Originally Posted by
AugustWest
As for the MO deposits, just curious what would be a reasonable answer to give a teller who asks why I am depositing MOs from myself to myself. So far I have avoided such questions using mobile apps, but I am hitting the limit on those and need to visit the branch....
Tell them you go to car and real estate auctions, where payment is required in cash or certified funds, and you don't want to carry around 50k in blank MOs so you make them to yourself first, then sign over to the seller if needed.