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)
Dec 9, 2014, 5:09 pm
#676
Join Date: Jun 2014
Programs: Delta, Hilton Honors, SPG, Marriott, Hyatt
Posts: 672
I have Charles schwab investment bank, there is no limit on mo deposits. And they actually even prefer you deposit with money order or cashier check.
Not to mention their fee free atm anywhere in the world with their debit card. And they'll return you the fees from other owner's atm.
Not to mention their fee free atm anywhere in the world with their debit card. And they'll return you the fees from other owner's atm.
Jan 1, 2015, 9:56 am
#677
Join Date: Nov 2014
Location: NYC
Posts: 158
(The wiki above says that BoA ATMs take MO deposits.)
A few days ago I went to a BoA branch and deposited a Moneygram MO (from WM) at the teller. I asked the teller if I could have deposited it at the ATM, and he said that I couldn't because the MO was too wide, but if I had a smaller one I could.
A few days ago I went to a BoA branch and deposited a Moneygram MO (from WM) at the teller. I asked the teller if I could have deposited it at the ATM, and he said that I couldn't because the MO was too wide, but if I had a smaller one I could.
Jan 1, 2015, 11:17 am
#678
Join Date: Jan 2010
Posts: 1,708
(The wiki above says that BoA ATMs take MO deposits.)
A few days ago I went to a BoA branch and deposited a Moneygram MO (from WM) at the teller. I asked the teller if I could have deposited it at the ATM, and he said that I couldn't because the MO was too wide, but if I had a smaller one I could.
A few days ago I went to a BoA branch and deposited a Moneygram MO (from WM) at the teller. I asked the teller if I could have deposited it at the ATM, and he said that I couldn't because the MO was too wide, but if I had a smaller one I could.
Jan 1, 2015, 4:04 pm
#679
Join Date: Feb 2014
Posts: 511
On the flipside, I'd stay away from Schwab/Fidelity/etc. They operate primarily as brokers and you're essentially opening investment accounts, not checking accounts.
Broker-dealers are going to pay a lot closer attention to what goes in and out of their accounts. I imagine that might be part of the reason people have some issues with Chase - their fraud/investigative departments are going to overlap with the investment banking side. These entities spend a lot more money on fraud/risk prevention because of added scrutiny from various federal authorities since the 2008 crash. More eyes and more dollars = more chance of shutdowns.
Jan 1, 2015, 9:07 pm
#680
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,762
Schwab doesn't have much, if any, physical brick and mortar bank presence - so you have to deposit via ACH / cashier's check /etc.
On the flipside, I'd stay away from Schwab/Fidelity/etc. They operate primarily as brokers and you're essentially opening investment accounts, not checking accounts.
Broker-dealers are going to pay a lot closer attention to what goes in and out of their accounts. I imagine that might be part of the reason people have some issues with Chase - their fraud/investigative departments are going to overlap with the investment banking side. These entities spend a lot more money on fraud/risk prevention because of added scrutiny from various federal authorities since the 2008 crash. More eyes and more dollars = more chance of shutdowns.
On the flipside, I'd stay away from Schwab/Fidelity/etc. They operate primarily as brokers and you're essentially opening investment accounts, not checking accounts.
Broker-dealers are going to pay a lot closer attention to what goes in and out of their accounts. I imagine that might be part of the reason people have some issues with Chase - their fraud/investigative departments are going to overlap with the investment banking side. These entities spend a lot more money on fraud/risk prevention because of added scrutiny from various federal authorities since the 2008 crash. More eyes and more dollars = more chance of shutdowns.
Schwab takes MO or Cashier Check deposits happily at their local broker offices for your checking account. In fact the broker office does NOT accept cash.
Jan 2, 2015, 3:40 pm
#681
Join Date: Dec 2014
Posts: 57
You do not need a broker account to have a Schwab checking account. Totally independent although if you have both, you can see both under same log in.
Schwab takes MO or Cashier Check deposits happily at their local broker offices for your checking account. In fact the broker office does NOT accept cash.
Schwab takes MO or Cashier Check deposits happily at their local broker offices for your checking account. In fact the broker office does NOT accept cash.
Jan 5, 2015, 1:56 pm
#682
Join Date: Apr 2004
Location: CA
Posts: 1,304
discover bank's app does not take MO. tried it few times and all got rejects
Jan 5, 2015, 2:19 pm
#683
Join Date: May 2014
Posts: 145
I have deposited 2-3 checks per months on mo with my mobile phone and all went thru as I was oversea in Taiwan withdrawing NT dollars.^
Jan 7, 2015, 7:11 am
#685
Join Date: Jun 2014
Programs: Delta, Hilton Honors, SPG, Marriott, Hyatt
Posts: 672
Schwab doesn't have much, if any, physical brick and mortar bank presence - so you have to deposit via ACH / cashier's check /etc.
On the flipside, I'd stay away from Schwab/Fidelity/etc. They operate primarily as brokers and you're essentially opening investment accounts, not checking accounts.
Broker-dealers are going to pay a lot closer attention to what goes in and out of their accounts. I imagine that might be part of the reason people have some issues with Chase - their fraud/investigative departments are going to overlap with the investment banking side. These entities spend a lot more money on fraud/risk prevention because of added scrutiny from various federal authorities since the 2008 crash. More eyes and more dollars = more chance of shutdowns.
On the flipside, I'd stay away from Schwab/Fidelity/etc. They operate primarily as brokers and you're essentially opening investment accounts, not checking accounts.
Broker-dealers are going to pay a lot closer attention to what goes in and out of their accounts. I imagine that might be part of the reason people have some issues with Chase - their fraud/investigative departments are going to overlap with the investment banking side. These entities spend a lot more money on fraud/risk prevention because of added scrutiny from various federal authorities since the 2008 crash. More eyes and more dollars = more chance of shutdowns.
Jan 14, 2015, 7:27 pm
#686
Join Date: Dec 2009
Location: Chicago
Programs: Hilton, BA, AA, SPG
Posts: 49
Depositing the MOs
Thoughts and opinions on depositing the MOs.
Never had problems before but all of a sudden my bank where my checking account is has an issue with all the deposits.
Thoughts please.
Thank you.
Never had problems before but all of a sudden my bank where my checking account is has an issue with all the deposits.
Thoughts please.
Thank you.
Jan 14, 2015, 8:41 pm
#688
Join Date: Dec 2009
Location: Chicago
Programs: Hilton, BA, AA, SPG
Posts: 49
MB
I'm really looking for info on where and how are people depositing all the MOs.
The other thread has some info on it but if there is another thread with info on it I would appreciate it.
Where are all the people depositing the 100k/mo.+ in MOs?
I'm really looking for info on where and how are people depositing all the MOs.
The other thread has some info on it but if there is another thread with info on it I would appreciate it.
Where are all the people depositing the 100k/mo.+ in MOs?
Jan 14, 2015, 9:06 pm
#689
Join Date: Jan 2010
Posts: 1,708
That's how it typically works. Everything is fine until one day they close your account or ask you to take your business elsewhere. I think all banks tend to get tired of it after a while. How long have you been depositing MO into that bank and how much per month?
Jan 15, 2015, 11:11 am
#690
Join Date: Sep 2011
Posts: 268
Any limit on how much we can deposit MOs on DCU? I have 2K MOs and wanted to know before I deposit thru Mobile App.
Thanks in advance.
Thanks in advance.