Originally Posted by
History05
MO's aren't drawn on any personal account. Again, you can scribble a name in there that you can't even read. It doesn't really matter. If the bank ever asked, you can either be honest, or just say you sell stuff on craigslist and take MO's. But there's really no reason to involve the name of anybody you know. Especially one that banks at the same financial institution. The biggest thing though is DON'T deposit MO's in your usual bank. You should have a separate bank setup just for manufactured spending.
I use 5 big banks and 2 local banks for 5 years depositing about 7k each month to each. (84k to each yearly.. ) never a problem or a call. I use the ATM's and 1 bank have to go to teller. TD bank once called me 1 year ago and asked where I get all the MO I deposit. I tell the truth. I told him I cash in my GC at WM for MO to get the airline points or cash back. They said AOK. So much mis information here. Just dont lie.
Last edited by barrytuneup; Jan 6, 2020 at 12:14 pm
Reason: word