just fyi, closing the account yourself does not mean it will lessen the impact on your ability to open new bank accounts later. The bank will still report even if you close the account anytime soon. Once you get hit with derogatory reports on Chexsystem, you may not be able to open new bank accounts. I know personally of one who got this negative report and the bank wouldn't budge to remove the report they filed on her. It hurt her ability to open new bank accounts to get the bonuses.

Are you saying the check deposited to WF was bounced but TD had money to support the check? How could that happen?

Sure. it's actually kind of strange. The TD account is new so there are holds sometimes on my mo deposits. In this case, i deposited 8k in MO on 1/11 (which would bring my balance up to 16k) and paid myself to WF for 8K and 2k (2k on 1/10 and 8k on 1/11, so both would hit TD on 1/12). What ended up happening is the 8k MO cleared sometime during the day on 1/12, after the 2k and 8k were sent by WF. Looking at the activity on my account theres no hint of the delay, so according to TD online there were sufficent funds. Additionly, and here's where I may squeak by, WF is claiming the 8k had NSF, however the letter in my account from TD shows the 8k was paid, and the 2k was NSF. That being said it does say "OD-Paid", so not sure how that might impact what I can get TD to put in the letter.
TD did send the money to WF. They show that the check was sent and cleared. the 2k one was just OD and paid.
I'm hoping since WF had the issue on the 8k, TD banker can say the 8k had sufficent funds.
Im more than happy to clarify more.

But it should not impact the accounts with banks where i have long standing relationships with will it? Would I be able to open new ones in those banks if i wanted to? How long would a negative mark impact me?
Honestly the last checking account i opened was 3 or 4 years ago. I don't open them very often or go for the bonuses. I do more cc.

I wouldn't be slamming accounts that hard, I usually let it sit *at least* a few days after the hold is released, and always count checks/ACH as deducted from available balance as soon as I deposit or click send.

That said, the only similar problem I have had was with one bank that, during their nightly processing, displays your full balance as available without removing any outstanding holds.

If one (such as myself) was unlucky enough to check the available balance at a certain time during the night, the bank will show full funds availability.

The bank knows of this issue, acknowledged it to me during phone calls, and allowed the check to go through anyways. The hold was set to come off the next day, and my account had twice the balance required to clear the check, it just wasn't available balance. (Even though I in good faith checked my available balance, just apparently at a time of day that the bank admits will provide the user with erroneous and misleading information)

Update:
Went to TD branch today and banker reported that they never sent any NSF info to WF. the 8k check did clear, and while i did not have funds for the 2k, they paid it anyway since my average balance is usually enough to cover it, and they had another 8k in pending deposits. They did hit me with OD fees, but the check was NOT bounced, so he had no idea why WF was showing that.

If I have my own checking account, but I also have a joint checking - are both my accounts at risk if I start depositing money orders into my checking account?

I have an extra account that I don't care if I lose - but I can't lose my joint checking (wife will be PISSED!). Any DPs on what happens if you have multiple accounts?

Maybe it's worth it for me to open a BoA account and just deposit MOs there.

When Chase shuts you down for depositing money orders, they close all of your accounts. I haven't seen data points regarding joint checking accounts, but I would not expect them to stay open either. I recommend only depositing MO at a bank at which you are willing to lose all of your accounts.

I see. thanks, i'll try BoA. I have no cards with them. I assume they won't take my money - they'll just shut me down?

That would be a faulty assumption. They will definitely take your money and there have even been a few reports lately of them adding insult to injury by contacting the local authorities to conduct a thorough investigation after they have taken your money. I would stay away.

lolwut?

You weren't aware, CWAL? It's called civil forfeiture. Basically, if a bank doesn't like your deposit patterns, they can use the Patriot Act to take your money and keep it for themselves. And, so, again I advise the original person posting to not deposit any money orders into BoA that he isn't willing to risk losing permanently.

Sounds legit

Banks can't do civil forfeiture. They are not law enforcement officers.

Instead of potentially burning a bridge with a national brand bank (which issues good card offers sometimes), why not go with one of the many local or online banks out there? Is it because they're more difficult to push MOs through?

I think that is why Lucky888 mentioned that BoA would be contacting the local authorities. Then again I have zero experience dealing with MOs and have a ton of learning to do in this space.