Originally Posted by
gmt4
Except there is no money backing the MO. No funds were exchanged to buy it. You're depositing a worthless financial instrument. Not to mention fraudulently issued by the computer.
Do people not realize these are all traceable documents? They are serialized, and can be tracked from the location and time of issue all the way to you and your bank account. You're on video when you buy it and video when you deposit it. There is zero anonymity.
There is absolutely no argument anyone can make that makes attempting to cash or deposit them an acceptable course of action. I suggest this line of discussion stop now.
Originally Posted by
gmt4
Would not use. Knowingly cashing a bad check is either a misdemeanor or felony in all 50 states.
You reach the right conclusion for the wrong reasons.
You don't take the check (MO) and run and deposit it - because it is WRONG and you know that they are short the money.
The reason is not because it is a bad check ... it ISN'T. The MO is good - it has been paid for - MG isn't short any money. Walmart is short the money because the cashier pressed a button saying they received $500 cash as opposed to $500 debit. So let's not blather about that MO are bad ... once they are printed the MO has the money.
I've had this happen a few times where their cash drawer pops open or the transaction finishes before I put my PIN in. You are morally obligated then to volunteer to the CSR that there is a problem and they need their manager to come over and help fix it.