Feb 3, 2017, 11:18 am
Last edit by: vagrants
This is a new thread for 2017. The previous discussion can be found here.
Moneygram does not allow mobile app MO deposit regardless of whether or not the bank allows it. However, this policy doesn't seem to be enforced. You can still deposit via ATM or in person.
Banks that allow Money Order deposits via Smartphone
Allow MO deposits via Smartphone:
Do not allow MO deposits via Smartphone:
Allowed Via ATM:
Moneygram does not allow mobile app MO deposit regardless of whether or not the bank allows it. However, this policy doesn't seem to be enforced. You can still deposit via ATM or in person.
Banks that allow Money Order deposits via Smartphone
Allow MO deposits via Smartphone:
- BB&T. $1,000 per day, $3,000 per month. WU works fine. Doesn't seem to take MoneyGram.
- 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.)
- 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.
- Citibank (500 first 6 months, 1500 thereafter) Citibank does not allow MoneyGram mobile deposits and most ATMs reject the MO.(Ref)
- Clearview FCU
- DCU - works, reports of shutdown for MS specific behavior (depositing Money Orders) start in March 2017 (Ref, Ref, Ref posts 99 and onward)
clears immediately (Ref). Very finicky that the MO be filled out completely and the back is endorsed "for deposit only DCU". - Everbank ($50K per day total, no check bigger than $50K) (but see report of shutdown
Ref) - NorthePointe bank. 10 day hold per new accounts <30 days old.
- 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).
- 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) - SunTrust Only seems to accept WU, posts next day if in before 9pm.
- United Bank
- UFB Direct
prefers MoneyGram MOs; WU MOs work fine also. Will Shut down. (Ref) - USAA (Ref)
May be limited to $1k/day available immediately (Ref), with remainder held for 1 week. User experience: $5k/day. One person reported shutdown after a few months, doing less than 5K mo in MO deposits.(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)
Do not allow MO deposits via Smartphone:
- Ally
- Amalgamated Bank (cannot deposit MOs via mobile app)
- Aspiration
- 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
- Barclays. The terms state MOs are not allowed. MG worked twice but not again!
- Capital One 360 (won't accept MO via mail in deposit either)
- Chase
- 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)
- Eastern Bank. $2500 per day, $7500 per month. Update 3/22/16: Per chat, Eastern no longer accepts MO over Mobile Deposit
- Fidelity Investments - no MO's accepted at all
- Fiserv-based credit unions
- Fulton Bank
- Huntington Bank
- LMCU Will shut down MO deposits for high volume.
- Navy Federal Credit Union
- PNC (Ref)
- Radius Bank: Mobile deposits no longer allowed
- Sallie Mae (actually, does not accept money order deposits at all)
- Santander: MG and WU are a no go
- TD Ameritrade: doesn't take MO period. Not by app, mail, or in person.
- TIAA-Direct (3 checks per business day, $10K per day) No longer viable after calls by Candy in Sep 2014.
- Vanguard - No MO's accepted at all
Allowed Via ATM:
- BoA - may be deposited at ATM (Ref)
(Ref) - Bank of Oklahoma (BOK)
- Cambridge Savings Bank (Boston MA area) - accepts MoneyGram at ATM, haven't tested others yet, fund post in 1-2 business days, automatic detection doesn't usually work (have to edit the check amounts) (ref)
- Capital One Bank/360 - automatic amount detection for Western Union, posts within 1-3 days; Auto detects MoneyGram if the ink is dark enough, available next 1-3 days (Mar 17 Ref); USPS accepted, but not auto detected, available 1-3 days (Mar 17 Ref).
- Chase - about four days to clear (Ref) (Ref). Cleared next day.
- Citi
Haven't been able to successfully deposit Western Union but MoneyGram usually works. No longer works, have to deposit with teller. - 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
- Huntington - Since the ATM upgrade, WU MO gets rejected. Needs to be deposited with teller.
- 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
- M&T Bank -- can deposit MoneyGram, but you have to enter the amount manually.
- 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
- Santander - ATM accepts MoneyGram, often need to edit the amount. Reports of locked funds, YMMV. (ref)
- TD Bank
- USAA
- US Bank, can deposit MoneyGram, but you have to enter the amount manually.
- Webster Bank - accepts MoneyGram, need to enter amount manually, funds available next day (Ref), same with USPS Money Orders (Ref) and Western Union
- Wells Fargo accepts MoneyGram
- going over even just a few thousand a month.
Banks that allow Money Order deposits via Smartphone or ATM(2017-onward)
Mar 15, 2017, 5:38 am
#92
Join Date: Jan 2015
Posts: 159
I did try my local credit union (Greater Pittsburgh Federal Credit Union). It seemed like it was going to work, but no matter what I tried, I kept getting amount doesn't match errors. This wasn't a particularly dark print MO from WM, but it wasn't the lightest either.
I ended up depositing it with the CU via teller (no ATM deposits allowed) because I've deposited 3 MOs at PNC in the last few weeks and I don't want to get shutdown. PNC is located in my office building, whereas the CU is much less convenient.
