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.