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Thread: Suspicious Activity Reports to the IRS when buying or depositing money orders.
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Old Feb 4, 2014 | 10:25 am
  #647  
PaulMSN
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Originally Posted by happy9zz
"I use my prepaid giftcards to buy MO's at Walmart, then I use my MO's to deposit into my bank." Will I have a problem? I want to make sure before I tell the truth.
When I was asked at my CU, I replied "To get frequent flyer miles". The teller just laughed and completed my deposit. No one at CVS or WM has asked why, but I think the CVS clerks have a pretty good idea -- they're quite used to people coming in and buying $500 GCs.
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