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Banks that allow Money Order deposits via Smartphone or ATM(2014-2016)

Old Jan 25, 2014, 11:43 am
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Last edit by: ChrisFlyer66
This is a historic thread. Recent discussion on this topic is available here:
http://www.flyertalk.com/forum/manufactured-spending/1819582-banks-allow-money-order-deposits-via-smartphone-atm-2017-a-4.html

Banks that allow Money Order deposits via Smartphone

Allow MO deposits via Smartphone:
  • Simple* (March 2014: People now receiving emails asking source and purpose of MO deposits) (Ref)
    15 photo deposit per month and $3000 per deposit (first 5 are limited to $2000). Robust MO reading (Ref)
  • Citibank (500 first 6 months, 1500 thereafter) Citibank does not allow MoneyGram mobile deposits and most ATMs reject the MO.(Ref)
  • SunTrust Only seems to accept WU, posts next day if in before 9pm.
  • Everbank ($50K per day total, no check bigger than $50K) (but see report of shutdown
    Ref)
  • Wells Fargo
    $2500/day $5000/mo ($1000/day $3000/30days for new accounts < 180 days) (Ref)
    user experience: multiple <=$500 (Ref); WU MO (Ref)
  • DCU
    clears immediately (Ref). Very finicky that the MO be filled out completely and the back is endorsed "for deposit only DCU".
  • UFB Direct
    prefers MoneyGram MOs; WU MOs work fine also. (Ref)
  • USAA (Ref)
    No limit known. User experience: $5k/day. Posts instantly. One person reported shutdown after a few months, doing less than 5K mo in MO deposits.(Ref)
  • Penfed. $5K per day limit. WU works fine. A portion of deposit may be held back for a few days. Doesn't seem to take MG (amount entered doesn't match amount detected error message).
  • BB&T. $1,000 per day, $3,000 per month. WU works fine. Doesn't seem to take MG.
  • Charles Schwab, depending on account up to 10k/day (While they allow MOs, their app may not be able to read all MOs. MG only work with dark printouts.)
  • NorthePointe bank. 10 day hold per new accounts <30 days old.
  • Citadel FCU: normally works great with WU, but only do one deposit, small amount first time to test. Increase deposit amount slowly, and do not exceed 2K daily or they may call you and ask what you are doing, or freeze account. Very fraud-conscious at this CU. MO funds avail. within 24 hrs. Apparent $10K/mo limit.
  • Clearview FCU

Do not allow MO deposits via Smartphone:
  • Bank of America
    Not reliable MO reading (Ref)
    Effective 2/23 BofA no longer accepts mobile deposits of MOs or TCs. (Ref)
  • Bank of the West
  • Chase
  • Fiserv-based credit unions
  • Fulton Bank
  • Ally
  • Capital One 360 (won't accept MO via mail in deposit either)
  • Vanguard
  • Fidelity MySmart Cash
  • Navy Federal Credit Union
  • Barclays. The terms state MOs are not allowed. MG worked twice but not again!
  • PNC (Ref)
  • TIAA-Direct (3 checks per business day, $10K per day) No longer viable after calls by Candy in Sep 2014.
  • Eastern Bank. $2500 per day, $7500 per month. Update 3/22/16: Per chat, Eastern no longer accepts MO over Mobile Deposit
  • Discover Checking* (NUMEROUS REPORTS MONEY ORDERS ARE NO LONGER ALLOWED)
    user experience: <2k (Ref)
    ?2 days to post (Ref)
    ?terms do not explicitly state a limit (Ref)
  • LMCU Will shut down MO deposits for high volume.
  • Santander: MG and WU are a no go
  • Radius Bank: Mobile deposits no longer allowed
  • Amalgamated Bank (cannot deposit MOs via mobile app)

