Old Jun 17, 2023, 12:23 am
FlyerTalk Forums Expert How-Tos and Guides
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DATAPOINT COLLECTION: https://forms.gle/trtMWXZp4mKUk31m7
VIEW DATAPOINTS: https://docs.google.com/spreadsheets...it?usp=sharing

Rules:

Amount limits:
1. $20 minimum load

2. $1,000 maximum per rolling 24 hours ($999 for AZ NM)
3. $7,000 maximum per rolling 7 days
4. $10,000 maximum per calendar month (formerly $20K; mixed DPs, T&C states calendar month but FTers state rolling 30 days)

Frequency limits:
5. 4 individual loads per rolling 24 hours

6. 7 individual loads per rolling 7 days
7. 20 loads per rolling 30 days.

WM limits:
8. 3 GCs max per transaction

https://www.discover.com/online-bank...cking-account/
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Old Apr 9, 2024, 9:22 am
  #796  
 
Join Date: Dec 2013
Posts: 3,518
Originally Posted by cuthroat
Never crossed my mind to ask for the 500 + fees for refunds. You may be on to something. People getting replacement cards, I look at as a wash.

Bottom line is they need to turn back their fraud settings to before all this madness.
LOL good luck

Originally Posted by decolon
Hmm so my Pathward SS VGC got fraud locked. I've gotten quite a few of these fraud locked on first transaction which is annoying. Is it recommended to do a small transaction first so it doesn't lock?
Yes
ericdabbs is online now  
Old Apr 16, 2024, 9:48 am
  #797  
 
Join Date: Feb 2016
Location: Northeastern United States
Posts: 601
I received a phone call from discover asking about my loading of funds to the account at WM. The discover agent was really chill and asked about my loading history at WM which is far less than it was last year. I told him I have some rental properties and get paid in cash by some of the tenants and that's what I deposit at WM. He didn't press the issued, just said he'd note that on the account. Call took less than five minutes start to finish.
Prometheus77 is offline  
Old Apr 16, 2024, 9:52 am
  #798  
 
Join Date: Jun 2015
Posts: 65
Originally Posted by Prometheus77
I received a phone call from discover asking about my loading of funds to the account at WM. The discover agent was really chill and asked about my loading history at WM which is far less than it was last year. I told him I have some rental properties and get paid in cash by some of the tenants and that's what I deposit at WM. He didn't press the issued, just said he'd note that on the account. Call took less than five minutes start to finish.
looks like this will be going down soon. How much vol?
luckypra is offline  
Old Apr 16, 2024, 10:00 am
  #799  
 
Join Date: Feb 2016
Location: Northeastern United States
Posts: 601
Originally Posted by luckypra
looks like this will be going down soon. How much vol?
Only $2K/week consistently since December for that account since I'm using my remaining One Card, BB, and Serve cards for most of my volume these days.
Prometheus77 is offline  
Old Apr 16, 2024, 10:03 am
  #800  
 
Join Date: May 2012
Posts: 697
Originally Posted by Prometheus77
Only $2K/week consistently since December for that account since I'm using my remaining One Card, BB, and Serve cards for most of my volume these days.
what was the last year's volume?
liw5215 is offline  
Old Apr 16, 2024, 10:05 am
  #801  
 
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,518
Originally Posted by Prometheus77
I received a phone call from discover asking about my loading of funds to the account at WM. The discover agent was really chill and asked about my loading history at WM which is far less than it was last year. I told him I have some rental properties and get paid in cash by some of the tenants and that's what I deposit at WM. He didn't press the issued, just said he'd note that on the account. Call took less than five minutes start to finish.
Originally Posted by luckypra
looks like this will be going down soon. How much vol?
Pull now while you still have a non-restricted demand account.
There are many DPs out there with Discover being less than speedy about returning money deposited to them.

If they believed you, they would ask for documentation of your rentals and income, balance sheets, etc.

Pull your money out and let us know how you did with Discover. DPs are always appreciated.
radonc1 is offline  
Old Apr 16, 2024, 10:42 am
  #802  
 
Join Date: Jan 2023
Posts: 141
Interesting, please let us know the DP Prometheus77.
My go-to answer is deposits from cash sales of goods - I have a DBA to back this up which I file taxes on.
dwCoffee is offline  
Old Apr 16, 2024, 2:00 pm
  #803  
 
Join Date: Mar 2008
Posts: 1,549
Originally Posted by radonc1
Pull now while you still have a non-restricted demand account.
There are many DPs out there with Discover being less than speedy about returning money deposited to them.

