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)
Feb 7, 2014, 6:49 am
#91
Join Date: Jul 2012
Location: PA
Posts: 126
Opened Simple (via healthnut's referral) on Wednesday. Account was approved and I deposited first MO 1 day later (Thursday). During the deposit process I was notified that for new accounts, there is a 9 day hold on funds deposited. Has anyone else had this experience.
Feb 7, 2014, 7:39 am
#92
Join Date: Apr 2012
Location: DTW
Programs: UA, SW, AA
Posts: 93
Yes. Part of their procedure for new accounts.
Feb 7, 2014, 10:07 am
#93
Join Date: Sep 2007
Location: Chicago
Programs: AA, BA, CX, DL, EK, F9, GA, HA, IB, JL, KE, LH, MH, NH, OS, PG, QR, RJ, SA, TG, UA, VN, WN, ZH
Posts: 927
Feb 7, 2014, 10:24 am
#95
Join Date: Feb 2006
Programs: HH Gold (again), US/UA/DL non-elite, ZE Presidents Circle, WN reluctant no fee convert.
Posts: 1,449
The restriction to hold the MO deposits 9 days (as in seniority of account over time) or when does the hold restriction recede?
Have a good day everyone!
Have a good day everyone!
Feb 7, 2014, 10:30 am
#96
Join Date: Aug 2009
Location: RDU
Programs: A few
Posts: 5,499
the latter... i.e. how many deposits do you need to do before you start getting money clearing quickly (and to keep those early deposits low so as not to tie up cash)
Feb 7, 2014, 11:02 am
#97
Join Date: Sep 2007
Location: Chicago
Programs: AA, BA, CX, DL, EK, F9, GA, HA, IB, JL, KE, LH, MH, NH, OS, PG, QR, RJ, SA, TG, UA, VN, WN, ZH
Posts: 927
Feb 7, 2014, 1:18 pm
#98
Join Date: May 2012
Posts: 157
Got my Simple card today and am pleased to employ it in the circle of life...
Namely, decreasing the cash deposits required from MVDx3, Buxx, and so forth activities (I detest WM BP process... namely cashiers...).
Everything I've read and imagine about red flags surrounds excessive cash deposits.
I read the Simple FAQ and it turns out that USPS MO mobile deposits post within 1 day, and funds are fully available (vs. several business days with other MOs).
ACH xfers are allowed and free. Bang... two waltz steps into my MS checking acct (which already experiences several MO paper deposits per month). This'll just look like direct deposit.
USPS $1k MO costs $1.60. Adds $0.90 to the equation (vs. WM MO), but is well worth it, IMO.
Unrelated side note: Their marketing & packaging team should get some kudos, for adhering to their namesake. It's hard to get more spartan than Apple products, but Simple succeeded. ^
Namely, decreasing the cash deposits required from MVDx3, Buxx, and so forth activities (I detest WM BP process... namely cashiers...).
Everything I've read and imagine about red flags surrounds excessive cash deposits.
I read the Simple FAQ and it turns out that USPS MO mobile deposits post within 1 day, and funds are fully available (vs. several business days with other MOs).
ACH xfers are allowed and free. Bang... two waltz steps into my MS checking acct (which already experiences several MO paper deposits per month). This'll just look like direct deposit.
USPS $1k MO costs $1.60. Adds $0.90 to the equation (vs. WM MO), but is well worth it, IMO.
Unrelated side note: Their marketing & packaging team should get some kudos, for adhering to their namesake. It's hard to get more spartan than Apple products, but Simple succeeded. ^
Feb 7, 2014, 3:26 pm
#99
Join Date: Jan 2014
Location: Northern VA
Posts: 48
I deposited two WU MO on January 27th through the Android mobile app and it worked perfectly and posted to my account the following day.
Feb 7, 2014, 4:22 pm
#101
Join Date: Sep 2013
Location: SNA/LAX
Posts: 1,407
Mine is somehow processed as a check and has been held since the 5th.
Feb 11, 2014, 5:02 pm
#105
Join Date: Mar 2013
Location: PHL based
Programs: USAir, UA, AA, BA, Hyatt, HHonors, SPG, Marriott, IHG
Posts: 356
Exploring additional MS options - anyone here using UFB checking account (which from wiki accepts MO deposits via smartphone) and miles earning debit card to recycle paper? PM if needed