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)
Jul 2, 2017, 7:54 pm
#198
Join Date: Jun 2017
Posts: 39
Updates: on Star One, they warned me to stop depositing MOs or my account would be closed under suspicion of money laundering. Was doing $10K/week this month. HSBC had been making MG deposits available in 2-3 days, but their app server broke recently. Their CS team knows of the issue and said it was being worked on.
Jul 4, 2017, 9:08 am
#199
Join Date: Dec 2009
Location: EWN/OAJ/RDU/ILM (Formerly BTV)
Programs: HH D i a m o n d !!!
Posts: 356
I got flagged for mobile app MO deposit yesterday. My WF account is ~3 months old with minimal activity. I deposited 2x$500 WUMOs and today I see a message saying that the money is being held til 7/7.
Is this normal or do I need to be careful about any additional MO deposits for the next few weeks? And would it be okay to take other MOs to deposit via ATM rather than the app?
Last edited by perkunas; Jul 4, 2017 at 9:16 am
Jul 16, 2017, 1:11 am
#200
Join Date: Apr 2004
Location: CA
Posts: 1,304
How much were you doing? # and $. I was starting to like them cuz funds show up instantly. their app makes depositing of Mo super easy.
Updates: on Star One, they warned me to stop depositing MOs or my account would be closed under suspicion of money laundering. Was doing $10K/week this month. HSBC had been making MG deposits available in 2-3 days, but their app server broke recently. Their CS team knows of the issue and said it was being worked on.
Jul 17, 2017, 8:42 pm
#202
Join Date: May 2015
Posts: 66
Agree that StarOne is the best MO dump I've found. Kinda bummed about their stance.
Majority were USPS with a few from WM.
Jul 22, 2017, 3:14 pm
#208
Join Date: Jul 2017
Posts: 4
After doing extensive research throughout the various threads i believe i finally have the knowledge available to dip into some small MS to start off, but i do have one question:
I was looking at opening a WF account to deposit my MO in order to keep it separate from my personal checking account through SEFCU, but after i get the MO deposits should i then pay my cc bill directly through WF or withdrawal the money and deposit it into my SECFU account then proceed to pay the cc bill through there? Since I'm also doing organic spending on these cards, paying the bill through WF would mean i would need to transfer money from SEFCU to my WF account to cover that organic spending in order to pay it in full.
I was looking at opening a WF account to deposit my MO in order to keep it separate from my personal checking account through SEFCU, but after i get the MO deposits should i then pay my cc bill directly through WF or withdrawal the money and deposit it into my SECFU account then proceed to pay the cc bill through there? Since I'm also doing organic spending on these cards, paying the bill through WF would mean i would need to transfer money from SEFCU to my WF account to cover that organic spending in order to pay it in full.
Jul 22, 2017, 7:56 pm
#209
Join Date: Oct 2015
Location: BOS, PVD, HYA
Programs: MR, TYP, AA, B6, DL, WN, HH, MB, 2V
Posts: 658
After doing extensive research throughout the various threads i believe i finally have the knowledge available to dip into some small MS to start off, but i do have one question:
I was looking at opening a WF account to deposit my MO in order to keep it separate from my personal checking account through SEFCU, but after i get the MO deposits should i then pay my cc bill directly through WF or withdrawal the money and deposit it into my SECFU account then proceed to pay the cc bill through there? Since I'm also doing organic spending on these cards, paying the bill through WF would mean i would need to transfer money from SEFCU to my WF account to cover that organic spending in order to pay it in full.
I was looking at opening a WF account to deposit my MO in order to keep it separate from my personal checking account through SEFCU, but after i get the MO deposits should i then pay my cc bill directly through WF or withdrawal the money and deposit it into my SECFU account then proceed to pay the cc bill through there? Since I'm also doing organic spending on these cards, paying the bill through WF would mean i would need to transfer money from SEFCU to my WF account to cover that organic spending in order to pay it in full.
...or not pay in full and let interest accumulate, spiraling into debt and the terror of servitude to the banks. I suggest the first option
