How To Cash A Check

How To Cash A Check | Distinct Ways To Cash A Check

Cash is the most common form of payment in the world. It’s easy to do and can help you get you to make your purchases on the net payment. However, digital ways of payment surpass cash handling. But checks are used widely.

One may get his payment in check or arrears from any organization or company. Still, you have to use the checks. Once you get a check, you can deposit it into your account or get the cash. So in this article, we will describe how to cash your check using different methods.

Different ways to cash a check

There are different ways to cash a check. It depends on your preference and conditions. So we will discuss each that may help you out.

Do you need an ID to cash a check?

Sometimes it’s necessary to have an authentic ID while cashing a check, especially when you are cashing third-party checks or retailers like Walmart. Different types of IDs can be used to cash the checks. Some of these are:

  • Military ID
  • Passport
  • Service ID issued by the state
  • Visa
  • Driving License
  • Arms License

How to cash a check at your bank?

When you have received the check, you can go to the bank where you already have an account. Then go to the representative of the bank and follow the steps to Cash a check with Bank Account:

  • Ask for the charges of cashing if there are any.
  • Endorse the check on the backside. (i.e., sign the check)
  • Fill out the payment slip if they ask to and sign it.
  • Take your cash, and you are good to go.

Sometimes the banks don’t have enough cash at that moment. They give you a down payment of the check. For example, for a check of $1000, they will give you around $200, and the rest will be deposited into your bank account. To deposit the check in your account, you must consider that it may take two or three days. Then you can withdraw the cash by using your debit card.

How to cash a check without bank account at the issuing bank?

You can also cash your check from the issuing bank if you don’t have a bank account. But they may charge you a fee if you don’t hold a checking account in their bank. It will be some percentage of the check amount. You will receive the payment either in cash or deposited into your account. Depending on the bank service quality, this may take 2-3 business days. You have to go to the writer’s bank and follow the steps:

  • Endorse the check with your signature on the backside.
  • Present your check before the cashier.
  • He will ask for a copy of your National photo ID. It’s for security purposes and safekeeping. So they can keep a record of withdrawals.
  • After verification, he will cash your check.

It is beneficial to go to the check writer’s bank. Because they have access to the questioning amount from the writer’s check and will provide you with the total amount immediately.

How to deposit a check online using cell phone?

Many banks provide a facility to cash checks without paying a visit to the bank. It is done by using banking apps. Follow these steps to cash a check by using your cell phone:

  • Firstly endorse the check.
  • Now upload clear pictures of the front and back of the check through the app.
  • Wait for the confirmation message.

Either the amount is shortly deposited to your account, depending upon your bank. Or you have to wait 2-3 business days for the process. Later, you can use your debit card to withdraw an amount from your account.

How to deposit checks online using check cashing apps?

Numerous check cashing apps cash your check online and transfer the amount to your registered account. Make sure that you have a valid verified account on these apps. Because if you haven’t presented your photo ID in the past, they won’t process the transactions. Make sure to follow the steps:

  • Take two clear pictures of the front and back of the cash.
  • Upload it to check the cashing app.
  • Wait until the check is verified.
  • After the verification, the amount will be deposited to your registered bank account with the cashing app.

Sometimes the cashing app may ask for video verification of the person along with a check. It is due to saving from fraud or theft.

Some best mobile cashing apps

With their traffic status and customer satisfaction, these are considered the best check cashing apps. You can use one of these to cash your paychecks without an ID.

  • ACE Mobile Loads
  • Brink’s Money Prepaid
  • Walters: Your Mobile Banking
  • Lodefast Check Cashing App
  • Check Cashing Store
  • Boost Mobile Wallet
  • InGo Mobile cash

Is it possible to cash a check at an ATM?

Many banks have modern ATMs that can instantly provide you with the service. You have to deposit a check at one of your bank’s ATMs. The amount will be instantly transferred to your account or after 2-3 business days. So here is how to do it:

  • Insert your debit card into the respective bank ATM.
  • Enter the pin to access the menu.
  • From there, select the “Deposit Check” service.
  • Now insert your check in the check deposit slot.
  • Confirm the amount written on the check.
  • Now withdraw the amount you want.

