Posted by Chuck on November 2, 2018
Manufactured Spending no image

Published on November 2nd, 2018 | by Chuck

125

Walmart MoneyCenter Changes: $1,000+ Money Order Requires ID Verification, Bill-Pay Limited to $8,000 per 30-Days

Update 11/2/18: As of 11/1/18 the new rules are now being enforced. Nationwide, apparently. Interestingly, the $.88 fee counts in the $1,000 limit so if you hit $1k exactly with the fee included, you WILL have to give in your ID. Note, this $1k ID requirement only includes your driver’s license/ID number, not your SSN. That’s different than a SAR which requires your SSN.

Original Post from 10/14/18:

I heard a rumor a few days ago about changes coming to the Walmart MoneyCenter on Tuesday, October 8, and now there’s a blog post from Millionmileguy with the details and pictures of the memo.

Here are the changes:

  • If you buy $1,000+ in money orders, the system will ask for identity verifications. Previously, the threshold was $3,000.
  • Total money order purchases will be limited to $8,000 per customer, per day. Previous limit was $10,000.
  • Bill-pay is now limited to $8,000 per rolling 30 days. Previously the limit was probably $10,000 per day.

Here are images from Millionmileguy:

Not sure how many people still use the Walmart BillPay option for manufacturing spend since many credit card issuers are sensitive to that. The $10k to $8k change doesn’t seem like a big deal for most people either.

The big change here is the $3k to $1k for money orders: people regularly buy $1,998.40 in money orders and pay with four $500 Visa prepaid cards. Such a purchase will now trigger identity verification which is obviously time consuming and intrusive. Should still be possible to drain two $500s by purchasing a $999.30 money order without requiring identity verification. Not sure if loading $1,000 to a prepaid card will also trigger ID verification or if the ID requirements are for money orders only. I’d guess prepaid loads will require verification at $1,000 threshold as well.

Surely this is an MS hit, though one can argue that it could have been worse.



125
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Dylan
Dylan

At least they dont ask to see my cards. As long as i can still buy money orders ill give them any information they want.

Mimi
Mimi

If they ask for your ID+SSN for every $1K transaction, maybe you’d change your tune? Just doing 1 eSAR per day x 30 days would probably set the alarm for a human to look into the acct. That is assuming all associates will follow the memo and they will, IF there’s a register prompt to ask for ID+SSN. With no register prompt, the friendly reps will allow more MOs w/o ID+SSN input.

Tom
Tom

If by eSAR you mean electronic suspicions activity report that’s not a thing. The whole point of a suspicious activity report is that the customer didn’t know you filed one and there’s actually very few people who you can say back to them “yes I filed a SAR” if they ask you “did you file a sar?”

Will
Will

Not doing anything illegal, they can look into me as much as they want. just let me continue getting MOs and you can have my SSN as many times as you’d like

calwatch
calwatch

Of course there are so many Walmarts in urban areas which have policies against selling MO on gift cards, so this is meaningless for many of us.

Dylan
Dylan

I have heard on the flyertalk forums about people who buy a magstripe card writer/reader on amazon. They then read a visa gift card and rewrite the information to a magstripe on a debit card with your name.

Might be worth the effort for a sign up bonus, but otherwise not worth it.

Danny
Danny

This just blew my mind

slut
slut

if they verify cvv that won’t work as the encoded data wont match the cvv on the card

Dylan
Dylan

All cashiers that ive met only check your name is on the card compared to your ID. I doubt any of the cashiers i meet even know what a CVV is.

Mimi
Mimi

If one does the magstripe writer and gets caught, how does one explain that they’re not a scammer since they have to resort to such scheme to do their business? I think it’s a bold move and one has to be prepared for consequences if caught.

Dylan
Dylan

Probably only do it to meet MSR, and keep the magstripe writer in your house where nobody can see what you are doing.

I dont have any more details on this practice since i haven’t done it myself.

