*Loan,banking and credit>>>bank of american

Can Bank of America verify that a money order is ligit?

I am getting a money order from somthing that I sold on ebay. If I take the money order into bank of america, Can they verifty that the money order is ligit and not copied or forged or anything? If they verify it and it bounces will I still have to pay back the money? Serious Help Only Please!!!!!!!!

There are a ton of scams out there.

If the person supplying you with the money order, has instructed you to pay some commission to a third party, then it is almost certainly a fraud. Why can't they pay the third party directly? Well they want check from you with your bank account info on it, from which they will steal as much as they can.

Different people have different kinds of bank accounts ... you need to ask your bank about what the impacts are upon you, in different possible circumstances.

Generally, the process is that you tell the bank that you have suspicions ... get something in writing from the bank to confirm you told them, so that if it turns out to be a fraud, you have that level of protection.

Then you have the bank process the check & let you know when it has totally cleared. You do not try to withdraw any of the money until then.

If it bounces, then no money goes into your bank account for that check, and the bank may charge you some fee for the trouble they had to go to.

Let's suppose you have in your account
$ 100.00

Let's suppose this check is for
$ 10,000.00

Let's suppose that before it clears, or is found to be a fraud, you withdraw from the account
$ 1,000.00

Let's then suppose that it is found to be a fraud.
The $ 10,000.00 you thought was being deposited, that gets subtracted. The bank also charges you a fee of say $ 25,00 for the processing of a check that turned out to be fraudulent.

The balance in your account is now
negative 975.00 because of the $ 1,000.00 you withdrew before knowing it was a fraud, and because of the fee for the bank services.

Well now you are over-drawn, and the bank imposes additional penalties due to that.

This is why you need to wait until the check is found to be good, or bad, before trying to d anything with that money.

Only if it is a Bank of America money order. If not you have to contact the Bank the money order is drawn off of.
Previous Bank Employee
i recommend you take the money order to a check cashing place.. they are good @ detecting fakes...