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Ill spell it out for the feeble.
You dont call up and ask if they take Visa gift cards for  a money order.
You dont call up and ask if they take Mastercard gc for a MO
You dont flippin call!


You go into a store and ask for an MO and she says ok its, XXX.XX say no p, take out your debit card and swipe. If the rep says no debits then apologize and leave. If she says lemme see that is that a gc say NO ITS A DEBIT. if she asks wheres your name you say (among many other options to think of) the permanent one is on the way and im using the temp one until i receive it. If you need to swipe more than once, its ok to have multiple debits (for those who are lacking in common sense). But be nonchalant dont be in your face about it to the rep. Reps want to feel they're in charge, its natural for a minimum paid employees...




I think this should give the basics on how to get a MO if you find a place.... this is not rocket science. But it seems like it is to some.... Where to cash out GCs for MO:

Where                                       Which gift card                                   Fee                                     max MO amount                                   

Service desk @ Wal-Mart                  MVD,  Visa from Meta bank,                                  70 cents                                           $1000
                                                  chase (phased out)                                                                                      $1000   
                                                     
Rite Aid                                                                                                 $0.89                                          $500
       
"HaNesher HaGadol"                            One Vanilla                                 .52                                          $500 max     
meijer-69 cents up to $1000-most stores
NOTES:
MVD charges 50 cents per transaction so ask for MO of card amount- (fee+ 50 cents) eg @WM ask for 498.80 on MO (or cover $1.20 some other way)
« Last edited by bb1836 on June 04, 2015, 06:22:46 PM »

Author Topic: Money Orders (USPS RIP 11/3/17)  (Read 312724 times)

Offline ExGingi

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Re: Money Orders
« Reply #1060 on: November 30, 2016, 07:13:08 AM »
I should clarify this. There has been many heated discussions about this at other boards. Best practice would be to treat it the same as cash to be on the safe side.
-1
MO are more suspect than cash! The threshold is a lot lower.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline JTZ

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Re: Money Orders
« Reply #1061 on: November 30, 2016, 07:14:21 AM »
-1
MO are more suspect than cash!
Then you are agreeing with me not to structure?
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline ExGingi

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Re: Money Orders
« Reply #1062 on: November 30, 2016, 07:15:30 AM »
Then you are agreeing with me not to structure?
+10000000000000
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline JTZ

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Re: Money Orders
« Reply #1063 on: November 30, 2016, 07:16:13 AM »
Then why the -1?
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline ExGingi

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Re: Money Orders
« Reply #1064 on: November 30, 2016, 07:16:59 AM »
Then why the -1?
Because you said "same as cash".
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline JTZ

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Re: Money Orders
« Reply #1065 on: November 30, 2016, 07:18:54 AM »
Because you said "same as cash".
A grammar expert like you should know better. I said treat it the same as cash (in the context of structuring) not that it is the same as cash.  :)
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline JTZ

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Re: Money Orders
« Reply #1066 on: November 30, 2016, 07:20:14 AM »
The threshold is a lot lower.
Not to deposits which I was responding to.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline ExGingi

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Re: Money Orders
« Reply #1067 on: November 30, 2016, 07:26:29 AM »
A grammar expert like you should know better. I said treat it the same as cash (in the context of structuring) not that it is the same as cash.  :)
It's too early in the morning to pay attention to such minutiae. As much as I might be a grammar expert (not), I am a greater AML and compliance hawk.

If $100,000 in cash is a hot potato, multiple MOs regardless of amount are a red hot iron rod!
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline JTZ

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Re: Money Orders
« Reply #1068 on: November 30, 2016, 07:47:57 AM »
If $100,000 in cash is a hot potato, multiple MOs regardless of amount are a red hot iron rod!
Going to have to strongly disagree.  :)
You trying to start a fight?  :)
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline David Smith

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Re: Money Orders
« Reply #1069 on: November 30, 2016, 08:23:08 AM »
-1
MO are more suspect than cash! The threshold is a lot lower.