Will
Will

Not really anything to worry about because all they did was break store policy not the law. maybe get banned from that store but thats it

Simon
Simon

This won’t work. A regular debit card has chip. Most Walmart associate will ask you to insert your card if it has a chip.

L T
L T

I have not tried the idea, but if these reader/writers are able to write to the right track, you can certainly override the bit that triggers the terminal to insert your card rather than swipe… see halfway down the page: https://samy.pl/magspoof/

Gary
Gary

I still have a LoopPay dongle. Unfortunately they were all disabled, when Samsung bought the technology to create Samsung Pay:
https://www.usatoday.com/story/tech/columnist/baig/2014/02/25/looppay-let-you-use-credit-card-accounts-with-phone-or-fob/5811959/

Jay
Jay

Believe it or not, there are still brand new debit cards being issued without chips. The bank that services my HSA, for example.

MSer
MSer

Won’t be bad if they can quickly pull up stored info and use it. But if they have to enter info each time, will be painfully slow. Sigh.

WS banksters can launder billions for rogue nations like iran and NKorea, but US citizens have to report shitty $1K MO transactions. Insane.

escot
escot

Hmmmmm……. two points:

1. Here in central Virginia, they started asking for our name for any mo transactions over $700 — about a month ago. — simple question, took 10 seconds. And we’ve always been limited to $1k per money order. (2k for bill pay) Don’t see why ID checks have to be that onerous, unless you’re one of the Ariana point-chaser types — who at times racked up (by her own bragging) hundreds of thousands worth of mo’s per month. Sure, she apparently had a “friendly” local WMT willing to look the other way (as long as she wrote nice reviews), but such truly excessive behavior may well have finally forced WMT at the corporate level to try to rein this in. (and no doubt complaints about the long lines behind selfish MS mass players at WMT counters surely were not helping)

2. As for your rant about the “insanity” of this policy, I see you haven’t gotten the memo yet. The ole’ Saudi propanda trick — to deflect all your bad behavior (e.g. Yemen, Bahrain, slaughtering your own dissidents) by blaming or whining about Iran this or that — no longer will fly so easily…..

In this case, MO’s at WMT, we have met the enemy, and POGO wisdom still applies here, tis us. (or shall we say, the exceptionally aggressive parts of our ms crowd that so selfishly pushed the limits…. and invited this crackdown.) We’re on thin ice with WMT….

James
James

Actually no . any transaction over 10k requires paperwork

Chris
Chris

I’ve neve had a problem buying MOs at a particular nearby Walmart. Went the other day to buy $400 MO split between 2 VCG for payment. Was asked to see payment forms and ID and after denied was told new rules are cracking down.

Tucson John
Tucson John

“The new money order limit is $8000 per transaction, per customer, per day.” What is considered a transaction? My time at the Money Center desk, or each set of MOs I purchase? I can only do $2k with 4 swipes, which is what my local WM allows now. Will I be able to do 4 sets of MO now? If so, good for me. And the other WM that don’t allow me now, will they be required to sell me MO? Or will this be another rule that local stores ignore and make their own policies.

Mimi
Mimi

If you’re fine with eSAR for every $1K, good for you.

As to those who won’t sell to you, they can continue to do so per management prerogative. Only way to solve this is to write to Bentonville HQ and see what they say although you’re putting spotlight to yourself.

Tucson John
Tucson John

While I’d prefer not to have a SAR every 1k, it may be better than going to WM every day, sometimes twice a day, if I can get more MO. But I’m not sure if direct input of my info is better than hand written forms which get stuck in a folder behind the counter.

Which leads me to wonder about the KYC program. The reps at my WM know me, see me often, ask if I’m getting the “usual?” Does the program allow the store to decide they know me and no longer need the info each time? Or is it a continual info grab by the gov’t? I think I know the answer to that one.