You can only cash a check from the ATM of those banks where you have a registered account. Other ATMs may or may not provide this service.

Open A Checking Account Or Use Prepaid Debit Card

Opening a checking account may help you to cash your checks. You can either make a direct deposit to your account or use a prepaid card to cash the deposited check.

How To Cash Your Check When You Are In A Hurry?

Sometimes when you are in a hurry and need the check to be cashed instantly, you can use the following methods to cash a check.

Cash it from a retailer

You can always cash your check from several retailers or grocery stores. You should use this service as a last resort. Because they usually charge more than the financial institution which issued the check. You can either purchase the amount of the check or get the cash instantly. Some retailers may ask for your Photo ID copy or any identification documents. Some famous retailers in the USA areWalmart, Costco, and Home Depot. They provide a check-cashing facility.

Check cashing charges for walmart

  • Checks amounting to $1000 or less, there is a fee of $4.
  • Checks between $1000 -$5000, there is a fee of $8.
  • Two party paper checks worth $200, there is a fee of $6.

Moreover, some retailers won’t cash it unless you are their premium member. One safety measure that should be followed while cashing a check is always don’t sign the back of the check unless you need to cash the check.

Check Cashing Stores

Many private companies provide the service of instantly cashing the check. These companies are known for their high charges because they may charge upto 8% of your check amount for instant cash. Because they know they are dealing with customers who need money as soon as possible.

It is because they cash the check on risk without verification of the person. Moreover, a physical form of ID, i.e., government ID, is required to cash checks at check-cashing stores. So always have it with you when you are using such companies.

Using A Friends Favor Or Handing The Check Over To Someone Else

You can ask your friend or someone you trust for this favor. You can ask your friend to keep the check or, and he will give you the cash for the written amount. It is the best way to cash the check if you are in a hurry.

Safety Measures while cashing a check

There are specific safety measures you must take while cashing a check. It will not only promise smoother service but will also save you from many problems.

  • Always verify the person/organization that wrote you the check.
  • Check the address and last and first name of the person/ Organization.
  • Always ask for cash if you haven’t met the person or encountered the organization.
  • Ask for the contact information of the writer in case you have to reach them.
  • The check is made through a legitimate bank.
  • Check if sufficient funds are in the check writer’s account, which covers your amount.
  • Check for the credentials of the check. It is necessary that your name is written correctly on the check and it matches your name on your Valid PHOTO ID. Bank won’t cash the check if your name is written according to your identification document.
  • Always look for endorsement details. Check the date and amount and verify if they are written correctly.
  • Check for the owner of the account signature. Without the owner’s signature, you won’t be able to cash the check.
  • Endorse and sign the backside of the check before you cash it.
  • If the check is written in the payee of more than one. All payees have to endorse and sign the backside of the check.
  • But if they manage a single joint account, only one can cash the check by signing it individually.
  • Try to cash the check on the date it is given to you. Some checks have validity dates. After those dates, you won’t be able to cash the check.

Conclusion

We hope this article has helped you greatly with how to cash a check. If you have any questions, please let us know in the comments.

FAQS

Q: Can we cash a personal check without a bank account?

A: Yes, you can cash these checks from the issuing bank.

Q: Are there any charges for cashing payroll checks?

A: It depends on which service you are using. If you are cashing it from your bank, there will be no charges. But if you use any of the services mentioned above, there will be some charges.

Q: Can I deposit a government check into my savings account?

A: Yes, you can deposit your check, whether it’s govt or personal, in your savings account if it’s valid.

Q: Does Walmart cash third-party checks?

A: Walmart does not cash third-party checks due to potential fraud.

Q: Which bank or credit union offer check-cashing services to customers?

A: Metabank, Well Fargo, and Bank of America provide such services to their customers. These banks also offer two-party personal checks cashing service. But they typically charge a fee for it.

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