On 29 Nov 2000, at 10:01, Garth Wood wrote:
> Actually, Royal Bank is *the* biggest bank in Canada, and could purchase a
> significant fraction of all the "Mom 'n Pop" banks in the U.S., should they
> wish to do so.
Yeah, I knew that, but didn't want to "brag" on their behalf. :-)
> Money orders written by Canadian banks in U.S. funds *must be* drawn on
> a U.S. bank.... There's no way for a Canadian bank to "natively" create a
> money order in U.S. funds -- it's done by a clearing transaction,
> previously negotiated with a U.S. bank.
I didn't know that. Next time I get one, I'm gonna look and see if it says
which bank it's drawn on. Then, the receiver-of-it can point that out to
the credit union if they have a problem.
> The credit union's got its head shoved up its posterior, if you ask me.
My thought exactly! Hopefully they have a glass belly button so they
can see where they're going! <G>
Regards,
Chris
-------------------------------------------------
Chris O'Neill (coneill@xxxxxxxxxxx)
Web: http://www.nucleus.com/~coneill
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