Mimi
Mimi

The cashier showed me the prompt asking for customer’s ID for $1K MO so the friendly cashier told me they cannot override that and if the customer suddenly changes to a lower amount to do away with the prompt, they have to file eMSAR. I won’t ask them to do anything to put their job at stake, now that I know they’re enforcing policy, I’ll either comply or go to grocery stores for my WUMOs.

Klad
Klad

Serve/BB loads are fine though.. just loaded $1500 (3x$500) VGCs to my BB this evening without needing to show my ID or cards..

[Edit] My bad.. picture says starting Oct 16.. will see how it goes..

Toad
Toad

Also, there have been reports that this will not necessarily be the policy at all stores…we shall see next week I suppose.

MickeyMouse
MickeyMouse

Can people report back DP’s on the 16th/17th? I’m out of town right now but have close to 10k in VGC’s I was planning on liquidating when I’m back on the 20th. I don’t mind giving ID but as another reader wrote, it’ll be no problem if they can pull up stored info, horrible if they have to manually enter it each time.

I’m guessing it’s not going to be rolled out nationwide, maybe hoping is a better word. 😉

My stores’ policies have always been:

2k Per Day (meaning 4 swipes)
Or
3k Total Limit Per day if buying MO with Cash or Cash and Debit

I’ve been in line and someone asked to buy 5k in MO’s they didn’t mind (5) 1k MO’s just that they needed 5k. The cashier said max was 3k even if paying 100% in cash, Customer Service Manager has to come because guy complained and they also told him 3k max.

There’s something not quite right if you’re buying 5k+ in MO’s with cash, that’s a pretty obvious tip off.

H
H

Where are you located?

Davy
Davy

And someone else was probably saying something wrong if you have to do 4 swipes of $200 each.

Mimi
Mimi

Are you still in the US so you can drain them before the memo is enforced on the 16th? If you can find grocery stores/WMsuper/WMNM to drain those GCs, that’s better than take a chance on the 20th to find all stores have tightened policies.

Just keep in mind, ID+SSN check for EVERY $1K. If you’re comfortable with that, you just have to see up to how much they’ll allow you even if you agree to ID+SSN each transaction.

H
H

What is BB?

Mimi
Mimi

BlueBird axp prepaid

Will Ryan
Will Ryan

The first rule of fight club is…

Rony
Rony

Can Serve be loaded fee free at other stores too? How does it work to load over there? Just got my new Serve card and wondering if i can load it fee free at CVS/Dollar store, and how to do it, there (CVS/Dollar store).

Abe
Abe

If you got the free reloads version or the OneVIP version then yes it should be free to reload at all locations. Limit is $500 per transaction. I don’t remember the reload amount per day.

Klad
Klad

CVS is cash only..
Serve OneVIP/Green comes with fee free loads at Family Dollar/Dollar General/Walmart..
Bluebird comes with fee free loads at Walmart..

Rich
Rich

The only WM in my college town that survived the MS influx started the MO rule just under a year ago and they ask for your occupation and SSN. It’s annoying for MOs over 1K.

Also, they are cracking down on money laundering. I loaded my serve a few months back and just happen to add two hundred dollars split with a vgc. They had to call over a manager to just approve the cash add! I can see why since if a poor person or group was funneling loads of money without DL or SSN verification this would be so easy…

H
H

Terrible news but all Walmarts I know have been very difficult with selling MO with gift cards.

Danny
Danny

How many VGCs are people draining per visit to WM? I only do one $500 at a time because I don’t wanna raise any suspicion via multiple swipes or very large amounts. It takes a couple more trips but it’s right next to my grocery store

Recon
Recon

As stated above you can do 2 $500 vgcs for a $999.30 mo. I have a bb and serve so I typically load $500 to each at my visits to wmt. I’m not a big time mser— I’ll typically ms $5-7k/mo.

