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)
May 11, 2016, 9:49 am
#1141
Join Date: Oct 2014
Posts: 827
I've got like 50k PO MO, all 1k each. Should I just deposit into a couple bank accounts or just go all in at once or what? I have USAA, Chase, M&T, Astoria, Citizens, Popular, Key Bank, Penfed Savings... Any other banks would be a new account... I could pay like 6k on a BOA credit card at the bank...
Wow. Just... Wow...
May 11, 2016, 10:46 am
#1142
Join Date: Dec 2011
Posts: 123
Had you been doing that volume before, or was this a big spike in MO deposits?
May 11, 2016, 11:13 am
#1143
Join Date: Mar 2014
Posts: 26
At one point, I thought money orders were good as cash? I mean that's their intended purpose with some added security that cash does not.
But it seems like people are getting in trouble for depositing ONE money order? I don't hit my banks hard. The most I do is deposit $500-$1000 per bank each month. To me, this seems like normal behavior but from people posting about getting shutdown for depositing 1 or 2 money orders, it makes me worry. Or are people just not being upfront about depositing more than they're leading on?
But it seems like people are getting in trouble for depositing ONE money order? I don't hit my banks hard. The most I do is deposit $500-$1000 per bank each month. To me, this seems like normal behavior but from people posting about getting shutdown for depositing 1 or 2 money orders, it makes me worry. Or are people just not being upfront about depositing more than they're leading on?
May 11, 2016, 1:42 pm
#1144
Join Date: Oct 2014
Posts: 827
At one point, I thought money orders were good as cash? I mean that's their intended purpose with some added security that cash does not.
But it seems like people are getting in trouble for depositing ONE money order? I don't hit my banks hard. The most I do is deposit $500-$1000 per bank each month. To me, this seems like normal behavior but from people posting about getting shutdown for depositing 1 or 2 money orders, it makes me worry. Or are people just not being upfront about depositing more than they're leading on?
But it seems like people are getting in trouble for depositing ONE money order? I don't hit my banks hard. The most I do is deposit $500-$1000 per bank each month. To me, this seems like normal behavior but from people posting about getting shutdown for depositing 1 or 2 money orders, it makes me worry. Or are people just not being upfront about depositing more than they're leading on?
May 11, 2016, 4:11 pm
#1146
Join Date: Sep 2014
Posts: 1,837
With my remaining banks, I try to keep a balance and spread pulls from different CCs
May 11, 2016, 10:25 pm
#1147
Join Date: Dec 2015
Posts: 40
At one point, I thought money orders were good as cash? I mean that's their intended purpose with some added security that cash does not.
But it seems like people are getting in trouble for depositing ONE money order? I don't hit my banks hard. The most I do is deposit $500-$1000 per bank each month. To me, this seems like normal behavior but from people posting about getting shutdown for depositing 1 or 2 money orders, it makes me worry. Or are people just not being upfront about depositing more than they're leading on?
But it seems like people are getting in trouble for depositing ONE money order? I don't hit my banks hard. The most I do is deposit $500-$1000 per bank each month. To me, this seems like normal behavior but from people posting about getting shutdown for depositing 1 or 2 money orders, it makes me worry. Or are people just not being upfront about depositing more than they're leading on?
May 13, 2016, 7:39 am
#1154
Join Date: Mar 2015
Posts: 333
I got the call a few weeks ago. In person MO deposit only at risk of having all mobile deposits shut down. The good news is that the rep specifically said that MOs are Ok in person--they just want to have the physical MO.
May 13, 2016, 7:51 am
#1155
Join Date: Sep 2014
Posts: 1,837
How long have you been depositing MOs? and volume?