It's too early in the morning to pay attention to such minutiae. As much as I might be a grammar expert (not), I am a greater AML and compliance hawk.

If $100,000 in cash is a hot potato, multiple MOs regardless of amount are a red hot iron rod!
You know with whom you are arguing?
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline LoLo

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Re: Money Orders
« Reply #1070 on: November 30, 2016, 08:32:47 AM »
I should clarify this. There has been many heated discussions about this at other boards. Best practice would be to treat it the same as cash to be on the safe side.
In which case I apologize, I just came across this post last night.

Offline ExGingi

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Re: Money Orders
« Reply #1071 on: November 30, 2016, 08:33:16 AM »
You know with whom you are arguing?
No.

Does he know who he's arguing with?

While I was never an AML or compliance officer, I do work in the industry, and will tell you that a single deposit of 10 MO totalling $5,000 would be a red flag. $9000 cash deposit would not be (unless other circumstances exist).

Also, a PURCHASE of $3,000 in MO triggers reporting. With cash it's $10,000 or an amount which seems to be in avoidance of the $10,000 figure.
« Last Edit: November 30, 2016, 09:26:14 AM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline JTZ

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Re: Money Orders
« Reply #1072 on: November 30, 2016, 09:35:19 AM »
No.

Does he know who he's arguing with?

While I was never an AML or compliance officer, I do work in the industry, and will tell you that a single deposit of 10 MO totalling $5,000 would be a red flag. $9000 cash deposit would not be (unless other circumstances exist).

Also, a PURCHASE of $3,000 in MO triggers reporting. With cash it's $10,000 or an amount which seems to be in avoidance of the $10,000 figure.
What would depositing 7 figures in MO's in 6 months trigger? I never ever deposited less than 10k of cash or MO's.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline JTZ

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Re: Money Orders
« Reply #1073 on: November 30, 2016, 09:37:56 AM »
In which case I apologize, I just came across this post last night.
No need to apologize. It actually brought up a good point.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline mmgfarb

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Re: Money Orders
« Reply #1074 on: November 30, 2016, 10:03:50 AM »
No.

Does he know who he's arguing with?

While I was never an AML or compliance officer, I do work in the industry, and will tell you that a single deposit of 10 MO totalling $5,000 would be a red flag. $9000 cash deposit would not be (unless other circumstances exist).

Also, a PURCHASE of $3,000 in MO triggers reporting. With cash it's $10,000 or an amount which seems to be in avoidance of the $10,000 figure.
So what would you say is the best way to deposit MO's?
"JS [is] a fetid cesspool of unvarnished linguistic manure, with lots of useless drivel and post-padding." -Moishebatchy

Offline ExGingi

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Re: Money Orders
« Reply #1075 on: November 30, 2016, 11:12:00 AM »
So what would you say is the best way to deposit MO's?
Option 1: don't.
Option 2: not more than 1 per day.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Iz

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Re: Money Orders
« Reply #1076 on: November 30, 2016, 11:13:23 AM »
Everyone (justifiably) warns against depositing large amounts of MOs. What about cashing them at your bank? Is there any/similar risk in that?

Offline David Smith

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Re: Money Orders
« Reply #1077 on: November 30, 2016, 11:13:35 AM »
Option 1: don't.
Option 2: not more than 1 per day.

You know with whom you are arguing?
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline JTZ

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Re: Money Orders
« Reply #1078 on: November 30, 2016, 11:15:31 AM »
Option 1: don't.
Option 2: not more than 1 per day.
Lets be realistic here.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline ExGingi

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Re: Money Orders
« Reply #1079 on: November 30, 2016, 11:35:44 AM »
Let's be clear. I am not saying that anyone will get into trouble for specific activities. What I am saying is that specific activities WILL be reported further, and not just stay with the teller.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan