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Banks that allow Money Order deposits via Smartphone or ATM(2014-2016)

Banks that allow Money Order deposits via Smartphone or ATM(2014-2016)

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Old Feb 3, 17, 3:19 am   -   Wikipost
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http://www.flyertalk.com/forum/manuf...-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.
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Old Aug 10, 16, 3:07 pm
  #1276  
 
Join Date: Nov 2013
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Originally Posted by raceman94 View Post
I've been wondering...what's likely to raise more eyebrows: multiple small money order deposits or just a few large deposits? I can usually slide by by depositing 1 $500 MO in two accounts per month. Occasionally I'll deposit two, but not very often.
Depends what bank
hiima is offline  
Old Aug 10, 16, 8:07 pm
  #1277  
 
Join Date: Jan 2016
Posts: 37
Gotcha
raceman94 is offline  
Old Aug 13, 16, 12:36 am
  #1278  
 
Join Date: Aug 2014
Posts: 102
Originally Posted by AnInfrequentFlyer View Post
Got a call from USAA compliance just now. The guy asked the source of the MOs (myself) and then said they noticed they were paying CC almost immediately. He asked if this was for rewards points and I confirmed. He said that's fine they just wanted to follow up. Sounded like there wouldn't be any AA. He didn't say to stop.

He also asked me to verify my employer and occupation to update my profile.

I've deposited around $5-$8 k a month recently. That's higher than normal for me since I've been hitting the Citi Dividend drug store bonus at CVS which only works for Kroger/USPD MO.

I guess I'm not too worried.
Did anything ever come of this? I'm tempted to use USAA since they seem pretty chill, but I'd never want to risk my banking and insurance with them. They're the absolute best when it comes to customer service. Odds are I won't chance it, but I'm still curious.
HBKFan75 is offline  
Old Aug 14, 16, 7:33 pm
  #1279  
 
Join Date: Aug 2009
Posts: 267
Anyone have any issues with PenFed? I've had a CC with them and several loans, but never made any deposits.
DVDBob is offline  
Old Aug 16, 16, 8:25 am
  #1280  
 
Join Date: Nov 2015
Posts: 539
How is suntrust for depositing MOs? Is there any limit for new customers ? is it ok to deposit 10 k per month
kingofkingsforu is offline  
Old Aug 17, 16, 11:22 am
  #1281  
 
Join Date: Jan 2012
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Originally Posted by kingofkingsforu View Post
How is suntrust for depositing MOs? Is there any limit for new customers ? is it ok to deposit 10 k per month
I heard of someone getting shutdown for 5k, but ymmv of course.
ricohitman is offline  
Old Aug 17, 16, 11:30 am
  #1282  
 
Join Date: Nov 2015
Posts: 539
Originally Posted by ricohitman View Post
I heard of someone getting shutdown for 5k, but ymmv of course.
Thanks for the input. I too searched the previous replies in this thread and 1 person got shutdown next day after depositing 1500 $
kingofkingsforu is offline  
Old Aug 19, 16, 9:06 pm
  #1283  
 
Join Date: Jun 2016
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Originally Posted by DVDBob View Post
Anyone have any issues with PenFed? I've had a CC with them and several loans, but never made any deposits.
Been running 2-3K of MO per month into PenFed via smartphone deposit for a couple of months now...so far, so good. Transfer it out once a month to pay CCs.
Max_Gerber is offline  
Old Aug 22, 16, 9:28 pm
  #1284  
 
Join Date: Jun 2004
Location: IAD
Programs: All of them to one degree or another
Posts: 447
USAA continues to be great at approx $1k per week for the last several years. Nothing like the volume I can push through local CUs but don't want to risk losing usaa. A CU is easily replaced
DeaconY is offline  
Old Aug 22, 16, 9:36 pm
  #1285  
 
