You can cash a check in several places, depending on whether you have a bank account and the type of check:
- Your own bank or credit union : This is usually the easiest and cheapest way if you have an account. You can cash or deposit the check with no or minimal fees
- The issuing bank : You can cash the check at the bank that issued it, even if you don’t have an account there. Usually, you need to show valid ID and the check must be recent
- Retailers like Walmart : Walmart cashes many types of checks including payroll, government, tax refund, cashier’s, insurance settlement, and 401(k) checks. They charge a fee (e.g., $4 for checks up to $1,000). Personal checks are generally not cashed except limited two-party checks with restrictions
- Standalone check-cashing stores : Places like Check City or Moneytree cash checks for a fee, often a flat rate or percentage of the check amount
- Mobile apps and prepaid debit cards : Services like PayPal let you cash checks by depositing them via mobile deposit. Prepaid cards can also be loaded with check funds, though fees can apply
- Other banks (non-account holders) : Some banks cash checks for non-customers if the check is drawn on their bank and funds are available, often charging a fee. Policies and fees vary by bank
In summary, if you want to cash a check quickly and without a bank account, Walmart and check-cashing stores are common options. If you have a bank account, your own bank is best to avoid fees. Always bring valid ID and be aware of fees and limits depending on the location and check type
