Answer:
Yes - the customer is entitled to the items back so that he can pursue a claim.
First published on BankersOnline.com 11/21/2005
Counterfeit Canadian Postal Money Orders
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Question:
We had two $900.00 Canadian Postal Money Orders presented for deposit. We did not give the customer credit. We have received documentation from the Canadian Postal Service that these items are counterfeit. Since we had no loss, do we return the money orders to our customer marked as counterfeit so that he can pursue the person that paid him with them or what should we do with them? What authorities should be notified in this situation?
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