Jan 25, 2014, 11:43 am
Last edit by: ChrisFlyer66
This is a historic thread. Recent discussion on this topic is available here:
http://www.flyertalk.com/forum/manufactured-spending/1819582-banks-allow-money-order-deposits-via-smartphone-atm-2017-a-4.html
Banks that allow Money Order deposits via Smartphone
Allow MO deposits via Smartphone:
Do not allow MO deposits via Smartphone:
Via ATM:
http://www.flyertalk.com/forum/manufactured-spending/1819582-banks-allow-money-order-deposits-via-smartphone-atm-2017-a-4.html
Banks that allow Money Order deposits via Smartphone
Allow MO deposits via Smartphone:
- Simple* (March 2014: People now receiving emails asking source and purpose of MO deposits) (Ref)
15 photo deposit per month and $3000 per deposit (first 5 are limited to $2000). Robust MO reading (Ref) - Citibank (500 first 6 months, 1500 thereafter) Citibank does not allow MoneyGram mobile deposits and most ATMs reject the MO.(Ref)
- SunTrust Only seems to accept WU, posts next day if in before 9pm.
- Everbank ($50K per day total, no check bigger than $50K) (but see report of shutdown
Ref) - Wells Fargo
$2500/day $5000/mo ($1000/day $3000/30days for new accounts < 180 days) (Ref)
user experience: multiple <=$500 (Ref); WU MO (Ref) - DCU
clears immediately (Ref). Very finicky that the MO be filled out completely and the back is endorsed "for deposit only DCU". - UFB Direct
prefers MoneyGram MOs; WU MOs work fine also. (Ref) - USAA (Ref)
No limit known. User experience: $5k/day. Posts instantly. One person reported shutdown after a few months, doing less than 5K mo in MO deposits.(Ref) - Penfed. $5K per day limit. WU works fine. A portion of deposit may be held back for a few days. Doesn't seem to take MG (amount entered doesn't match amount detected error message).
- BB&T. $1,000 per day, $3,000 per month. WU works fine. Doesn't seem to take MG.
- Charles Schwab, depending on account up to 10k/day (While they allow MOs, their app may not be able to read all MOs. MG only work with dark printouts.)
- NorthePointe bank. 10 day hold per new accounts <30 days old.
- Citadel FCU: normally works great with WU, but only do one deposit, small amount first time to test. Increase deposit amount slowly, and do not exceed 2K daily or they may call you and ask what you are doing, or freeze account. Very fraud-conscious at this CU. MO funds avail. within 24 hrs. Apparent $10K/mo limit.
- Clearview FCU
Do not allow MO deposits via Smartphone:
- Bank of America
Not reliable MO reading (Ref)
Effective 2/23 BofA no longer accepts mobile deposits of MOs or TCs. (Ref) - Bank of the West
- Chase
- Fiserv-based credit unions
- Fulton Bank
- Ally
- Capital One 360 (won't accept MO via mail in deposit either)
- Vanguard
- Fidelity MySmart Cash
- Navy Federal Credit Union
- Barclays. The terms state MOs are not allowed. MG worked twice but not again!
- PNC (Ref)
- TIAA-Direct (3 checks per business day, $10K per day) No longer viable after calls by Candy in Sep 2014.
- Eastern Bank. $2500 per day, $7500 per month. Update 3/22/16: Per chat, Eastern no longer accepts MO over Mobile Deposit
- Discover Checking* (NUMEROUS REPORTS MONEY ORDERS ARE NO LONGER ALLOWED)
user experience: <2k (Ref)
?2 days to post (Ref)
?terms do not explicitly state a limit (Ref) - LMCU Will shut down MO deposits for high volume.
- Santander: MG and WU are a no go
- Radius Bank: Mobile deposits no longer allowed
- Amalgamated Bank (cannot deposit MOs via mobile app)
Via ATM:
- Capital One - automatic amount detection (at least for Western Union), posts within 1-3 days
- Chase
about four days to clear (Ref) (Ref) - BoA
may be deposited at ATM (Ref)
(Ref) - Citi
Haven't been able to successfully deposit Western Union but MoneyGram usually works - Citizens: ATM will automatically detect amount as long as ink isn't faded; if read incorrectly or not at all you can manually edit amount
- WF
type in the amounts manually (Ref) - Huntington
- PNC Bank: ATM will automatically detect amount as long as ink isn't faded; told by teller that ATMs have no problems accepting MO deposits
- TD Bank
- USAA
- US Bank, can deposit MoneyGram, but you have to enter the amount manually.
- KeyBank: Will accept Western Union money orders. Refuses to accept MoneyGram (from WM) money orders. Recent 2016 reports of problems and risk of shutdown if going over even just a few thousand a month.
Banks that allow Money Order deposits via Smartphone or ATM(2014-2016)
Jun 21, 2014, 10:28 am
#437
Join Date: Mar 2013
Location: In the ATL
Posts: 156
I fear that the GC->MO game's days are numbered, at least for well-known stores.
Jun 21, 2014, 12:42 pm
#438
Join Date: Feb 2011
Programs: DL DM Hub Captive, Marriott Plat, Hilton Diamond, PC Plat, and other stuff.
