Why you make things complicated to use 5 cards in purchase? What purpose(s) this would serve?

With this type of things, wouldn't Keep It Simple being the best approach? Why creates rooms for errors especially it is such an uncharted water? (how MVD would take a refund from the merchant.)

I had similar situation last month. The cash register frozen and MO did not get printed out after I entered the pin for the MVD card. first, call WM cash office to ensure that the transaction has been cancelled. Calling MVD is no help. MVD has a monthly process running at the end of each month to look for those zombie transactions, and credit your account accordingly. so you have to wait for almost one month.

This has happened to me yet again. I'm surprised that more people are not encountering this issue. My pending cash advance transactions have remained on my account indefinitely even after they become completed. Is this a widespread issue that others have been facing? If not, I wonder why it's happened to me twice already.

Actually, just wait 5-7 business days and the funds will post back to your account. Happened to me, middle of month, didn't have to wait until end of month. However, even with that money posting back, you lost out on that spend amount for the month...credit backs do not subtract from your monthly limits.

With that said, there is enough info on here already. For the sake of not ruining this for everybody, I suggest we go to PM's with questions. You can search this thread and find several people saying they can answer questions via PM. I'd be happy to answer any questions people have, but to keep doing so in the open is risky. I stayed away for awhile, but got sucked back in to commenting on stuff, but I agree with several others, it is better to let this thread kind of fade away, IMO.

If it can be avoided, stop doing cash advances.

These are the riskiest transactions for an issuer, and the most likely to raise red flags.

Wherever you might live, there is a guaranteed post office somewhere nearby.

If the card is working fine (not like a few months ago when debits failed), cash advances are not necessary, and will lead to the downfall of this product.

That seems like hogwash. Debit card cash advances from outside accounts are no more inherently risky than any other transaction for banks, especially if you are a member of that bank.

Not from the bank's perspective, but from MVD.

The card is already not being used as intended. Too many cash advances and MVD might really start balking.

Can you PM as I would like to know. Thanks.

Why Cash advances are 'riskiest' than any other transaction? the value to this card is in 'CA' other than that is useless... we share the knowledge here and not the 'Un-knowledge'

They are the riskiest for an issuer because you don't enter your pin, and you get cash. very simple

There is still plenty of value without doing cash advances.

I feel like this is a losing fight here :rolleyes: Use some common sense and the likelihood of keeping the train rolling increases.

no, it isnt. cash advances for thousands, let alone cash advances on a regular basis on a product catered especially to low(er) income users are a code red.

i know what you are going to say.."the same could be said for actual purchases" but purchases do not equal cash advance.

sorry to say it, but i really hope they come down on the heavy cash advancers and your SSN are simply banned at the issuing bank level (which happens to be the most popular for prepaid debit products). If that happens you will miss quite a few opportunities in the years ahead. all because you cant add an extra step to your methods.

Hey guys,

Long time lurker popping in from FWF. I agree with Rivler. There have been a lot of cards in the past that we've been able to use for MO's for a long long time.

On the other hand, we know that CAing used to be available for gift cards, but that that loophole was closed long ago.

On the whole, these institutions are watching CAs because they stand out, and, as we know, as soon as they look at our accounts for more than 5 seconds, they're TOAST!

I load my 2 MVDs with 1k each, every day for an easy 2,000 SPG points and buy 2 x $998 MOs at the post office. 10 minutes of effort, 2,000 SPG points for $15 (VR fees + MO fees). The CA transaction can't be any faster than a MO purchase, can it?

Financial institutions discourage(they can) Cash Advances because it 'directly' depletes their deposits (they don't like it), their borrowing ability from the federal Reserve depends on the deposits. Other trans like purchases/MO etc. they have no control. I don't think CA is more risk than any other transaction...

I'm sorry, but I still feel it's hogwash. Interest rates are so low right now that Bancorp could not care less.

They make money through transaction fees, from the card reload fees, from ATM fees, and through float.

If you feel bad about CA'ing off the card, do Bancorp a favor and buy some gum a few times a week to give them an extra $.50 kickback. Otherwise, stop being alarmist.