would go with my gut. If you have reason to believe they are fake, they probably are.

Answer 2

You should have no trouble depositing them in your bank, but the funds will be withdrawn by the bank if they turn out to be fake. You should be fine as long as you don't spend any of the money until you're sure they've cleared. BTW, if your "work" concerns depositing these money orders and then wiring a portion of them somewhere, it is a scam and the money orders are fakes.

Answer 3

Sounds like you're the rep for a foreign business and you receive money orders and checks, deposit them in your bank account, keep a percentage, and wire the rest to the foreign business.

It's a scam. Don't try to cash those money orders. You could get arrested.

Answer 4

If this is for a normal job for a U.S. company, where you mostly do other work, unrelated to money orders, the money orders should be cashed at the employer's bank, not your bank.

If this is for a job for foreign company and your only or primary job is to receive money orders, cash them, and wire the money to somewhere other than the U.S., it is scam, they are counterfeit, you should not cash them, and if you do cash them, you will have to repay the bank, and may go to jail.

Answer 5

Bring them to the bank. They will know if they are fake.