My Vanilla debit

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Old Mar 31, 14, 8:43 am   -   Wikipost
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Wiki Link
“My Vanilla Personal Reloadable Prepaid Debit Visa card”
https://www.myvanilladebitcard.com

FAQs: https://www.myvanilladebitcard.com/myvanilla/faq.html
T&C: https://www.myvanilladebitcard.com/m...Policy_ENG.pdf
Fees: https://www.myvanilladebitcard.com/m...RhFOmbp3hiKogJ

There isn't a bill pay function with MVD.

How do I load funds onto MVD? There are two primary ways to load funds onto your MyVanilla Card: 1) Direct Deposit (direct deposit all or part of your paycheck, social security, even your tax return refund right onto your MyVanilla Card); 2) At any Vanilla Reload Network retailer; just bring your Card and the amount you want to load onto your Card - Note: This can be either purchasing a Vanilla Reload card or possibly using a retailer with loading function on the cash register such as CVS. $3.95 fee applies to both methods.

CVS Credit Card Load Data Points:
Credit Cards used treated as a purchase:
FIA Fidelity Amex

Credit Cards used treated as a cash advance:
??

What is the load limit? You can load a maximum of $500.00 per day onto your Card, and there is a $2,500.00 total maximum deposit limit per day from all deposit sources (loads and ACH direct deposits). The daily ATM withdrawal limit is $400.00. The daily Cash Advance or "Over the Counter" limit at a bank is reported as $2,500.00/day. Some reports that this is actually / month. Maximum loaded amount on MVD card is $9,999.

If you can find Vanilla Reload cards that you can purchase with a credit card, max out by getting up to 3 registered MyVanilla Debit cards and you can load up to $2500 x 3 per day. And if you have a bank near you that will give you cash advances, you can take the full balance off each card for a $1.95 cent fee.
If you do not have Vanilla Reloads available near you, you want to find a bank that will allow you to cash out temporary cards. These are the ones you buy at CVS for $500 plus $3.95 fee and then cash them out en masse for a 50 cash advance fee apiece.
In Essence
Get new cards, spend some random amount and then get put in shutdown mode to spend off what is left, unless you utilize one old weird trick that prevents shutdown mode.

Liquidating a shut down account as of 3.31.2014
Various reports, and I can also confirm- If you receive the "invalid username or password" message when trying to access your account online, that's the indicator that you have been shut down. Check again for a day or so (just to make sure it wasn't an issue with their website). If still unable to access- you've been shut down.

If you don't want to call and talk to them, you can confirm yourself whether your account is still alive to liquidate by calling 855.686.9513. If you are able to hear your balance, you can liquidate- and you can liquidate quickly without any problem. I liquidated $8,200 over the weekend: 5k Saturday, the remainder Sunday (Walmart BillPay and MO).
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Old Jan 1, 13, 1:51 pm
  #16  
 
Join Date: May 2010
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Originally Posted by mkarolian View Post
I've not tried it, but I wonder if you were just upfront with them about what you were doing... I assume most tellers would kinda get it and let it happen.
Right, because there's no oversight of the tellers actions at a bank? No teller I work with is going to risk their neck and try to keep things under the table.
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Old Jan 1, 13, 2:01 pm
  #17  
 
Join Date: Jan 2012
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This is a great way to get on the money-laundering watchlist. Cash-advances on prepaid cards, come on?

What a stupid idea.
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Old Jan 1, 13, 2:04 pm
  #18  
 
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Originally Posted by mkarolian View Post
I've not tried it, but I wonder if you were just upfront with them about what you were doing... I assume most tellers would kinda get it and let it happen.
Tellers aren't CVS employees, who get a few hours of training. This plan is going to cause a lot of people a huge headache

While I consider myself quite risky with my credit score, I would never ever want to mess with SARs (Suspicious Activity Reports) from the bank.
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Old Jan 1, 13, 2:04 pm
  #19  
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I would suggest giving a retainer to a lawyer if you're going to try this.
Cheers
Howie
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Old Jan 1, 13, 2:15 pm
  #20  
 
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Originally Posted by Richklhs View Post
Walking into a bank with a temp card with no name on it and asking for $499.50 is sketch. Do it at your own risk
Maybe VFTW can actually try doing this several times and report on the results rather than just encouraging others to do it...not holding my breath though
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Old Jan 1, 13, 4:12 pm
  #21  
 