Via ATM:
  • Capital One - automatic amount detection (at least for Western Union), posts within 1-3 days
  • Chase
    about four days to clear (Ref) (Ref)
  • BoA
    may be deposited at ATM (Ref)
    (Ref)
  • Citi
    Haven't been able to successfully deposit Western Union but MoneyGram usually works
  • Citizens: ATM will automatically detect amount as long as ink isn't faded; if read incorrectly or not at all you can manually edit amount
  • WF
    type in the amounts manually (Ref)
  • Huntington
  • PNC Bank: ATM will automatically detect amount as long as ink isn't faded; told by teller that ATMs have no problems accepting MO deposits
  • TD Bank
  • USAA
  • US Bank, can deposit MoneyGram, but you have to enter the amount manually.
  • KeyBank: Will accept Western Union money orders. Refuses to accept MoneyGram (from WM) money orders. Recent 2016 reports of problems and risk of shutdown if going over even just a few thousand a month.
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Banks that allow Money Order deposits via Smartphone or ATM(2014-2016)

Old May 21, 2016, 9:08 am
  #1171  
 
Join Date: Jul 2010
Posts: 102
TD Bank was surprisingly quick (next day?) to clear a WG MO via ATM deposit. Account is relatively new -- less than a year old. Just another data point.
vacaloca is offline  
Old May 21, 2016, 9:50 am
  #1172  
 
Join Date: Jan 2016
Posts: 36
Originally Posted by vacaloca
TD Bank was surprisingly quick (next day?) to clear a WG MO via ATM deposit. Account is relatively new -- less than a year old. Just another data point.
I deposited my first MO at TD bank this week and was told by the teller that they should clear next day after 90 days from account opening.
rburrel is offline  
Old May 21, 2016, 9:52 am
  #1173  
 
Join Date: Jan 2016
Posts: 36
Originally Posted by rburrel
I Dropped a $499 money order along with a few others MO's in PNC today. It didn't ask me to confirm the amount for that one and I didn't pay attention to the total transaction amount; (It looked normal). When I got my receipt it showed that $497 was deposited for the $499 Money order.

I assume the ATM misread the money order? I'm not worried about it, just wondering what will happen? (I'd prefer nothing, to not bring attention to my account.)
Followup: PNC posted a $2 credit to my account today labeled as "deposit discrepancy"
rburrel is offline  
Old May 21, 2016, 10:30 am
  #1174  
 
Join Date: Jan 2014
Posts: 100
Originally Posted by rburrel
Followup: PNC posted a $2 credit to my account today labeled as "deposit discrepancy"
Be careful with PNC. Had my account for 6 years, started to deposit around 1-2k/month for about 18 months. Received a letter about a week ago stating they are closing my account.

Sometimes the money would be sitting for weeks but I would ACH a couple days after the deposit cleared as well.
Nucstorm is offline  
Old May 21, 2016, 2:53 pm
  #1175  
 
Join Date: Sep 2014
Posts: 1,837
Originally Posted by Nucstorm
Be careful with PNC. Had my account for 6 years, started to deposit around 1-2k/month for about 18 months. Received a letter about a week ago stating they are closing my account.

Sometimes the money would be sitting for weeks but I would ACH a couple days after the deposit cleared as well.
Is your balance at least more than your MO deposit?

ATM or in branch deposit?

I've had my account for along time and I've been depositing around 1.5-2k every week in branch
lumangoy is offline  
Old May 21, 2016, 7:35 pm
  #1176  
 
Join Date: Feb 2016
Location: Northeastern United States
Posts: 587
Originally Posted by rburrel
I deposited my first MO at TD bank this week and was told by the teller that they should clear next day after 90 days from account opening.
After 30 days you should see them clear in 1 business day. I have multiple TD accounts and they told me 90 too, but I noticed it is usually only 30.
Prometheus77 is offline  
Old May 23, 2016, 8:05 am
  #1177  
 
Join Date: May 2015
Posts: 1,066
Originally Posted by Nucstorm
Be careful with PNC. Had my account for 6 years, started to deposit around 1-2k/month for about 18 months. Received a letter about a week ago stating they are closing my account.

