MoneyGram Money Orders With New Anti Mobile Deposit Language

This post may contain affiliate links; please read our advertiser disclosure for more information.

MoneyGram Money Orders With New Anti Mobile Deposit Language

A bit of bad news seems to be rolling out for MoneyGram money orders, which is the money order provider at Walmart stores.  I have seen a few different reports of new verbiage on the back of the money order.  It simply states that mobile deposits are prohibited. It doesn’t seem like this has been rolled out to all locations yet but I imagine it is only a matter of time before it is everywhere.

Not all banks allow mobile deposits of money orders, some require in person or ATM deposits.  But for the people that use a banking establishment not near their house etc. this could be a big blow.  If you are one of these people you may want to start looking into back up options to deposit yours in case the new verbiage hits a store near you.

This is of course assuming that the terms are actually enforceable.  Maybe they are simply intended as a deterrent and not really enforceable?  That is something I don’t know but I will say that I personally wouldn’t risk it.  There is simply too much money at stake most of the time.  It could also lead to future issues with your banking establishment.

Big thanks for the photo to Rick at The Saving Traveler.

Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

More Like This

5 COMMENTS

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

5 COMMENTS

  1. Has anyone found out if this is enforceable? I can’t find any terms on their website as to the actual penalty.

  2. Kinda moot point for most of us. Out of my 5 banks only one accepts MOs through mobile deposit and that one rejects MoneyGram already (can’t read signature is the error).
    I’ll be surprised if there are many affected but a big blow perhaps if you are. I love mobile deposit when it works.

    • True – I think most people will be okay but the people that used it I think it may be one of their only options and will be a big blow.

  3. The Check 21 Act allows checks to be presentable to banks electronically. That’s the law that essentially opened the gates to mobile deposits.

    I don’t see how this is enforceable.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

7,221FansLike
16,019FollowersFollow
6,970SubscribersSubscribe

SoFi Money $50 Bonus!

Super easy bonus! Sign-up and deposit $500 or more and they'll pay you $50! That's it!
Grab Your $50 SoFi Bonus Now!

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!
BoardingArea

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!