Mar 3, 2014, 9:28 am
Last edit by: uncommonsensical
“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).
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).
My Vanilla debit
Jan 6, 2013, 4:46 pm
#78
Join Date: Aug 2011
Posts: 866
Originally Posted by AllanAtlanta:19987620
I had a Wells Fargo account closed for depositing to many money orders. They didn't care too much when I explained to them there was no risk otheir part. Pretty much just told me it was against their rules and they don't want me as a customer.
I think doing any sort of a large volume would be better with a business account. Or at least an account at a bank you can live without if they shut you down.
Jan 6, 2013, 5:41 pm
#80
Join Date: Oct 2012
Posts: 970
Tens of thousands in a few weeks. Always at ATM in under $10k. I think the key issue was they were from me to me. I think doing any sort of a large volume would be better with a business account. Or at least an account at a bank you can live without if they shut you down.
Jan 6, 2013, 9:32 pm
#81
Join Date: Aug 2011
Posts: 866
I think a few a month can be safe but if you are trying to retire a $60k spend or churn a debit card you need a plan to cash out the money orders. It's kinda funny, first you need a plan to charge up the card, then one to liquidate off the card, and finally a way to redeposit without issues. I guess if it was easy everyone would travel for free...
Jan 7, 2013, 2:20 pm
#82
Used to be garyjr316
Join Date: Feb 2011
Location: LAX or SBA
Programs: AAdvantage, MileagePlus, Gold Passport, Hilton HHonors, Marriott
Posts: 800
I am really surprised that this card/method has not gotten more attention. It seems to be better than some similar options out there. Higher monthly load... easy to liquify... I know it will make me a happy camper.
Jan 7, 2013, 6:35 pm
#83
Join Date: Jan 2003
Location: Fairfield County, CT USA
Programs: AA PLT+2MM / DL DM+1MM / A3 *G / Fairmont LT Plat / Ritz Gold / SPG Gold
Posts: 4,077
Tens of thousands in a few weeks. Always at ATM in under $10k transactions. I think the key issue was they were from me to me.
I think doing any sort of a large volume would be better with a business account. Or at least an account at a bank you can live without if they shut you down.
I think doing any sort of a large volume would be better with a business account. Or at least an account at a bank you can live without if they shut you down.
Non-bank MOs (presumably what you were dealing in) are treated more suspiciously than cash.
Jan 7, 2013, 6:36 pm
#84
Join Date: Jan 2003
Location: Fairfield County, CT USA
Programs: AA PLT+2MM / DL DM+1MM / A3 *G / Fairmont LT Plat / Ritz Gold / SPG Gold
Posts: 4,077
I think a few a month can be safe but if you are trying to retire a $60k spend or churn a debit card you need a plan to cash out the money orders. It's kinda funny, first you need a plan to charge up the card, then one to liquidate off the card, and finally a way to redeposit without issues. I guess if it was easy everyone would travel for free...
Jan 7, 2013, 8:00 pm
#85
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
"Always at ATM" can also be a red flag. (the security Video would not be able to capture your image clearly as versus if you show up at the counter... plus you would not encounter probing questions when only transact at ATM... there the possible red flag...) "Me to me" has never been an issue for me.
Jan 7, 2013, 8:45 pm
#86
Join Date: Aug 2011
Posts: 866
"Always at ATM" can also be a red flag. (the security Video would not be able to capture your image clearly as versus if you show up at the counter... plus you would not encounter probing questions when only transact at ATM... there the possible red flag...) "Me to me" has never been an issue for me.
On a side note, I opened a business account at another bank. I consider this bank disposable as they are small and have very few branches. I got a call after a couple of weeks from one of their guys asking about the MOs. I gave him some vague (but not inaccurate) answer. He asked if I would be upset if they occasionally put a 3-5 day hold on my deposits. I told him it didn't matter to me as I plan to maintain a relatively high balance and he said we should be good. I've been depositing with tellers for them as their ATMs are very old school, they are inside my grocery store and there is never a line for a teller.
Jan 7, 2013, 10:18 pm
#87
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,740
I hear what you are saying but I know a couple of others who ran into similar issues based on a teller thinking their activity was 'unusual'. They ended up in the same boat. I know one was with BoA, not sure on the other. In both cases it was the 'me to me' Money Orders that the bank took issue with. There must be some real risk to the banks to make them close these down so abruptly.
On a side note, I opened a business account at another bank. I consider this bank disposable as they are small and have very few branches. I got a call after a couple of weeks from one of their guys asking about the MOs. I gave him some vague (but not inaccurate) answer. He asked if I would be upset if they occasionally put a 3-5 day hold on my deposits. I told him it didn't matter to me as I plan to maintain a relatively high balance and he said we should be good. I've been depositing with tellers for them as their ATMs are very old school, they are inside my grocery store and there is never a line for a teller.
Jan 8, 2013, 2:31 am
#88
Join Date: Jan 2003
Location: Fairfield County, CT USA
Programs: AA PLT+2MM / DL DM+1MM / A3 *G / Fairmont LT Plat / Ritz Gold / SPG Gold
Posts: 4,077
"Always at ATM" can also be a red flag. (the security Video would not be able to capture your image clearly as versus if you show up at the counter... plus you would not encounter probing questions when only transact at ATM... there the possible red flag...) "Me to me" has never been an issue for me.
I hear what you are saying but I know a couple of others who ran into similar issues based on a teller thinking their activity was 'unusual'. They ended up in the same boat. I know one was with BoA, not sure on the other. In both cases it was the 'me to me' Money Orders that the bank took issue with. There must be some real risk to the banks to make them close these down so abruptly.
On a side note, I opened a business account at another bank. I consider this bank disposable as they are small and have very few branches. I got a call after a couple of weeks from one of their guys asking about the MOs. I gave him some vague (but not inaccurate) answer. He asked if I would be upset if they occasionally put a 3-5 day hold on my deposits. I told him it didn't matter to me as I plan to maintain a relatively high balance and he said we should be good. I've been depositing with tellers for them as their ATMs are very old school, they are inside my grocery store and there is never a line for a teller.
On a side note, I opened a business account at another bank. I consider this bank disposable as they are small and have very few branches. I got a call after a couple of weeks from one of their guys asking about the MOs. I gave him some vague (but not inaccurate) answer. He asked if I would be upset if they occasionally put a 3-5 day hold on my deposits. I told him it didn't matter to me as I plan to maintain a relatively high balance and he said we should be good. I've been depositing with tellers for them as their ATMs are very old school, they are inside my grocery store and there is never a line for a teller.
Jan 8, 2013, 9:44 am
#89
Join Date: Oct 2012
Posts: 970
I hear what you are saying but I know a couple of others who ran into similar issues based on a teller thinking their activity was 'unusual'. They ended up in the same boat. I know one was with BoA, not sure on the other. In both cases it was the 'me to me' Money Orders that the bank took issue with. There must be some real risk to the banks to make them close these down so abruptly.
Me to me MOs - how do they know who ordered the MO? No names are on them other than the recipients name, correct? About the only way I can see them discovering who the purchaser is, is if you bought the MO at the same bank you deposit them with. I don't think me to me makes much difference - it's simply the fact you are depositing MOs in the first place that raises red flags - at least if you do it in any quantity...
Jan 8, 2013, 10:02 am
#90
Used to be garyjr316
Join Date: Feb 2011
Location: LAX or SBA
Programs: AAdvantage, MileagePlus, Gold Passport, Hilton HHonors, Marriott
Posts: 800
Uh oh... apparently I shouldn't have said that this method should be getting more attention. I'm getting angry PM's yelling at me... 