Sometimes the money would be sitting for weeks but I would ACH a couple days after the deposit cleared as well.
Surely you must have been doing something else...
cdog999 is offline  
Old May 23, 2016, 11:25 am
  #1178  
 
Join Date: Mar 2007
Location: Midwest U.S.A
Programs: Too many to list. Since the early 90's.
Posts: 1,407
ACH was the problem. Paying bills is what they like to see, not moving a chunk out.
Churnman is offline  
Old May 26, 2016, 2:35 am
  #1179  
 
Join Date: Mar 2015
Posts: 6
Money Orders deposits via ATM won't work for all applications, but it should work for most.

Warnings about MO's & bank accounts:

Always keep copies of everything you do and get receipts where possible. This way if something goes wrong you have a paper trail to help rectify the situation.

Start small and only do amounts you are comfortable with having frozen, in case of a shut down or dispute.

Check that the bank is FDIC insured or has NCUA insurance if it's a credit union.
Spread your money orders around different accounts.

If you sign up for a new bank account be wary of monthly fees and early account closure fees (most banks charge this if you cancel your account within the first)

Some banks will do a hard credit pull when you open a new account, all banks will do a ChexSystems inquiry.

Too many ChexSystems inquiries in a short time frame can result in a fraud flag or similar being placed on your ChexSystems account. This will make it difficult to get accepted with other banks/lenders that check ChexSystems.

It's also a good idea to familiarize yourself with structuring laws to ensure you're not violating them.
JessicaSmith is offline  
Old May 26, 2016, 7:10 am
  #1180  
 
Join Date: Mar 2015
Location: Cincinnati
Programs: AA, Hyatt
Posts: 371
Originally Posted by JessicaSmith
It's also a good idea to familiarize yourself with structuring laws to ensure you're not violating them.
ugh not this nonsense again
shitrus is offline  
Old May 28, 2016, 5:31 am
  #1181  
 
Join Date: May 2014
Posts: 7
Originally Posted by gt2982a
Yes, DCU accepts WU and MG. My account is still less than 30 days old so all my deposits have to be approved by someone but that it usually very quick. BP is also very quick as well. My only beef is that the endorsement of the MO is a lot longer than other banks but it is a small gripe.
I just applied to DCU, hope to get account opened this week, what are the endorsement requirements? TIA
carlosmendia is offline  
Old May 28, 2016, 6:37 am
  #1182  
 
Join Date: Oct 2014
Location: Salt Lake City, UT
Programs: AAdvantage Platinum, DL Diamond 1MM, Hyatt Platinum, SPG Gold, Hilton Diamond, AMEX 2015 Centurion
Posts: 323
Originally Posted by carlosmendia
I just applied to DCU, hope to get account opened this week, what are the endorsement requirements? TIA
They actually have the lengthiest endorsement requirements and it seems like every mobile deposit, IME, is manually reviewed by a human to verify correct endorsement. You must sign and date, put your account number and then write "for deposit to dcu.org". If there is anything missing,IME, they will decline your deposit. I have otherwise had no issue with MO deposits with them.
RickyBobby is offline  
Old May 28, 2016, 9:01 am
  #1183  
 
Join Date: May 2015
Posts: 1,066
Anyone have experience with either NorthPoint? I may open a few more accounts just in case one of the jerk banks tries to screw me on Chex.
cdog999 is offline  
Old May 28, 2016, 9:43 am
  #1184  
 
Join Date: May 2016
Posts: 506
Discover Bank send me msg that they will no longer accept MO via app and I'd have to mail it in for deposit.
cashcyclone is offline  
Old May 28, 2016, 9:45 am
  #1185  
 
Join Date: May 2016
Posts: 506
Fifth Third Bank is good for MO via app and they clear after 2 business days.
cashcyclone is offline  

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