I received a Canadian Money Order in the mail for a business transaction. The bank cashed it and now they say it was counterfeit

Florence, AZ Viewed 53 times. Posted 5 months ago in Banking

The bank transferred my savings account balance to my checking account balance and took all my money. They have sent back my car insurance payment, and are charging me a returned check charge and "accounting" fees. They did all of this and only contacted me today. How am I to know if a Money Order is counterfeit when they don't even know? Is this legal?

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Answers (1)

Jonathan H Levy

This attorney is licensed in California and 1 other state. Posted 5 months ago.

Works the same as when a person deposits a bad check. The bank doesn't eat the loss, you do.

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I received a Canadian Money Order in the mail for a business transaction. The bank cashed it and now they say it was counterfeit

Answers (1)

Jonathan H Levy

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