While it may be a little more time consuming for you, in reality it may be a faster way of getting funds to us and then onto our broker in Iraq.
When you submit through the pay apps it takes anywhere from 2-5 days to clear and then sent to our account where it is pending another couple of days. It can be nearly a week before the funds are ready to wire from our account.
CashApp has a $25,000 per week withdrawal limit. We hit that target and now have over $9,000 ready and that number is rapidly growing. We could hit our weekly limit in a couple of days whenever this ‘week’ is up. Much of these funds may see 7 – 10 days or even more before they are clear to be wired to Iraq.
If you get a cashier’s check and overnight it to us, we’ll have it the following day. We can mobile deposit up to $50,000 per day. This goes for US bank Cashier’s Checks only. Foreign checks must be deposited at a branch.
Is this the same for a money order? No. We cannot mobile deposit money orders. I don’t know why, but those need to be taken into the bank and the nearest branch is almost 20 miles away. We would greatly appreciate sending a cashier’s check.
We will hold any checks that require a trip to the bank and take all we have once per week. That may not be very fast for you.