Jan 25, 2014, 11:43 am
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:
Do not allow MO deposits via Smartphone:
Via ATM:
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.
Banks that allow Money Order deposits via Smartphone or ATM(2014-2016)
Feb 11, 2014, 7:50 pm
#106
Join Date: Jun 2013
Posts: 44
Regions Bank has ATM deposits. They take both MG and WU MOs. Clears in about 2 days. And they don't seem to care about volume, been doing about 60k/mo for more than a year.
Feb 12, 2014, 6:23 am
#107
Join Date: Jul 2013
Posts: 227
Cash derived from 3xMVD cards CA's and from Visa BUXX ATM withdrawals.
Feb 12, 2014, 8:31 am
#109
Join Date: Jan 2013
Location: Chicago
Posts: 425
I answered this in another thread but some of us likely bank at banks with no local branches. I bank with USAA. The only way for me to deposit cash, most unfortunately, is to buy money orders and deposit those money orders. I should probably change banks but USAA has been really great for the past ten years.
Feb 12, 2014, 6:06 pm
#110
Join Date: Jan 2014
Posts: 18
I answered this in another thread but some of us likely bank at banks with no local branches. I bank with USAA. The only way for me to deposit cash, most unfortunately, is to buy money orders and deposit those money orders. I should probably change banks but USAA has been really great for the past ten years.
A cashier's check should deposit just as easy as a money order with Simple or other banks.
Feb 12, 2014, 7:24 pm
#111
Join Date: Apr 2012
Location: Austin TX
Posts: 276
Simple no longer seems to have a wait time, I got an invitation the next day.
Feb 12, 2014, 7:36 pm
#112
Join Date: Jan 2013
Location: Chicago
Posts: 425
Why not get a cashier's check from any big bank? A local CU might be even be cheaper and probably wouldn't require you to be a member for a cash transaction. The appeal of a MO is to use debit. For $15k - $20k cash deposits a month a $5 cashier's check is a better option than 15+ money orders.
A cashier's check should deposit just as easy as a money order with Simple or other banks.
A cashier's check should deposit just as easy as a money order with Simple or other banks.
a. most big banks require you to be a customer in order to purchase a cashier's check. I have at least twenty banks within a mile of me. All require a customer relationship when purchasing cashier's check.
b. there really aren't any credit unions within my immediate vicinity.
c. money orders are free where I purchase them.
Feb 13, 2014, 8:44 am
#113
Join Date: Jan 2014
Location: SEA
Posts: 40
Did anyone else get this email from BOA ? Looks like no more MO deposit to BOA via smartphone.
To:
Date: 02/13/2014
Starting on 02/23/2014, we'll no longer accept money orders or travelers checks for deposit through our Mobile Banking application.
What you need to know
Personal and business checks can still be deposited using the mobile app.
Money orders and travelers checks may be deposited at any Bank of America banking center or ATM.
We're here to help
We appreciate the opportunity to serve you and your financial needs. If you have any questions, please call us toll-free at 800.933.6262, Monday through Friday from 7 a.m. to 10 p.m. or Saturday and Sunday from 8 a.m. to 5 p.m. local time.
To:
Date: 02/13/2014
Starting on 02/23/2014, we'll no longer accept money orders or travelers checks for deposit through our Mobile Banking application.
What you need to know
Personal and business checks can still be deposited using the mobile app.
Money orders and travelers checks may be deposited at any Bank of America banking center or ATM.
We're here to help
We appreciate the opportunity to serve you and your financial needs. If you have any questions, please call us toll-free at 800.933.6262, Monday through Friday from 7 a.m. to 10 p.m. or Saturday and Sunday from 8 a.m. to 5 p.m. local time.
Feb 13, 2014, 8:46 am
#114
Join Date: Feb 2014
Posts: 7
a data point from BoA
Starting on 02/23/2014, we'll no longer accept money orders or travelers checks for deposit through our Mobile Banking application.
What you need to know
Personal and business checks can still be deposited using the mobile app.
Money orders and travelers checks may be deposited at any Bank of America banking center or ATM.
Starting on 02/23/2014, we'll no longer accept money orders or travelers checks for deposit through our Mobile Banking application.
What you need to know
Personal and business checks can still be deposited using the mobile app.
Money orders and travelers checks may be deposited at any Bank of America banking center or ATM.
Feb 13, 2014, 9:01 am
#115
Join Date: Feb 2012
Location: Los Angles
Posts: 2,101
I get 10x$1000 MO every month, how do I bill Pay AmEx credit card ? (no more bill pay option at Walmart)
Feb 13, 2014, 9:13 am
#116
Join Date: Feb 2014
Posts: 46
Last Dec I tried to deposit $2000 MO (Western Union) to Discover by mobile, but three days later I got a message said it was failed. I called and was told it was not allowed to deposit MO by mobile.
Next time I'll try $1000 to see what will happen
Next time I'll try $1000 to see what will happen
Feb 13, 2014, 9:46 am
#117
Join Date: May 2013
Posts: 939
Did anyone else get this email from BOA ? Looks like no more MO deposit to BOA via smartphone.
To:
Date: 02/13/2014
Starting on 02/23/2014, we'll no longer accept money orders or travelers checks for deposit through our Mobile Banking application.
What you need to know
Personal and business checks can still be deposited using the mobile app.
Money orders and travelers checks may be deposited at any Bank of America banking center or ATM.
We're here to help
We appreciate the opportunity to serve you and your financial needs. If you have any questions, please call us toll-free at 800.933.6262, Monday through Friday from 7 a.m. to 10 p.m. or Saturday and Sunday from 8 a.m. to 5 p.m. local time.
To:
Date: 02/13/2014
Starting on 02/23/2014, we'll no longer accept money orders or travelers checks for deposit through our Mobile Banking application.
What you need to know
Personal and business checks can still be deposited using the mobile app.
Money orders and travelers checks may be deposited at any Bank of America banking center or ATM.
We're here to help
We appreciate the opportunity to serve you and your financial needs. If you have any questions, please call us toll-free at 800.933.6262, Monday through Friday from 7 a.m. to 10 p.m. or Saturday and Sunday from 8 a.m. to 5 p.m. local time.
Feb 13, 2014, 9:56 am
#118
Join Date: Aug 2013
Posts: 1,207
I got the message too. Ive had my account for almost 10 years, and have only ever deposited four money orders into my account over the past 10 years (I use other accounts for that), only two were through mobile deposit. So, doesnt seem to be user specific in the regard of heavy or active usage. Actually I came to the thread to come post the same info as I just got it in my email about 5 minutes ago.
Feb 13, 2014, 11:38 am
#119
Join Date: Apr 2012
Location: Austin TX
Posts: 276
Open an account with a back that allows MO deposits and use their bill pay. Since Simple encourages MO deposits it seems to be a good option. Several of us are trying it out right now and so far it is pretty good. 9 day holds on MO deposits at first, but that is fairly easy to plan around.
Feb 16, 2014, 6:52 am
#120
Join Date: Dec 2013
Location: Midwest
Programs: DL DM
Posts: 401
Cant edit the wiki, but just ran into a 10 checks in 7 days limit with Simple.