Author Topic: Manufacture Spend depositing money orders  (Read 1625 times)

purple monkey

  • Bristles
  • ***
  • Posts: 323
Manufacture Spend depositing money orders
« on: August 14, 2016, 08:14:30 PM »
Does the bank flag an account that deposits a lot of money orders?

Thinking of depositing 5-10 a month.

TIA.

plog

  • Stubble
  • **
  • Posts: 214
Re: Manufacture Spend depositing money orders
« Reply #1 on: August 14, 2016, 08:48:42 PM »
What are you asking exactly?  I mean, banks keep records so technically they "flag" everything:. You have a mortgage thru them?  Flag.  Your average daily balance over $1000? Flag.  You call customer service 4 times in may 2006?  Flag.

Banks keep records--so yes that data is probably kept.  Now if you are afraid of a certain action on their part, please be specific and ask that question.

boarder42

  • Walrus Stache
  • *******
  • Posts: 7849
Re: Manufacture Spend depositing money orders
« Reply #2 on: August 15, 2016, 07:36:59 AM »
i do at least that many and have yet to have any issues.

johnny847

  • Magnum Stache
  • ******
  • Posts: 3196
    • My Blog
Re: Manufacture Spend depositing money orders
« Reply #3 on: August 15, 2016, 09:32:20 AM »

Rubic

  • Handlebar Stache
  • *****
  • Posts: 1083
Re: Manufacture Spend depositing money orders
« Reply #4 on: August 15, 2016, 02:39:38 PM »
It depends on the bank, but the general consensus is that you shouldn't MS with money orders with your primary bank.  I'm moving away from manufactured spending for a variety of reasons, but when I did MS, I first opened up a new bank account with a $200 sign-on bonus.  You can just do ACH transfers from your "MS bank" to your primary bank.