Originally Posted by
perkunas
If a MO clears to your bank acct, then gets reversed, is it necessary to wait before re-depositing it to a different bank account?
The situation: I deposited a MG via mobile deposit to a bank. I've done the same MGs to the same bank via mobile deposits in the past in small / sporadic quantities. The deposit cleared and posted as of 9/21. Today I logged-in and I see "Debit Adjustment" on 9/23 for the exact amount of the deposit. I called the bank just wondering what happened since there was no indication of why it was reversed. They CSR had no information from her end about what happened so she seemed to think it was due to me entering the wrong $$ amount or something to that effect. She indicated the only way to deposit it now is to go into a branch of this bank (aka, I cannot try to redeposit to the same institution via mobile app). I do not live near this bank so I'll have to deposit it to a different, local bank... I'm just wondering, should I wait a day or two? Is it possible the MO funds wouldn't be available for the subsequent deposit to alternate bank?
Check with MG as to whether the MO shows cashed or not in their system. Something similar happened to me with WU MO and it took two months to get my money back from WU. I did not attempt to deposit anywhere else because WU showed it was already cashed.