Join Date: Jan 2016
Posts: 132
Originally Posted by DeaconY View Post
USAA continues to be great at approx $1k per week for the last several years. Nothing like the volume I can push through local CUs but don't want to risk losing usaa. A CU is easily replaced
100% agree. I was pushing 20-30k/month through there, but I kinda got scared. I did not want to lose the account, since I'm only eligible because of marriage. I have no clue what they do if they close an account, and didn't want it to get pushed back to my wife or my inlaws since my account is there because of them. Now I just put the occasional MO in there. It helps that I use it as a business account for rental properties so a few thousand a month is not big deal.
fumnibbler is offline  
Old Aug 26, 16, 8:58 pm
  #1286  
 
Join Date: Jun 2004
Location: IAD
Programs: All of them to one degree or another
Posts: 447
Originally Posted by fumnibbler View Post
100% agree. I was pushing 20-30k/month through there, but I kinda got scared. I did not want to lose the account, since I'm only eligible because of marriage. I have no clue what they do if they close an account, and didn't want it to get pushed back to my wife or my inlaws since my account is there because of them. Now I just put the occasional MO in there. It helps that I use it as a business account for rental properties so a few thousand a month is not big deal.
You'd be fine if they closed your account. I think they would have some privacy act issues if they told your in laws about your personal financial dealings. Once you get access to membership you are a member, regardless of the relationship that got you in.
DeaconY is offline  
Old Aug 29, 16, 12:17 pm
  #1287  
 
Join Date: Oct 2014
Posts: 827
Originally Posted by DeaconY View Post
You'd be fine if they closed your account. I think they would have some privacy act issues if they told your in laws about your personal financial dealings. Once you get access to membership you are a member, regardless of the relationship that got you in.
I have occasionally heard stories of CC companies contacting family members to verify applications, so it's not *completely* off the deep end to be worried about such a thing, but I doubt it's a common occurrence.

I personally would be quite upset at the bank for involving anyone else in my finances who I had not explicitly authorized to discuss them.
CWAL is offline  
Old Aug 31, 16, 4:18 pm
  #1288  
 
Join Date: Jun 2015
Posts: 644
Anybody have DP for successful MO deposit via mobile app for Tiaa direct?
Stivelio is offline  
Old Aug 31, 16, 5:59 pm
  #1289  
 
Join Date: Oct 2011
Posts: 4,163
Originally Posted by Stivelio View Post
Anybody have DP for successful MO deposit via mobile app for Tiaa direct?
The wiki says TIAA died a few years ago.
Superorb is offline  
Old Sep 11, 16, 5:24 pm
  #1290  
 
Join Date: Mar 2012
Location: SAN
Posts: 1,359
Charles Schwab Shut Down

Update everyone -

Schwab finally completely closed my account. I get a letter in the mail indicating the account had been shut down. I had not used the account since they shut down my mobile deposit functionality. The letter was dated September 1, 2016 - so a bit under six months since the deactivated mobile deposit. A day later I received a check in the mail for the remaining balance, which was only a few dollars.

If anyone has previously been shut down by schwab I would be curious if they any additional information to share - ability to reopen the account, or if there were other implications such as reporting to ChexSystems, for example.

Thanks.

Originally Posted by CFFrost View Post
Hey all -

Just a heads up I just got an email on my schwab account "following a review of your account activity, we've deactivated your schwab bank mobile deposit service." I got a duplicate e-mail for the bank account and the brokerage account. I never did any mobile deposit to the brokerage account, only the bank account - so they clearly decided to just shut it down for all of my accounts.

I've been running maybe about $10k/month through schwab. Gonna lay low for a bit and hope they don't shut down the account outright. I like having the account for when we travel for free atm withdrawals. At least as it is I can still transfer money to the account before we travel.

Looking for a replacement - I can still deposit to B of A through ATMs but I can't transfer all of my activity to that account for fear of losing that one as well. Lately I've been running about 50% of my total MO activity through each of those two accounts.
CFFrost is offline  

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