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Banks that allow Money Order deposits via Smartphone or ATM(2017-2019)

Banks that allow Money Order deposits via Smartphone or ATM(2017-2019)

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Old Aug 19, 19, 8:08 am   -   Wikipost
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This is a new thread for 2017. The previous discussion can be found here.



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
  • 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
  • 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)
  • 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
  • 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
  • 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.
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Old Oct 21, 17, 4:54 pm
  #241  
 
Join Date: Dec 2016
Programs: IHG, Hilton diamond (IHG match) SPG gold
Posts: 39
PenFed in branch USPS - same day availability of funds.
808pineapple is offline  
Old Oct 25, 17, 6:35 am
  #242  
 
Join Date: Mar 2015
Posts: 26
Got a call yesterday from USAA inquiring about high dollar amounts transfers to different bank accounts and high money order deposits (~$5-10k / month since July).

The many bank accounts was easily (truthfully) explained that my wife and I have several bank accounts scattered about from before we were married.

The large money order deposits were more difficult. I explained that we used it as a budgeting tool for spending (yeah, weak I know). The rep explained that they are now on the look out for something called "Credit Card Churning" (her exact words) and to be advised that money order deposits followed by large transfers out or large credit card payments would flag the account again in the future. She actually sounded apologetic, but said that because they're being told to "discourage their customers from credit card churning" that I should cool it on the money order deposits.

Not a big deal for me since there are plenty of credit unions and other banks around here that I know take MO deposits in-person with no issue, but a little less convenient for me with mobile deposits. I'll also consider myself lucky to get a warning instead of a shutdown.
MisterMechE is offline  
Old Oct 25, 17, 7:33 am
  #243  
 
Join Date: Dec 2014
Posts: 13
when is the last time anyone tried Santander for smartphone money order deposit? I got the Checking account promo in May and since been able to deposit WU money orders I only done about 1k to 2k a month but it works great because after it clears i can bill pay and the bill pay keeps the checking account free.
atricus is offline  
Old Oct 29, 17, 9:49 pm
  #244  
 
Join Date: Jun 2012
Location: ATL
Programs: DL, Marriott
Posts: 728
Any DP on Regions bank for mobile deposit and/or ATM deposit?
pritomd is offline  
Old Oct 30, 17, 7:14 am
  #245  
 
Join Date: Nov 2016
Posts: 62
Originally Posted by pritomd View Post
Any DP on Regions bank for mobile deposit and/or ATM deposit?
mobile deposit of MO doesnt work

however the ATMs are legit. The newer ones have no issue reading WU MOs. the slightly less newer ones may not read em but will ask you to manually input the amount. The older ones will read about 50% of your MOs and just spit back the rest

always try to go ATM. Everytime I go in branch they put a 2-3 hold on my MOs
breauxdle is offline  
Old Oct 30, 17, 8:26 pm
  #246  
 
Join Date: Jun 2012
Location: ATL
Programs: DL, Marriott
Posts: 728
Awesome. Shouldn't be a biggy since there's a Regions right near me and by the grocery store I frequent.
pritomd is offline  
Old Oct 31, 17, 9:26 am
  #247  
 
Join Date: Nov 2016
Posts: 62
Originally Posted by pritomd View Post
Awesome. Shouldn't be a biggy since there's a Regions right near me and by the grocery store I frequent.
ATL?
breauxdle is offline  
Old Oct 31, 17, 9:34 pm
  #248  
 
Join Date: Jun 2012
Location: ATL
Programs: DL, Marriott
Posts: 728
Yes indeedy
pritomd is offline  
Old Nov 1, 17, 5:11 pm
  #249  
 
Join Date: Mar 2016
Posts: 8
Bank of the West does not read PO MOs.
knokturnl is offline  
Old Nov 12, 17, 7:26 am
  #250  
 
Join Date: Jul 2017
Posts: 64
Just got shut down by UFB after 3 months of 3K+ MOs. Little disjointed I have to find a new place so soon.

Thinking about Citizens ATM method or Schwab - any thoughts? It seems like ATM deposits are generally safer to avoid shutdown, would anyone agree with this generality?
pancakeman27 is offline  
Old Nov 12, 17, 12:00 pm
  #251  
 
Join Date: Oct 2011
Posts: 4,167
Originally Posted by pancakeman27 View Post
Just got shut down by UFB after 3 months of 3K+ MOs. Little disjointed I have to find a new place so soon.

Thinking about Citizens ATM method or Schwab - any thoughts? It seems like ATM deposits are generally safer to avoid shutdown, would anyone agree with this generality?
Schwab does a hard pull to open a checking account, so not really worth it if you don't have it yet.
Superorb is offline  
Old Nov 12, 17, 2:06 pm
  #252  
 
Join Date: Jul 2017
Posts: 64
Originally Posted by Superorb View Post
Schwab does a hard pull to open a checking account, so not really worth it if you don't have it yet.
That's good to know - Yeah I think I'm going to go with Citizens at the moment and see what I can get done via ATM. I'll post a DP since I haven't seen any references on this bank.

That and SEFCU is another option. But I don't see anything on them here either.
pancakeman27 is offline  
Old Nov 12, 17, 2:30 pm
  #253  
 
Join Date: Jul 2016
Location: NY
Posts: 461
Originally Posted by pancakeman27 View Post
Just got shut down by UFB after 3 months of 3K+ MOs. Little disjointed I have to find a new place so soon.

Thinking about Citizens ATM method or Schwab - any thoughts? It seems like ATM deposits are generally safer to avoid shutdown, would anyone agree with this generality?
Schwab shut my bank and brokerage accounts down after six months. I only did $20K in MO deposits over the six months.
FrankMS is offline  
Old Nov 13, 17, 10:27 am
  #254  
 
Join Date: Oct 2014
Posts: 827
Schwab isn't the best choice for longevity.
CWAL is offline  
Old Nov 13, 17, 8:06 pm
  #255  
 
Join Date: Jul 2017
Posts: 64
Originally Posted by CWAL View Post
Schwab isn't the best choice for longevity.
Gotcha - Yeah I'm trying trying to find a place that won't mind 3-4K per month and will accept MG MO's since I'm a WM guy. I thought UFB was great, but didn't see the earlier shut down report.

I'm hoping Citizens will work or a credit union around here. And I think I'll just stick to ATMs - hopefully I will lie lower that way. Ofcourse I prefer mobile deposit, but I don't know of any that work for MG MO's without the doctoring up the MO for the photo (which I want to avoid).
pancakeman27 is offline  

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