Originally Posted by
RobertHanson
Very simple: people had been using BB that way for a number of years, and until yesterday there were no reported problems with it. There have been reports over time of banks becoming upset when people cycled thousands of $ of MOs thru their checking accounts, as it can easily appear to be money laundering. Plus the worst thing likely to happen with BB was a shut down of BB, whereas the worst case scenario with a major bank is being blacklisted from doing business with them.
From an email sent out by the blogger Frequent Miler today:
"Warning: banks have been known to shut down customers who regularly deposit money orders in large quantities."
Notice it specifically mentions "deposit", and "large quantities", not paying $1K directly to your cc bill at a bank branch. Possibly there have been reports of problems with the later, but I haven't seen any.