Banks that allow Money Order deposits via Smartphone or ATM(2017-onward)
Does a WF checking account restrict the amount of MO deposits monthly for new accounts via ATM or are the limits just for mobile deposits as stated in the Wiki
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I have around $10k in MO (PO and MG). Can I just pay CC bill at a branch with them? Citi, Chase. Or send them by mail to Amex, Barclays? Is it legit?
Is depositing to Penfed savings safe to do? I have mortgage and CC with them. |
Originally Posted by yugi
(Post 27728807)
I have around $10k in MO (PO and MG). Can I just pay CC bill at a branch with them? Citi, Chase. Or send them by mail to Amex, Barclays? Is it legit?
Is depositing to Penfed savings safe to do? I have mortgage and CC with them. |
Originally Posted by yugi
(Post 27728807)
I have around $10k in MO (PO and MG). Can I just pay CC bill at a branch with them? Citi, Chase. Or send them by mail to Amex, Barclays? Is it legit?
Is depositing to Penfed savings safe to do? I have mortgage and CC with them. |
Should add Serve, no?
https://secure.serve.com/Funds/AddFu...y101-addchecks Money in Days Funds Available: In 10 days* Minimum Check Amount: $10.00 Fee: No Fee No fee for all accepted check types, including payroll checks, government checks, personal checks, business checks, insurance checks, attorney's checks, cashier's checks, money orders, rebate checks, American Express Travelers Cheques, and refund anticipation checks. *If your check is returned unpaid within the 10 day period, your account will not be funded. |
Originally Posted by Superorb
(Post 27731072)
That's a good way to get all your Chase accounts closed.
On contraire, I would never and have never deposited a MO into one of my accounts. Of course, I have never had a checking or savings account closed either. |
Originally Posted by carlitos
(Post 27731546)
Have been doing it for the last 4 years and up until now, Neither Amex, Barclaycard, Citi or Chase has ever closed one of my credit cards. I actually end up closing them first :D as I keep churning and churning CC.
On contraire, I would never and have never deposited a MO into one of my accounts. Of course, I have never had a checking or savings account closed either. |
Originally Posted by Superorb
(Post 27731784)
I have seen many reports of people having their Chase accounts closed when using MO to pay their CC bills. Not a risk I'm willing to take.
But well, MS and Churning is already a risk all of us are taking, as technically the banks will never like people doing it, even though it is legal and might even be consider a loophole in the American ACH and credit, debit and prepaid card payment system of the US, not available anywhere else in the World. Ohh, and Chase in places like Florida will never allow you to pay a credit card with cash without producing a valid Driver's License as form of ID, while paying your CCs at the same bank with a MO does not require to show any type of ID. Again, everyone plays this game/hobby the way they think is more convenient to them, but I can confirm paying Chase CCs with MOs at branch is NOT a sure way of Chase closing those same CCs. As all, just YMMV |
Originally Posted by carlitos
(Post 27732731)
Well, to each their own. So then, OP can pay all their CCs with MOs, and just make sure he does not bank with Citi, Chase or Barclays Savings Accts. That way, he has no problem using MO and paying his/her cards with MO Checks ;)
But well, MS and Churning is already a risk all of us are taking, as technically the banks will never like people doing it, even though it is legal and might even be consider a loophole in the American ACH and credit, debit and prepaid card payment system of the US, not available anywhere else in the World. Ohh, and Chase in places like Florida will never allow you to pay a credit card with cash without producing a valid Driver's License as form of ID, while paying your CCs at the same bank with a MO does not require to show any type of ID. Again, everyone plays this game/hobby the way they think is more convenient to them, but I can confirm paying Chase CCs with MOs at branch is NOT a sure way of Chase closing those same CCs. As all, just YMMV |
Originally Posted by ctdohert2
(Post 27720617)
Does a WF checking account restrict the amount of MO deposits monthly for new accounts via ATM or are the limits just for mobile deposits as stated in the Wiki
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Originally Posted by CJS415
(Post 27734004)
I'm not sure what the amount is for personal accounts, but I have a business account that lets me do $5k a day or $10k a month through mobile banking. It's much more than that if I just go deposit it in the atm half a mile down the road.
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I have several WU MOs with very faded ink that I would like to mobile deposit, but I'm leery of tracing over everything with a pencil.
Does the trick of putting a small piece of paper with the dollar-amount printed from a computer (just the number [$50], not the text [fifty dollars and zero cents]) work for mobile deposit in this case? I know some use it as a workaround for the MG MOs but I haven't heard of anyone doing this for the faded WUs. |
just a friendly reminder to keep a hold of those money orders after you've deposited them. alliant is refusing to pay for a deposit because western union is refusing to pay them. their reason? the money order was supposedly "altered". i can't wait to deal with this .........
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Originally Posted by RamboAroundTheWorld
(Post 27739681)
just a friendly reminder to keep a hold of those money orders after you've deposited them. alliant is refusing to pay for a deposit because western union is refusing to pay them. their reason? the money order was supposedly "altered". i can't wait to deal with this .........
