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)
Jun 4, 2020, 8:16 pm
#466
Join Date: Aug 2019
Posts: 44
I have never had any rejected/questioned but only deposit in ATMs at WF and a regional bank and do it infrequently and in relatively small amounts.
Sep 8, 2020, 7:41 am
#468
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,442
I would highly suggest that you, as a new poster, look carefully at this thread. You should be aware that MG now has a prohibition for depositing MOs via mobile.
There was some discussion about this up-thread, and I would suggest reading it.
Sep 14, 2020, 5:07 pm
#470
Join Date: Mar 2009
Posts: 2,295
Sep 14, 2020, 11:52 pm
#471
Join Date: Jun 2011
Posts: 3,528
Sep 15, 2020, 6:08 am
#472
Join Date: Aug 2019
Posts: 25
I do a mix of atm and mobile but mostly atm. Smaller banks have called/ emailed me about mobile for even small deposits for “for xxx bank mobile” issues. Human eyes are on at these places too. Use 6-8 banks routinely.
Sep 16, 2020, 2:13 pm
#473
Join Date: Sep 2020
Posts: 16
what can MG do to me anyway once i have the MO?
Oct 23, 2020, 10:44 am
#476
Join Date: Jul 2006
Location: SoCal
Posts: 175
I can’t say for sure what the OP was referencing, but I do know that many MG MOs now include language below the endorsement line on the back that says mobile deposits aren’t allowed. FWIW, I almost always mail in deposits because MG MOs typically get rejected by my bank’s app (Schwab), but I did try a few recently, before I knew that wording was now written on some, and they were accepted nonetheless while some without it were rejected. BTW, some say the rejections are due to light or faded ink. Seems logical, but I’ve never tested it or inquired.
Oct 30, 2020, 7:30 pm
#479
Join Date: May 2008
Location: PHL (kinda, no airport is really close)
Programs: AA Exp, but not sure for how long. Enterprise Platinum woo-hoo!
Posts: 4,550
I have an account at just about every bank in my town, of which two have shut me down (one might be credit-card related) and two others have questioned my activity. I've had a few banks turn me down to even get an account. In the past few weeks I've started opening online accounts. My practice is to start around $2K/mo and ramp up to $8K/mo, to make a separate deposit as an EFT, to drain the funds over the course of a month rather than all at once, and leave a $1K minimum balance. Yeah, it's a lot of work, and requires a lot of capital, since at any given moment I might have as much as $13K in a bank account. I stagger them across the course of a month and do them in rotation.
I don't do ATM or smartphone deposits, I mail them in. I do occasionally go to the local banks, but I prefer to mail the deposits even if I'm driving right past them; I'd rather use a 55-cent stamp than have someone ask me where the money came from.
Oct 30, 2020, 9:29 pm
#480
Join Date: Aug 2013
Posts: 369
A US Bank ATM just ate one of my MO while trying to make a deposit into my Alliant checking. I put in five checks and one got rejected, but instead of spitting it out it made a weird noise and ate it. There was also a message saying something like "retaining checks".
The branch was closed so I'll have to wait until the morning to speak to someone. I've had ATMs eat my MO before but this is the first it's happened while using a co-op ATM to deposit into a partner bank. Does anyone know how much PITA it will be to sort this out?
The branch was closed so I'll have to wait until the morning to speak to someone. I've had ATMs eat my MO before but this is the first it's happened while using a co-op ATM to deposit into a partner bank. Does anyone know how much PITA it will be to sort this out?