Thanks for the shout out Zgirl! I wish I had the bandwidth to spend more time here, and I really appreciate the shout outs from past clients and others who know me.

If I can ever be of help, please feel free to shoot me a message or an email.

those are also my stats for WF MO volume.

curious for other DPs out there w/ WF MO depo volume. would like to know if ~20k/mo MO depo is "dangerous". basically its over 200k/yr so a little shocking maybe? nothing like 77k/mo, but would be nice to hear a few other DPs to get a feel for whats possible.

I was going all out with 5/3 without issues... until I broke 100k in a single month. Not sure what truly got me backed off (I wasn't shut down), but I wasn't surprised when I realized the volume I had deposited.

appreciate the info. pretty sure 100k in one month would get noticed at any bank. so you didnt get shut down? or you mean they gave you a call to stop?

The manager told me that the risk department said to stop or have my account closed. Since MS is all I use the account for (which the manager knew), she said I can start depositing the MOs again in a few months and they probably won't be watching anymore.

thank you again. i like your story because ive heard a few DPs about smaller regional banks being OK with MO depo after full disclosure and conversations about what is going on. wish this was the case with WF and chase.

I did something similar with a local, one branch bank. Told the manager from day one what I was doing, gave them a crash course on the concept of "fake spend for miles." I was able to do around 5k no issue for like half a year. Then I crossed 10k, and they told me their risk team didn't like what they saw and asked me to stop. I promptly closed. But yeah, sometimes upfront honesty is good, but it still has limits.

thank you for sharing. 10k always seems to be a key threshold number.

Wow - you mean you would come in with 15 MOs and deposit them all at once with the teller? That's --- amazing. I do like 4K a week spread over 3 banks so that it's never a crazy amount, but I guess I'm just a small fish out there vs. the hardcore MS people.

Were you depositing into your personal or business checking?

That's not totally outlandish for WF. I've done 20-30k deposits at times, and back in the days of unrestricted 5x MS, 300-400k a month is normal. Something else must have been a trigger in this case, that made it appear suspcious.

how long is chase shutdown?

trying to figure out if it's worth trying a mailer for Ink Preferred!

Personal.

In retrospect, maybe it wasn't the volume that got me shut down. I had cancelled and requested a replacement debit card a couple of weeks earlier. Maybe that put risk dept. eyes on the account. I had a great relationship with the WF branch folks. Will try switching to more mobile deposits/ATMs and less tellers in the future.

Meh. Grocery is ok, gc.com won't unlock the bonus.