Mar 20, 2017, 6:19 am
#93
Join Date: Jan 2003
Location: New York, NY, USA
Programs: UA 1K - 2.1MM, HH LT Diamond, IHG Diamond, Bonvoy LT Titanium, Hyatt Glob
Posts: 766
My TD limit is $5k per day and $10k per month, and I only have a $100 convenience checking account. It may vary by state or account longevity and behavior.
Mar 20, 2017, 10:40 am
#94
Join Date: Oct 2015
Location: BOS, PVD, HYA
Programs: MR, TYP, AA, B6, DL, WN, HH, MB, 2V
Posts: 658
Just deposited a MoneyGram MO at a Webster Bank ATM. I'll give it a day or two to see if it posts, and then update. I did have to type in the amount. Not sure if the ATM can't read the MOs, or just that it was very faint ink on this particular MO.
Mar 20, 2017, 6:05 pm
#95
Join Date: May 2015
Posts: 66
More DPs for mobile app deposit:
- Santander: Not taking MG, USPS
- Tech CU: Not taking MG, only takes $1000 USPS. Holds for ~7 days, may be because I have a new account.
- HSBC: Doesn't take USPS. Takes MG (still holding funds, will report back later)
Mar 21, 2017, 9:56 am
#96
Join Date: Oct 2015
Location: BOS, PVD, HYA
Programs: MR, TYP, AA, B6, DL, WN, HH, MB, 2V
Posts: 658
- ATM Deposit Webster Bank, Boston area
- MO of $624
- New (1 month old) Premier Personal Checking Account
- Funds available next day
Last edited by financialhippie; Mar 21, 2017 at 10:07 am Reason: edited to include more details
Mar 22, 2017, 1:22 pm
#97
Join Date: Jun 2006
Location: STL
Posts: 1,546
I have experience with a CU that accepts ATM MO deposits, but a shared co-op branch ATM I tested did not work. Granted this is a limited DP, so idk if it's a bank-by-bank YMMV, but I'd also love to see some more DP before I drive all over testing out every co-op ATM I can find. Could very well just be the one shared bank I found doesn't accept ATM MO deposits
I'd love to know more about this too. If you bank at CU-A, and make a deposit at CU-B's ATM, AFAIK, CU-B processes everything and CU-A never really knows what you deposited, whether it was cash, check or an MO. So, it stands to reason that you should theoretically be able to have an account at CU-A, make MO deposits at CU-B, CU-C, CU-D, etc and CU-A won't shut you down for too many MO deposits. But on the other hand, they may shut you down for too many co-op deposits. Who knows.
I live in St. Louis, and what we lack in national chains (No WF, Citi and Chase here) we make up for it in credit unions - you can't throw a rock and not bust out the windows of a credit union in this city. Many different CUs to choose from.
Mar 23, 2017, 2:28 pm
#98
Join Date: Jan 2015
Posts: 159
I have the same account, but I did just open mine. I didn't think about the fact that I very well could be in a probationary period. I hope that's the case. If they up it to those numbers, I may have a reason to keep the account past the bonus period.
Mar 24, 2017, 10:04 am
#99
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
Just got a VERY SPECIFIC email from DCU Risk Management today for both me and my wife's accounts...
"DCU is required to know its members and have some understanding of the activity occurring on an account and how that relates to our member. Your personal account activity is limited almost solely to the deposit of money orders. This is not the type of activity expected on a consumer account and appears on its surface to be related to manufactured spending, which often results in significant additional due diligence.
Please close your account by March 31, 2017. If the account remains open after that date, we will close it and mail a check to you for the remaining balance"
Running <$10k/mo thru these accounts for the past year (recently it has been <$5k/mo).
"DCU is required to know its members and have some understanding of the activity occurring on an account and how that relates to our member. Your personal account activity is limited almost solely to the deposit of money orders. This is not the type of activity expected on a consumer account and appears on its surface to be related to manufactured spending, which often results in significant additional due diligence.
Please close your account by March 31, 2017. If the account remains open after that date, we will close it and mail a check to you for the remaining balance"
Running <$10k/mo thru these accounts for the past year (recently it has been <$5k/mo).
Mar 24, 2017, 10:07 am
#100
Join Date: Jun 2015
Posts: 644
Just got a VERY SPECIFIC email from DCU Risk Management today for both me and my wife's accounts...
"DCU is required to know its members and have some understanding of the activity occurring on an account and how that relates to our member. Your personal account activity is limited almost solely to the deposit of money orders. This is not the type of activity expected on a consumer account and appears on its surface to be related to manufactured spending, which often results in significant additional due diligence.
Please close your account by March 31, 2017. If the account remains open after that date, we will close it and mail a check to you for the remaining balance"
Running <$10k/mo thru these accounts for the past year (recently it has been <$5k/mo).
"DCU is required to know its members and have some understanding of the activity occurring on an account and how that relates to our member. Your personal account activity is limited almost solely to the deposit of money orders. This is not the type of activity expected on a consumer account and appears on its surface to be related to manufactured spending, which often results in significant additional due diligence.
Please close your account by March 31, 2017. If the account remains open after that date, we will close it and mail a check to you for the remaining balance"
Running <$10k/mo thru these accounts for the past year (recently it has been <$5k/mo).
Mar 24, 2017, 10:31 am
#103
Join Date: Oct 2014
Posts: 827