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Why would there be a tax bill ?! If you did it right you might even have an argument for a tax break. Buy GC 504.95 with Act fee. Get $499.50 back. Last time I checked that's a loss. Doesn't matter if you get a 1099 as long as you kept a clear paper trail of what you did. Where funds came from and went too. Just saying. I'm not going to get involved in though.
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Old Jan 1, 13, 6:03 pm
  #22  
 
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Originally Posted by MSPDeltaDude View Post
Why would there be a tax bill ?! If you did it right you might even have an argument for a tax break. Buy GC 504.95 with Act fee. Get $499.50 back. Last time I checked that's a loss. Doesn't matter if you get a 1099 as long as you kept a clear paper trail of what you did. Where funds came from and went too. Just saying. I'm not going to get involved in though.
Great point, I think I am going to be like that old Kansas City mob boss in the Movie Casino who kept records of everything in that little grocery store he had. Remember how he complained about not getting reimbursed for the trips to Vegas. My 2013 Resolution will be to put everything I do on a spread sheet and remember to skip this deal and stay out of my local banks.

Last edited by philemer; Jan 1, 13 at 6:08 pm Reason: removed inappropriate comment
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Old Jan 1, 13, 8:35 pm
  #23  
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One of the biggest limitation of cashing out MVD is it only allows 3 cards per SSN if there are no VR to be purchased. I saw people asking Dan on his post regarding to get over this 3 cards limitation but Dan refused to answer this question in his post. I rather use to buy VR and load it to my BB.
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Old Jan 1, 13, 9:08 pm
  #24  
 
Join Date: Apr 2006
Posts: 1,167
Wouldn't a constant renewal of MVD with VR followed by cash out with cash advance lead to closure of the MVD?
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Old Jan 2, 13, 10:59 pm
  #25  
 
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I got one today, set it up online and now waiting for the permanent card to arrive.

I then think about going to my local bank and say "you know, I sell drugs for a living and one of my clients paid me with this card, can you cash it out for me, thanks sweetheart?"

Ok, on a serious note. I have plenty of VRs around me and a fairly high estimated tax payment coming up. Can I load the baby and then pay my taxes with it in ONE payment? I should pay the .50 cents fee and the $3.49 fee the tax payment processor charges on debit cards.

Thoughts?
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Old Jan 2, 13, 11:02 pm
  #26  
 
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If you wanna give out your SSN, DOB, and full contact info to these guys, great. I don't.

For me, BB does the VR trick, when they're available. Tried and true. Legit. So far, under the radar.

And to mess with federal tax payments with potential penalties if InComm causes a hiccup?
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Old Jan 3, 13, 5:25 am
  #27  
 
Join Date: Apr 2006
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I think if MVD works for tax payments then it works. The acceptance company will either get an approval or denial when they try to run it. I think the larger issue may be a transaction or daily limit with MVD, which would limit its utility for a larger tax payment.
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Old Jan 3, 13, 9:53 am
  #28  
 
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Originally Posted by gpapadop View Post
Ok, on a serious note. I have plenty of VRs around me and a fairly high estimated tax payment coming up. Can I load the baby and then pay my taxes with it in ONE payment? I should pay the .50 cents fee and the $3.49 fee the tax payment processor charges on debit cards.
Thoughts?
T&C says max $3k/day spend on card, though we all know T&C's are not always correct on what true limits are. Anyone do a tax payment for $3.49 debit fee or exceed this max spend/day on card yet?
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Old Jan 3, 13, 12:25 pm
  #29  
 
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To cop a line from another poster on another topic "the FlyerTalk fail is strong in this thread".

Last edited by StrategicVacation; Jan 3, 13 at 5:21 pm Reason: Attempting to please strangers on the internet
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Old Jan 3, 13, 12:29 pm
  #30  
 
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Originally Posted by StrategicVacation View Post
29 doubter posts with predictions of certain doom butnot a single one by a person with actual information or experience. Not a single one of you has actually tried to do this even once as far as I can tell. To cop a line from another poster on another topic "the FlyerTalk fail is strong in this thread".

I successfully cashed out two temporary MVDs at my bank for $500 each, explaining that I had received them as Christmas gifts and asking to deposit the money into my account. No problems. I had registered these two cards, however, so I don't know if it would have worked with unregistered cards. I would like to hear from someone who actually tried it with unregistered cards. My impression is that the worst thing that can happen is they say "no" or that the authorization does not go through.
Why not tell them the truth?
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