Receiving a check is almost always a good thing. The only catch is that you must do something with your check before spending that money. The check is often free of charge, but some places charge a lot for exchanging a check for cash. Paying in cash for a check can be frustrating and leaves less money to spend. Where to cash a check without bank account?
Unfortunately, life without a checking account is expensive. Almost every available cash check service imposes fees – and many service providers will not cash personal checks.
So what are the alternatives to cash checks for individuals without a checking account?
Visit the issuing bank
Most banks will be ready to redeem checks that have been issued from their accounts, which means you can visit the local branch of the issuing bank to cash your check. The big advantage of this is that you’ll often be able to carry out both personal checks and payrolls.
Withdraw a check without a bank account
It is possible to cash a check without a bank account, but it is not so convenient and you will have to pay some fees.
How to cash a check without a bank account but you have an ID:
- Make a cash withdrawal at the issuing bank (this is the bank name printed previously on the check)
- Make a payment in a store that carries out checks (discount department store, grocery stores, etc.)
Withdraw a check in cash desk
Deposit at an ATM into a prepaid card or debit card account without checks
All these options will be subject to fees and can be time consuming. Fees may be small, but they add up. If you earn $ 300 a week and pay $ 7 to withdraw, then the 2% withdrawal only serves to convert the withdrawal to cash. That’s $ 360 a year!
Save money and time and open a bank account. Once you have a checking account, you can probably receive a direct payment (the employer pays the check directly to your account) or you can deposit your check via an ATM.
Check cashing at Walmart and other stores
The following national stores and major grocery stores will carry out pay checks along with government issued checks, such as social security and tax refund controls. They usually also accept cashier’s checks, insurance checks and retirement plan payments. Kmart and Publix are the only sellers listed below that accept personal checks. Some regional or local grocery stores not listed below may also make cash checks. Visit a customer service point at your local supermarket to find out if cash checks and what types of cards are accepted.
Types of checks
The type of check is important. Checks issued by the government are the best because they are considered secure – they are less likely to bounce. This includes tax refunds, social security benefits and other checks issued by the US Treasury. 1 Local government checks are also somewhat “secure”. Personal checks – with information that is handwritten rather than computer-printed – are generally the most risky type of cash check. You may be able to cash them if they are relatively small, but you pay more.