Ettringermedia
Chicago,#2Consumer Comment
Thu, March 12, 2009
Whether or not money orders can be scams, Gabriela was WRONGED in this situation. If Banco Popular had such an enormous concern about the validity of her money orders, they had a duty to inform Gabriela the moment she deposited her money orders that there would be a delay before her money became available to her. The time to inform Gabriela was not AFTER she left the bank and went on to make purchases based on the reasonable notion that her money was in the bank. Furthermore, once those money orders panned out to be good, Banco Popular had a fiduciary responsibility to refund all overdraft charges to Gabriela. It is not reasonable to pretend that Gabriela's money was no good, for the purpose of charging overdrafts and then to go on enriching themselves even after the money orders turned out to be valid. Gabriela's money was in their bank all along and she is getting penalized for doing nothing wrong. If Gabriela's money orders had turned out to be fake, then perhaps, retrospectively, Banco Popular would have the right to exact charges, but her money was good all along, her money orders were valid. Banco Popular took her money, never told her it WAS NOT available, charged her overdraft charges for not overdrawing her account and then lacked the integrity to admit there was never a problem. It is tragic that people just accept whatever banks tell them. If Gabriela's money orders were temporarily unavailable to her, then why didn't Banco Popular decline her debit card transactions? Banco Popular had a duty to call Gabriela immediately and warn her that an investigation was occurring. The fault here lies with Banco Popular and Gabriela is due compensation.
Gabriela
Tampa,#3Author of original report
Tue, February 26, 2008
The money was available. I insist on that the amount was small. And if the money had been made available and I was not informed of their hold I don't think I should pay for their mistake. I am not going to be charged overdrawn fees so that Banco Popular can catch a few criminals.
Gabriela
Tampa,#4Author of original report
Tue, February 26, 2008
The money was available. I insist on that the amount was small. And if the money had been made available and I was not informed of their hold I don't think I should pay for their mistake. I am not going to be charged overdrawn fees so that Banco Popular can catch a few criminals.
Gabriela
Tampa,#5Author of original report
Tue, February 26, 2008
The money was available. I insist on that the amount was small. And if the money had been made available and I was not informed of their hold I don't think I should pay for their mistake. I am not going to be charged overdrawn fees so that Banco Popular can catch a few criminals.
Gabriela
Tampa,#6Author of original report
Tue, February 26, 2008
The money was available. I insist on that the amount was small. And if the money had been made available and I was not informed of their hold I don't think I should pay for their mistake. I am not going to be charged overdrawn fees so that Banco Popular can catch a few criminals.
Striderq
Columbia,#7Consumer Comment
Tue, February 26, 2008
No, money orders are equivalent to checks. It's a case of the bad guys making it tough on the good guys. But when money orders started being forged and used fraudulently, most companies and banks placed them in the "check" catagory to make sure they are honored when presented for payment.
John
Califon,#8Consumer Comment
Tue, February 26, 2008
You need to read more. There are many, many fake money order, cashier check, etc. scams going around.