I simply check my acct bal before heading to a bank, deduct $1.95 (cost of the CA) and tell the teller how much to make the Deposit (CA) for. eg, I have $5000.95 in my MVD acct so I tell the teller I want to deposit $4999.They deposit $4999 into my acct and the next day my MVD bal will be $0 ($4999 + the 1.95 MVD fee)

Now if I wanted an even $5000 amount as my deposit then I would hand the teller a $1. No matter how much a person hands the teller MVD will still take its $1.95 from your acct.. So unlike WM where you can pay the MO fee with cash (but not MVDs $.50 fee) it cant be done with CAs, so people plan accordingly and you shouldnt run into any problems

Never went with a neg MVD bal

I didn't know this, but irrelevant to me because mine never goes inactive for long.

More precise than what I do, but as I don't mind the couple dollars remainder (as I know I'll be cycling again soon anyway), I don't bother even with the simple math. But, yeah, you have it down pat.

I got shutdown with a 7-8K balance. Did my usual of loading it up, letting it sit 1-2 weeks and starting to draw it down. They closed it. First, told me that I immediately loaded and unloaded it. Nope. Then, they said that I couldn't make large withdrawals. W/E. Sucks to lose it, though. I had it for about three months.

Bottom line, be consistent, but be prepared to get shut down.

Mike

I know there was some discussion of cash advance limits many pages back , but I wanted to report on my first experience with MVD (jumped in feet first as I have more VRs available to me than I can handle through BB) which is inconsistent with what has generally been reported here.

I walked into my local Citi branch yesterday and asked for a CA of $9400. First was told that Citi's internal CA limit is $5,000. Okay, so I asked for $5,000. Teller tried to run the transaction, but it failed. He suggested that perhaps the issuer has its own limit. I asked him to try $2,500, and it worked.

Has anyone else run into CA limits on the MVD side of things? Did I do something wrong? I'd like to do bigger CAs to (a) cut down on my trips to the bank, and (b) avoid unnecessary fees.

Does the black MVD tmp card need to be activated online or via phone before used in store as a visa credit card? Thanks.

In the past you were able to receive a CA for more than $2,500, but the T&Cs state that $2,500 is the limit. So if you're doing CAs, I would abide by the T&Cs. You may still get shut down, but why give Incom another reason to do so for little additional gain ($1.95 per CA)?

Is 5-6k in transactions per month a safe bet?

when is this new CA limit effective? I did a CA on 9/3 for $9K without any issue.

Day 1.

Avoid Citi and TD bank. Both have 5K limit.

Probably with recent software update that they are actually enforcing it. Just like the fee amount, T&C has always stated $1.95 for CA but in the early days of MVD, they actually on charge $0.50.

Citi would also have 2 authorizations on the card, leaving 1 authorization never drops off, thus effectively kill your card if you do not want to call MVD to clear that up.

That must have been implemented yesterday after 9:15am, since @ 9:12am I had no problems doing another $5k CA, just as I have numerous times before that

Ive only used Citi and never had the problem youre talking about, maybe its depends on 1 status level with Citi

No idea about Status. But it has happened to a Citi Gold customer. I do not use Citi but this has happened to 3 persons I know a few months ago.

What Citi system did was, it authorized it one time, then it authorized one more time when the cash was paid. Since there was no "billing" to offset the 1st authorization - that one stayed on the card. This is no different than how hotel authorization work on an award stay, for example. EXCEPT, MVD is not a normal credit card, nor a normal debit card of a normal bank account, so the authorization stays and creates a deduction of the amount authorized.

May be Citi finally fixes this bugs in its software as these incidents were discovered and reported from the beginning of MVD gig.

You do realize a Cash Advance actually is run as a POS Sale treating the MVD (or any bank's check cards) as a Credit Card, right? That is how it is being processed, and why no PIN is ever needed.

In fact many banks told their customers to get around their daily withdrawal limits on the check card by doing a Cash Advance at any bank's counter. I personally heard a BofA CS manager told this to a new customer. The limit BofA imposed on its own check cards is $2500 a day thru Cash Advance, btw.

MVD does not seem to have ability to enforce the $2500 a day limit as you already reported. Though doing several $5K a pop in a month is a good way to get shut down.