How To Cash a Check Without a Bank Account

How To Cash a Check Without a Bank Account

Student depositing check with mobile phone stock photo PhotoInc /
According to the latest figures from the Federal Deposit Insurance Corp., over 7 million U.S. households are “ unbanked. ” That means that no one in the family has a check or savings account at a bank or credit union. This rate is the lowest since 2009, when the FDIC started tracking the name .
Millions of Americans don ’ t have a bank account even sometimes distillery need access to bank services, including check cash. Keep read to learn how and where to cash a check without a trust account.

How To Cash a Check Without a Bank Account

even if you don ’ t have a bank account, that doesn ’ deoxythymidine monophosphate mean you won ’ thyroxine be able to cash a check. here are several options that are available .

The Issuing Bank

You can try to go to the savings bank that issued the see and see if they will cash it for you. You can go to the nearest ramify and go up to the teller and ask .
Earn Perks With A New Checking Account
notice that no law requires them to cash a assay for noncustomers, and they may charge you a tip to do so .

Certain Retailers

Some retailers offer check-cashing services for a small fee. Walmart, for exemplar, will cash bipartisan personal checks of up to $ 200 for a fee of up to $ 6. For all early types of checks, the cashing limit at Walmart is $ 5,000, and you ’ ll wage a fee of up to $ 8. You can get cash or load a Walmart MoneyCard for convenience. If you ’ re wondering how to cash a personal check without a trust account, this is an easy choice american samoa long as the total of the crack does not exceed the cash limit .

Check-Cashing Stores

Check-cashing stores are in the business of cashing checks but may have the highest fees. still, it ’ s an option for you to consider. Amscot, for exercise, will cash about all kinds of checks with no limits. If you ’ re wondering how to cash a boastfully arrest without a bank account, this is one way. Be aware that Amscot charges a tip of 9.9 % to cash personal checks or money orders .
Earn Perks With A New Checking Account

Prepaid Cards

Another choice is to get a prepay calling card. Visa offers a postpaid card with mobile check deposit so you can deposit your check directly. The Visa prepaid card is an excellent way to keep your money safe and make purchases anywhere Visa is accepted.

Sign It Over

If all else fails, you can consider signing the check mark over to a trusted individual who does have a bank history and have them cash it for you. You might want to go with them in case they have questions about the check or if they require your identification .
here ’ s an case of how a check typically looks :
how to cash a check without a bank account

Other Considerations

You May Have To Pay a Fee

Depending on where you cash your check, you will have to pay a fee. Check-cashing stores and payday lenders have the highest fees and should be avoided if possible. Prepaid cards are reloadable, so once you buy the batting order, you can deposit checks repeatedly without extra fees .

You Will Likely Need Some Form of Identification

typically, if you are cashing your check at the issuing deposit, a retailer or other stores, you will have to provide some form of identification .

Consider Opening a Bank Account

If you ’ rhenium able, you should consider opening a bank score so you can access all of the bank and fiscal services that banks offer. many banks offer free check with no minimal symmetry requirements .

About the Author

Scott Jeffries

Scott Jeffries

Scott Jeffries is a seasoned technology professional based in Florida. He writes on the topics of business, technology, digital marketing and personal finance.

After earning his bachelor’s in Management Information Systems with a minor in Business, Scott spent 15 years working in technology. He’s helped startups to Fortune 100 companies bring software products to life. When he’s not writing or building software, Scott can be found reading or spending time outside with his kids.

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Category : Finance

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