November
November

Why, what is the point of adding money to a prepaid CC? I am having a hard time figuring out what all the fuss is here. I have been buying MO for several years, as it is easier then going to the bank. I did notice that most places I go now to buy the MOs are asking for ID. But, I am intrigued with all of the talk about loading card and wondering what is the angle here. Is there some sort of way to make money or earn credit to buy things by doing this?

Hodor
Hodor

Serve and Bluebird are debit cards, not CCs. They provide a means to liquidate VGCs and MCGCs purchased with CCs.

Mark
Mark

This could be good actually. It doesn’t say you’re limited to only one transaction. If the id scan can be as quick as what CVS does, no big deal. And if they let you do $8000 at a time, that’s way better than the previous $1000 or $2000.

Jason
Jason

Could be good; but not likely so fast:
1. WM POS limits each purchase of any item (MO included) to 4 forms of payment, unless something has changed in the last few months. Therefore, a purchase of two MOs using the popular 4 x 500 GCs will be the POS limit, regardless if the AML policy allows 3K or more per transaction daily.

2. WM POS and IT is slow and antiquated. Unlikely to be a fast ID scan like CVS, but let’s hope it is!

Mimi
Mimi

This memo is not coming from MG auditors, this is from AMLC so WM may have to toe the line especially filing of eMSARs. I have encountered strict cashiers where there was no register prompt but they filed eMSAR for $600 face value; will not be surprised if they become stricter with this memo.

mjs
mjs

So, what happens if you “accidentally” give them a SSN that is a digit off? I imagine there are a few people that don’t mind showing an ID, but aren’t going to want to give a large corporation (with limited security protocols) a SSN.

barrytuneup
barrytuneup

folks here are way too greedy and that is why WM is changing. My 2 WM have been 2k daily for years. So what if I have to show an ID? Just be happy with that. I clear a set amount of $ per year and am happy. Hopefully this will last. Doubt highly anyone can do 8k..but we will see.

Mimi
Mimi

I’d rather cancel transaction and give an alibi (like I left my ID or I have to check my balance first) than provide them with fake social. Either comply with real ID+social or just leave w/o MO.

iahphx
iahphx

I think this game is getting harder for the “professionals.” That’s not necessarily a bad thing for the folks who just want to buy a few money orders for sign up bonuses, some office supply spending and gas points. The alternative is worse — no more money orders on gift cards. This was never a sustainable “career” to buy tens of thousands of dollars of money orders a month. Red flags have been flying. The optics of so many money orders is terrible.

bankbs
bankbs

All this anti money laundering bank regulation is so over the top and like most regulation, doesn’t get the results intended. It’s more like a make-jobs program for bureaucrats and bank back office folks.

Many people “have nothing to hide” but still resent the inconvenience.

Mimi
Mimi

>>Many people “have nothing to hide” but still resent the inconvenience>>

Exactly. I cannot blame the influx of newbies to MS because of how it is presented by a lot of bloggers enticing people about free travel and how profitable it is even for non travelers. And with more players today, we can expect stricter policies to thin the herd; it boils down to survival of the fittest.

C
C

I had a very friendly WM go down in flames recently. For a while, was doing $2900/day with no issues whilst being extremely respectful of the line behind me. Then one day back in April was told that everything had to be on one transaction. Fine, I played along since the ROI was worth it to me. Then, one particular CSR began demanding ID/SSN for any transaction at all. I began to avoid them like the plague. Three weeks ago, a yellow-vest put on her big girl pants and stated they cannot take pre-paid vgc any more. I never broadcast what I was doing as I knew this was quite delicate already. My routine was to just “purchase 2 mo’s, 4 swipes of 500 each”. I was able to speak to one of the extremely friendly csrs that i built a relationship over the years with and she stated that the manager put the clamp down due to “structuring”. Sigh…I didn’t want to get into the nuances of what structuring was so I just left it. Was going to speak directly with the manager to clarify what’s going on and what “we” do, but I decided against it waiting for attrition to work its magic. And now this…

Back to Top ↑