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Originally Posted by Superorb
(Post 27739962)
I keep MOs/receipts/etc for a few months to make sure things are good to go. Did you tape an amount so the app could read it?
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If one part looks altered its not a far stretch to think the whole thing may have been tampered with.
Most banks/cu's have an online deposit, scan it and do it that way. |
Originally Posted by RamboAroundTheWorld
(Post 27739973)
the app read it fine. The federal reserve returned it saying it was "altered".
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Originally Posted by Superorb
(Post 27742951)
Federal reserve? I've never heard of that. The MO backer will either pay your bank or they won't. Don't know why the Fed would ever get involved for a check.
The number of checks written nationally has been declining since the mid-1990s as the use of electronic payment instruments has grown. In addition, the Check Clearing for the 21st Century Act (Check 21) removed barriers to the electronic collection of checks and electronic check collection has now become the primary method for collecting checks. Indeed, almost all checks processed by the Reserve Banks today are deposited and presented using the Reserve Banks’ electronic check collection services. These changes have enabled the Reserve Banks to reduce their national check-processing infrastructure so that, since early 2010, they have been processing paper checks at one location nationwide, down from 45 in 2003. https://www.federalreserve.gov/payme...heck_about.htm |
Huh, interesting. Thanks for the read.
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Simple sent a message in my account that they will no longer accept mo deposits.
Oh well, on to the next one. |
Originally Posted by oopl
(Post 27744196)
Simple sent a message in my account that they will no longer accept mo deposits.
Oh well, on to the next one. |
Tech Credit Union
Any data points about Tech CU like if MO are allowed and limits?
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Nothing but problems, problems, problems with Citibank! First I get my account locked for adding my card to Apple Pay. Once I clear that up they lock online/mobile app access account until I stop by a branch (45 min away from me). Today I deposit my first MO using the mobile app and within an hour later I can't sign on to the mobile app and no information is showing up on my online account. I just got off the phone and they say it was flagged for fraud because they couldn't read the MO and I need to wait 5 business days before they send the money back to the MO. It's safe to say I'll be closing my account next week. On to the next one!
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Originally Posted by cuthroat
(Post 27746005)
Nothing but problems, problems, problems with Citibank! First I get my account locked for adding my card to Apple Pay. Once I clear that up they lock online/mobile app access account until I stop by a branch (45 min away from me). Today I deposit my first MO using the mobile app and within an hour later I can't sign on to the mobile app and no information is showing up on my online account. I just got off the phone and they say it was flagged for fraud because they couldn't read the MO and I need to wait 5 business days before they send the money back to the MO. It's safe to say I'll be closing my account next week. On to the next one!
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Wiki needs to be updated then.
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Originally Posted by Amex For Children Of Africa
(Post 27744279)
Hmm they just accepted mine last night. What was you deposit amount and frequency like?
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Originally Posted by Java Cool Dude
(Post 27746256)
You simply can't deposit MOs into your Citi bank via mobile or even ATM; going through a teller is the only way.
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Originally Posted by oopl
(Post 27746779)
Slowly ramped up to maybe 5 MO a week.
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Quick question about Max amount
What's the Max amount that I can deposit MO into bank??
is it every bank has different requirement? |
Updated the Wiki to reflect the situation with Citibank and mobile deposits of MG MOs.
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I plan on opening a DCU account to do about 4-5k in monthly MO deposits via mobile banking.
Is there anything I should be concerned about? JCD |
Originally Posted by Java Cool Dude
(Post 27753044)
I plan on opening a DCU account to do about 4-5k in monthly MO deposits via mobile banking.
Is there anything I should be concerned about? JCD |
DCU worries me since you have to write "for DCU electronic deposit" so if it doesn't work you're screwed.
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Originally Posted by Superorb
(Post 27754663)
DCU worries me since you have to write "for DCU electronic deposit" so if it doesn't work you're screwed.
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Alright, I am about to open an online DCU account with the sole purpose of depositing MoneyGram MOs via the mobile app. Speak now or forever hold your peace :D
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Originally Posted by Java Cool Dude
(Post 27754884)
Use a pencil :D
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Data Point:
RBFCU - Mobile app deposited $498.80 USPS money order, first mobile deposit of any kind made on account open for 6 months+, was initially accepted but on hold, received an email within 5 minutes notifying me that it was cleared and available. |
I have 5 banking accounts so far:
BoA where I deposit MOs via ATM. Well's Fargo, ATM only. Citi Bank, teller. Logix, still haven't received my documents. DCU, same as Logix. |
Citi must have changed something since July... I used mobile deposit for a one-off MG MO of $499.01. IIRC just have to keep the stub attached.
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Originally Posted by dmac1418
(Post 27757883)
Citi must have changed something since July... I used mobile deposit for a one-off MG MO of $499.01. IIRC just have to keep the stub attached.
Good to know it worked for you. |
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