- 1 What are personal checks?
- 2 How to verify the legitimacy of your cheque
- 3 The Requirements For Cashing A Personal Check
- 4 Where Can You Cash Personal Checks?
What are personal checks?
There are almost as many different types of checks as coffee drinks, and checks are essential pieces of paper. You may come across personal checks, cashier’s checks, certified checks, and traveler’s checks. Whichever type of check you receive, you may wish to convert it into cash. This is known as personal check cashing.
You can do this in a bank, credit union, or check-cashing facility, among other places. However, you can’t just stroll into any bank and expect the cashier to turn your check into cash in seconds.
Most check cashing services will charge you a fee, and not all banks will cash checks if you aren’t a customer.
How to verify the legitimacy of your cheque
Does it physically resemble a real check?
Paper checks come in various forms and designs, making it challenging to tell if one is genuine or phony. However, you may identify telltale indicators that could point to a fake or changed check, such as odd markings or misspelled words. You should be cautious when approving the check if there are smudges, color differences, or inconsistencies in the information.
Are the other informational details on the check accurate?
You can also examine all the additional information included in the check. Is your name spelled correctly, for instance? Or is the amount properly written? If there are any errors in these facts, you can have trouble cashing the check if your name doesn’t match your ID.
Is the bank that issued the check a reputable one?
If you receive a personal check and the bank stated is unfamiliar to you, do some online research and phone the number provided to ensure the bank is authentic. Exercise caution when receiving payment in the form of a check from unreliable sources since many scammers write fake checks with fictitious bank names.
The Requirements For Cashing A Personal Check
Bring a valid form of identification with you if you want to cash a personal check. The following are some examples of common government-issued identifications that are recognized when you cash checks:
- US passport or ID card
- Driving license
- A city ID card
- A state ID card
- A military ID
Where Can You Cash Personal Checks?
Personal check cashing at 7-Eleven
Sincerely, when I did some investigation, I was shocked to learn that 7-Eleven provides some banking services. Because I’m so used to getting slushies, I never even considered that the convenience store would provide some payment options. However, here we are!
You may already be aware that 7-Eleven sells prepaid cards and money orders, but if there is a check-cashing kiosk at a 7-Eleven close to you, you can use it to cash checks, pay bills, etc.
Additionally, you have the choice of using their [email protected] prepaid Mastercard, which entitles you to the following:
- Use your reward card to link for more points.
- Add money to your prepaid card.
- Use the [email protected] App’s Mobile Check Load feature to load a check worth $100 or more.
- Instead of paying per transaction, pay a $5 monthly charge.
- Repeated Direct Deposit
Although it’s probably not a good idea to sign up for another prepaid card, you can take the check and load it onto this one if you still want it.
Personal check cashing at local grocery stores
With neighborhood food stores, using personal checks might be hit or miss. They may accept them or not. To be sure, you must speak with the customer service team and find out what checks they accept.
Some businesses will cash payroll checks and accept money orders. However, they might not take handwritten checks into cash slips. Fraud is far too likely to occur.
Four nationwide grocery chains that cash personal checks include Publix, Kmart, Albertson’s, and Safeway. Therefore, the answer to the question “Does Publix cash personal cheques” is “yes, they do.”
Check cashing costs can range from free to $6 per check or 2% of the check’s balance, depending on the retailer.
Before attempting to make a purchase, you might wish to familiarize yourself with the cashing policy of the particular store in question.
Walmart personal check cashing
Since it has locations all around the country, most consider it one of the best places to cash a check. If you need to cash a check, you can do so simply by going to the closest Walmart rather than stopping by the bank.
One of the best ways to cash a check without a bank account is to use Walmart. The good news is that Walmart can cash a wide range of checks, such as the ones listed below:
- Checks for retirement account or 401(k) distributions
- government checks
- payroll checks
- stimulus checks
- tax refund checks
- insurance settlement checks
- cashiers’ checks
- most pre-printed checks
For balances under $1,000 and over $1,000, Walmart charges a maximum of $4 and $8, respectively, for cashing these checks. From January to April, the cap rises to $7,500 from $5,000. The check-cashing cap may change per state laws in your area.
How about personal checks, though? Can you cash personal checks at Walmart? Walmart’s website states that it cannot accept personal checks, although it can cash two-party personal checks as long as the total is under $200. The cost is capped at $6.
Give your local Walmart a call to see if you may cash your personal check there if it is less than this amount.
The issuing bank
Going to the bank where the check’s issuer has an account is one of the best ways to cash one.
You can find the name of the bank at the bottom left corner of the check, usually immediately above the memo line.
The locals can then see whether or not there are resources accessible. If the money is available, you will receive your payment.
However, if they aren’t, you won’t receive the money, but at least you’ll be aware that you won’t be required to pay for anything you’ve already purchased.
However, you will need to provide your ID so that it can help with confirming your identity. Additionally, you can be requested to come up with a non-customer fee given that you are not one of their clients.
However, not all banks impose that, so before visiting them, you might want to do some research on their website. If they do, it will probably depend on how much you intend to cash in.