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

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

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Old Feb 3, 17, 3:19 am   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
  
Last edit by: ChrisFlyer66
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This is a historic thread. Recent discussion on this topic is available here:
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 Oct 4, 16, 9:47 am
  #1336  
 
Join Date: Aug 2015
Posts: 132
Originally Posted by cheaptimesharetraveler View Post
We have a business account with WF, and we deposit a large number of MO's into that account, but I mark them as if they are payments from clients. I deposit at most $3,000 per day, but I could do more, I think. I go to several different branches, a lot within a 5 mile radius of home, and no problems at all.

I even deposit while on vacation. I take a pile of MO's with me when I travel.

I have not tried to do these deposits mobile. Might be interesting and would save some driving time.
If you want to look like a business (seems like your goal?), actually you would deposit the vast majority at the same branch. That is how real businesses operate.
dethkultur is offline  
Old Oct 4, 16, 12:03 pm
  #1337  
 
Join Date: Oct 2011
Posts: 4,163
Originally Posted by dethkultur View Post
If you want to look like a business (seems like your goal?), actually you would deposit the vast majority at the same branch. That is how real businesses operate.
If he's collecting MOs from rental tenants it could be all over town
Superorb is offline  
Old Oct 5, 16, 12:21 pm
  #1338  
 
Join Date: Apr 2011
Location: Colorado
Programs: Alaska, Shell VC, Wyndham VC, Starwood, RCI, II--I bought it on eBay!
Posts: 159
Originally Posted by dethkultur View Post
If you want to look like a business (seems like your goal?), actually you would deposit the vast majority at the same branch. That is how real businesses operate.
We have so many WF near us, and our DIL works for WF nearby. We opened two bus accounts because she needed new accounts, and the branches are encircling our house, literally a mile in either direction, plus a bunch two miles away.

I cannot believe how our DIL was hounded by upper-level management to open new accounts for years and years, but that is another thread.
cheaptimesharetraveler is offline  
Old Oct 6, 16, 1:27 pm
  #1339  
 
Join Date: Oct 2014
Location: Salt Lake City, UT
Programs: AAdvantage Platinum, DL Diamond 1MM, Hyatt Platinum, SPG Gold, Hilton Diamond, AMEX 2015 Centurion
Posts: 323
Does anyone have any experience with HSBC bank?
RickyBobby is offline  
Old Oct 6, 16, 1:31 pm
  #1340  
 
Join Date: Oct 2011
Posts: 4,163
Originally Posted by RickyBobby View Post
Does anyone have any experience with HSBC bank?
They were involved in a bunch of money laundering, so I'd assume they'd be quick to shutdown any accounts with questionable activity.
Superorb is offline  
Old Oct 6, 16, 1:42 pm
  #1341  
 
Join Date: Oct 2014
Location: Salt Lake City, UT
Programs: AAdvantage Platinum, DL Diamond 1MM, Hyatt Platinum, SPG Gold, Hilton Diamond, AMEX 2015 Centurion
Posts: 323
Originally Posted by Superorb View Post
They were involved in a bunch of money laundering, so I'd assume they'd be quick to shutdown any accounts with questionable activity.
Honestly, I just got the account mainly for the $350 offer; maybe I'll try dropping a few MO's/month after I get the bonus...just hate having an account go to waste
RickyBobby is offline  
Old Oct 6, 16, 2:01 pm
  #1342  
Suspended
 
Join Date: Dec 2013
Posts: 632
Originally Posted by RickyBobby View Post
Honestly, I just got the account mainly for the $350 offer; maybe I'll try dropping a few MO's/month after I get the bonus...just hate having an account go to waste
DON'T. They are exceptionally resistant to MS'ers.
flyertalker9867674 is offline  
Old Oct 6, 16, 3:18 pm
  #1343  
 
Join Date: Oct 2011
Posts: 4,163
Originally Posted by RickyBobby View Post
Honestly, I just got the account mainly for the $350 offer; maybe I'll try dropping a few MO's/month after I get the bonus...just hate having an account go to waste
Funny enough I applied for this account today for the $350 as well, but I don't plan on doing any MS with it. There are no branches in my state anyways.
Superorb is offline  
Old Oct 6, 16, 3:39 pm
  #1344  
 
Join Date: Dec 2009
Location: EWN/OAJ/RDU/ILM (Formerly BTV)
Programs: HH D i a m o n d !!!
Posts: 356
RIP first Niagara bank... Excellent recipients of mobile MO deposits but merging with Key tomorrow
perkunas is offline  
Old Oct 7, 16, 9:37 am
  #1345  
 
Join Date: Feb 2014
Posts: 111
Multiple PNC bank ATMs rejected my MO deposits today. Anyone else have an issue?
Lekuxs15 is offline  
Old Oct 7, 16, 10:25 am
  #1346  
 
Join Date: Jan 2012
Programs: DL, WoH
Posts: 1,234
Originally Posted by Lekuxs15 View Post
Multiple PNC bank ATMs rejected my MO deposits today. Anyone else have an issue?
Deposited some last night with no issue.
ricohitman is offline  
Old Oct 8, 16, 4:25 pm
  #1347  
 
Join Date: Jan 2013
Location: LAX, SNA
Posts: 359
Has anyone tried writing over the amount on the MG MOs to get the mobile apps to accept them? Some of the ones I have, the ink is too light.
dogbyte is offline  
Old Oct 8, 16, 6:09 pm
  #1348  
 
Join Date: Sep 2014
Posts: 1,837
Originally Posted by dogbyte View Post
Has anyone tried writing over the amount on the MG MOs to get the mobile apps to accept them? Some of the ones I have, the ink is too light.
for MG MOs, I always do this:
lumangoy is offline  
Old Oct 8, 16, 9:29 pm
  #1349  
 
Join Date: Apr 2010
Posts: 342
Originally Posted by cheaptimesharetraveler View Post
We have a business account with WF, and we deposit a large number of MO's into that account, but I mark them as if they are payments from clients. I deposit at most $3,000 per day, but I could do more, I think. I go to several different branches, a lot within a 5 mile radius of home, and no problems at all.

I even deposit while on vacation. I take a pile of MO's with me when I travel.
You should probably start your legal defense gofundme now...
sybloc is offline  
Old Oct 10, 16, 9:24 pm
  #1350  
 
Join Date: Oct 2014
Posts: 827
Originally Posted by Superorb View Post
Funny enough I applied for this account today for the $350 as well, but I don't plan on doing any MS with it. There are no branches in my state anyways.
Glad to hear. No issues during signup with being out of range of physical locations?
CWAL is offline  

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