If they believed you, they would ask for documentation of your rentals and income, balance sheets, etc.

Pull your money out and let us know how you did with Discover. DPs are always appreciated.
Out of curiosity, if Discover shuts down the Debit account, do they go scorched Earth like Chase and whack everything (Discover credit cards, savings, etc.)?
hurnik is offline  
Old Apr 16, 2024, 2:15 pm
  #804  
 
Join Date: Jan 2011
Posts: 249
There were calls like this reported late last year (even in this thread), has there ever been a confirmed shutdown afterwards?
3ZeroT is offline  
Old Apr 16, 2024, 5:28 pm
  #805  
 
Join Date: Feb 2016
Location: Northeastern United States
Posts: 601
Originally Posted by radonc1
Pull now while you still have a non-restricted demand account.
There are many DPs out there with Discover being less than speedy about returning money deposited to them.

If they believed you, they would ask for documentation of your rentals and income, balance sheets, etc.

Pull your money out and let us know how you did with Discover. DPs are always appreciated.
The money doesn't stay in the account long enough to be a problem if they freeze or close the account. I load $1k on Friday and Saturday and it gets pulled out via a CC payment every Monday so the most they would get would be $2K and that small an amount isn't a problem to float while they play games getting it back to me.
Prometheus77 is offline  
Old Apr 16, 2024, 5:31 pm
  #806  
 
Join Date: Feb 2016
Location: Northeastern United States
Posts: 601
Originally Posted by dwCoffee
Interesting, please let us know the DP Prometheus77.
My go-to answer is deposits from cash sales of goods - I have a DBA to back this up which I file taxes on.
My rental properties are real and under and S-Corp which I can produce legitimate records for so I can provide them with whatever they ask for if they did.
Prometheus77 is offline  
Old Apr 16, 2024, 5:33 pm
  #807  
 
Join Date: Feb 2016
Location: Northeastern United States
Posts: 601
Originally Posted by 3ZeroT
There were calls like this reported late last year (even in this thread), has there ever been a confirmed shutdown afterwards?
My Player 2 got the call last October and while they asked a bit more questions than my agent they never took action on the account and we still load to it as well. I don't remember ever seeing any shutdown reports, but it's possible someone has.
Prometheus77 is offline  
Old Apr 17, 2024, 9:04 am
  #808  
 
Join Date: Jan 2011
Posts: 249
You guys don't have to fib to Discover about how and why you're loading the account, I would just tell the truth - it probably will make more sense to the person in the AML context they are asking. They'd probably rather hear you are loading with prepaids you purchased yourself to earn rewards, than that you are loading untraceable cash "from my legitimate business", I mean that's what a money launderer would say. Granted at only $10k a month, there are probably alot of made-up reasons they will accept, but when you get these calls on deposit accounts for much higher amounts, it's usually better to just tell the truth.
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3ZeroT is offline  
Old Apr 17, 2024, 5:47 pm
  #809  
 
Join Date: Feb 2016
Posts: 850
Originally Posted by Prometheus77
My rental properties are real and under and S-Corp which I can produce legitimate records for so I can provide them with whatever they ask for if they did.
Yes but you know rental payment is not what you are loading to discover. If tenants are paying cash then how come you are loading the money using prepaid cards which is very easy for discover to see. What would explain 499/498 consistent loading? Tell the truth is the best strategy in this case, at the most they shut down. As long as we are not get thrown in jail, dont have to pay hefty fines etc those are the types of things we have to safeguard first, everything else is secondary including discover card, bank account shutdowns etc, who cares?
Gitangali is offline  
Old Apr 18, 2024, 5:47 am
  #810  
 
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,518
Originally Posted by Gitangali
Yes but you know rental payment is not what you are loading to discover. If tenants are paying cash then how come you are loading the money using prepaid cards which is very easy for discover to see. What would explain 499/498 consistent loading? Tell the truth is the best strategy in this case, at the most they shut down. As long as we are not get thrown in jail, dont have to pay hefty fines etc those are the types of things we have to safeguard first, everything else is secondary including discover card, bank account shutdowns etc, who cares?
As long as you have the documents to back up your deposits of cash equivalents, esxpecially tax returns, then you are safe.
You are correct that many businesses do a cash based business.

However , you also run the risk of a tax audit. Cash transactions are a big tell for our friends at the IRS.
And now, with more "friends" than ever thanks to Uncle Jo and Congress, the liability only grows.
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radonc1 is offline  

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