Posts: 904
Jun 21, 2014, 1:03 pm
#440
Join Date: May 2010
Programs: Marriott Platinum, Hyatt Diamond, SPG Gold, HH Diamond
Posts: 174
+1000. Especially with everyone here posting the grocery stores they go to, so people don't even have to go to the trouble of inquiring at the stores themselves. My prediction is that mr. bowtie and friends will blog a list of alternative places to buy MO, with referral links of course, and then the countdown will really begin. If you live in a large city with maybe 10 places still safe to buy MO, it can handle maybe 2-3 people buying $1k-$2k per day per location. But once 100 (1000?) people start stopping by, no way will it be business as usual.
As an anecdote, I have a CVS I've been going to for months. Somewhat of a remote location. They know me, I know them pretty well at this point. I ask from time to time whether others are buying large $ of VGC/OV. In the past, they told me they'd get a guy from time to time with a stolen CC, but no one purchasing in volume. Lately, someone else started visiting this location to MS. Now the manager is telling them cash only for all newcomers. If we're making money, someone else is losing money...every revenue stream has a saturation point.
As an anecdote, I have a CVS I've been going to for months. Somewhat of a remote location. They know me, I know them pretty well at this point. I ask from time to time whether others are buying large $ of VGC/OV. In the past, they told me they'd get a guy from time to time with a stolen CC, but no one purchasing in volume. Lately, someone else started visiting this location to MS. Now the manager is telling them cash only for all newcomers. If we're making money, someone else is losing money...every revenue stream has a saturation point.
Jun 21, 2014, 2:15 pm
#441
Join Date: Feb 2010
Posts: 1,263
+1000. Especially with everyone here posting the grocery stores they go to, so people don't even have to go to the trouble of inquiring at the stores themselves. My prediction is that mr. bowtie and friends will blog a list of alternative places to buy MO, with referral links of course, and then the countdown will really begin. If you live in a large city with maybe 10 places still safe to buy MO, it can handle maybe 2-3 people buying $1k-$2k per day per location. But once 100 (1000?) people start stopping by, no way will it be business as usual.
As an anecdote, I have a CVS I've been going to for months. Somewhat of a remote location. They know me, I know them pretty well at this point. I ask from time to time whether others are buying large $ of VGC/OV. In the past, they told me they'd get a guy from time to time with a stolen CC, but no one purchasing in volume. Lately, someone else started visiting this location to MS. Now the manager is telling them cash only for all newcomers. If we're making money, someone else is losing money...every revenue stream has a saturation point.
As an anecdote, I have a CVS I've been going to for months. Somewhat of a remote location. They know me, I know them pretty well at this point. I ask from time to time whether others are buying large $ of VGC/OV. In the past, they told me they'd get a guy from time to time with a stolen CC, but no one purchasing in volume. Lately, someone else started visiting this location to MS. Now the manager is telling them cash only for all newcomers. If we're making money, someone else is losing money...every revenue stream has a saturation point.
Jun 23, 2014, 9:44 am
#442
Join Date: Jul 2012
Programs: AA Plat
Posts: 133
Does anyone have any data points on PNC bank? I'm wondering how much you guys deposit on a monthly basis. I have 3 accounts with them, so I plan on spreading the deposits evenly across the accounts.
Jun 23, 2014, 11:42 am
#443
Join Date: May 2014
Posts: 466
PNC bank is a bank just like any other, so the answer to your question is, "It depends upon your relationship and history with the bank."
Jun 23, 2014, 4:47 pm
#444
Suspended
Join Date: Sep 2013
Posts: 817
Federal law says they must report transactions >10k. Splitting them is a crime, and many banks will close your account if you do it since they can't tell if you're just a points chaser or a drug lord.
Jun 23, 2014, 5:58 pm
#445
Join Date: Oct 2013
Location: WAS
Programs: SPG Plat. Marriott Plat. Hilton Diamond. Hyatt Diamond. IHG Plat.
Posts: 2,580
that's called "structuring" and will set off a bigger red flag than any amount deposited in one account, possibly even get your account shut down.
Federal law says they must report transactions >10k. Splitting them is a crime, and many banks will close your account if you do it since they can't tell if you're just a points chaser or a drug lord.
Federal law says they must report transactions >10k. Splitting them is a crime, and many banks will close your account if you do it since they can't tell if you're just a points chaser or a drug lord.
https://www.pnc.com/webapp/unsec/Bla...Virtual+Wallet
Jun 23, 2014, 9:32 pm
#446
Join Date: Aug 2012
Posts: 142
Appreciate the feedback.
I'm in a small town in the northeast, and my CVS has no one else.
And by the look on the S&S folks when they see my gas rewards balance (double dip, oh yea!) there's very few individuals MS there either.
I'm sure it has it's limit, as do all things, but gotta hit while you can.
I'm in a small town in the northeast, and my CVS has no one else.
And by the look on the S&S folks when they see my gas rewards balance (double dip, oh yea!) there's very few individuals MS there either.
I'm sure it has it's limit, as do all things, but gotta hit while you can.
Jun 24, 2014, 1:46 pm
#447
Join Date: May 2014
Posts: 21
Data Point: Tried PNC mobile deposit; initially posted but then received voicemail today from CSR that the mobile deposits for money orders won't go through & should deposit at on-site location.
Jun 24, 2014, 2:30 pm
#448
Join Date: Jul 2013
Location: Austin
Programs: UA silver
Posts: 71
Had pleasant phone conversation with a discover banking rep... <180 days 2.5k/day 10k/month mobile deposit limits... >180 days 5k/day 25k/month
Jun 24, 2014, 4:17 pm
#450
Join Date: Dec 2009
Location: DEN
Posts: 502
No problems for me, but I only use WU with them. Usually do 2 in a row. Are you using only WU?