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Old Jan 6, 13, 4:23 pm
  #74  
NYBanker
 
Join Date: Jan 2003
Location: Fairfield County, CT USA
Programs: AA PLT+2MM / DL DM+1MM / A3 *G / Fairmont LT Plat / Ritz Gold / SPG Gold
Posts: 4,077
Originally Posted by AllanAtlanta View Post
I had a Wells Fargo account closed for depositing to many money orders. They didn't care too much when I explained to them there was no risk otheir part. Pretty much just told me it was against their rules and they don't want me as a customer.
This is an important lesson. MOs, particularly non-bank MOs, are treated with suspicion by banks. No legitimate business in scale is conducted with these instruments. I'd far prefer to deposit $4,000 in cash than $4,000 in random money orders between $500 and $1,000 each.

Could you elaborate on how much (amount, quantity per deposit, frequency of deposits) you were doing?
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