You can take your check to any checkout lane to cash it. Get more details at Walmart. If you also download the Transact App, you can load checks right onto your prepaid MasterCard. All you have to do is open the app and take a photo of the check using your cell phone. You can designate the check to be added to the balance of your Transact Prepaid Mastercard.
Look at your check for the name of the issuing bank. This is going to be the easiest place to cash that check. Most banks will cash a personalized check written to a non-account holder for a fee. Some will only cash a check that is written from one of their account holders. You should be prepared to show some form of ID when attempting to cash a check at a bank.
Wells Fargo our personal experience with this bank causes us not to recommend them. The service is enabled and facilitated by Ingo Money, Inc. Founded in , Ingo Money built a strong foundation in risk management.
The company developed specialized operational and risk management technologies to begin pushing cash digitally in Visit InGoMoney. In 5 months the interest alone would be the amount you borrowed.
In Arizona, there are some stores that will cash a paper check without requiring any form of ID. But they will charge a steep fee — upwards of 5 to 7 percent of the value of the check. Other stores require several forms of ID and look at the cashed check as a loan until the check clears.
If you stay away from the lending side of these businesses, you may be okay. Their fees for cashing checks range from reasonable to a little on the high side. Ace Check Express has more than locations across the US. It was founded in and has locations in 18 states. There are now more than locations around the U.
It was founded in and has more than locations. They may charge more for cashing paper checks. MoneyMart was founded in in Edmonton, Alberta.
Today they have more than locations in 32 states and Canada and the U. Their fees are some of the highest we have seen.
We recommend finding other options. In and Money Mart was sued for charging higher than reasonable interest rates. They paid damages without admitting guilt. Speedy Cash was founded in in Riverside, CA. They are now located in 12 states and have more than locations. Be sure to ask their specific rate before agreeing to cash your check there.
Most other grocers like Safeway, Kroger, HEB and more will not cash a check written to you personally, but they will cash the following items for a fee. We recommend calling before visiting:. According to Target customer service, they do not cash personal checks. But they do accept them as payment. You get the cash fast. And your friend can go to their own bank and deposit the check. But by far, the best thing you can do is to get financially strong. Establish good money habits.
When you deposit a check, it can take a couple of days before the funds are available, depending on who the type of check and who issued it. When you cash a check, you get the cash immediately. One of my favorite stores is Costco and it turns out that Costco does not cash checks. The same holds true for their two wholesale club competitors.
Go to the bank that issued the check — their information is on the check itself. The fee varies from bank to bank. This is the cheapest option, especially for non-official checks.
Call a local branch to find out their exact fee for your check. Join 6 million members who have made money taking easy and quick surveys on Survey Junkie. Approximately 8. There are ways to cash a check without a bank account, but they cost more money, often require more time and involve more risk than cashing a check at a bank where you have an account. Here are five options. Banks and credit unions are not required to cash checks for non-customers, but many banks will cash a check is written by an account holder at that bank, even if it is payable to a non-customer.
Also, the payee i. The payee also should expect to pay a fee. And there may be restrictions, such as limits on check amounts and refusal of two-party personal checks. Checks that are six months old or more might be declined. There are a number of big retail stores like Walmart, Kmart and grocery chains that offer check-cashing services. Joining the program is free. Grocery chains often provide check-cashing services.
Prepaid cards are similar to checking account debit cards. Your spending is limited by how much money you have loaded onto the card. Prepaid cards have different options for check cashing. Some prepaid cards let you set up direct deposit so that checks are automatically loaded onto the card. Other cards come with an app that lets you snap a picture of your check to load it onto your card.
Or, you might be able to deposit your check at an ATM to load the money onto the card. Fees are a big drawback of prepaid cards. Reload fees can be steep. Sometimes, prepaid card fees are scaled according to how quickly you want your money, and you can get dinged for expedited availability. Check-cashing outlets are probably the most expensive places to cash checks. In addition to a membership fee, they might charge a first-time use fee.
Fees to cash a check can range from 1 percent to 12 percent of the face value of the check. Some businesses charge a flat fee on top of the percentage. Not only are check-cashing stores exorbitantly expensive, there is a risk of deceptive practices. The Better Business Bureau, for example, alerts consumers to a scam where customers of a check-cashing store are called by someone who claims to represent the business. The caller offers the customer a loan and requests payment to secure the loan.
Of course, the loan is never received and the customer of the check-cashing store gets scammed out of their cash.
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