Top 5 Places to Cash a Personal Check Made Out to You
Are you one of the many individuals who receives personal checks, but don’t have a bank account? Worry not, because there are several places where you can cash those checks easily and conveniently.
In this article, we will be discussing the top 5 places to cash personal checks made out to you.
1. Walmart
Walmart offers a check-cashing service to its customers at a nominal fee. All you need is a valid government-issued ID, and you can cash your check at any Walmart store location.
The fee charged by Walmart depends on the amount of the check. However, the fee is lower than what other check-cashing services charge.
2. Local Bank or Credit Union
If you want to avoid paying a service fee, you can try cashing your check at a local bank or credit union where you have an account. Most financial institutions allow their account holders to cash personal checks made out to them for free.
It is important to note that you may need to bring your ID and the account number to cash the check. Also, some banks may put a hold on the funds until the check clears.
3. Check-Cashing Stores
Check-cashing stores specialize in cashing personal checks. Many of these establishments offer other financial services, such as money orders, bill payment, and prepaid debit cards.
The fees charged by check-cashing stores can be higher than those of Walmart or a local bank. However, they can cash large checks and often have extended hours.
4. Grocery Stores
Several grocery stores, such as Kroger and Publix, have check-cashing services available to their customers. To cash your check, you will need to bring a government-issued ID.
The fees charged by grocery stores for check-cashing services are usually lower than those of check-cashing stores. However, remember to check the terms and conditions before utilizing this service.
5. Mobile Check-Cashing Apps
Mobile check-cashing apps, such as Ingo Money and Ace Mobile, allow you to deposit your check right from your smartphone. These apps require you to take a picture of the front and back of the check. The funds are usually available within minutes, but a fee is charged.
Before using a mobile check-cashing app, read the terms and conditions carefully, as the fees and limitations can vary.
Conclusion
Cashing personal checks made out to you is easier than you may have thought. Walmart, local banks or credit unions, check-cashing stores, grocery stores, and mobile check-cashing apps offer several options. Be sure to choose the one that best fits your needs and budget. Always read the terms and conditions before using a check-cashing service and make sure you have a valid ID when cashing your check.
