Which banks will cash a check and what you need to know

Understanding Check Cashing Options

Cashing a check is a common financial transaction, but it's important to understand your options and requirements. Whether you're a bank account holder or not, multiple banking institutions and alternative services are available.

Banks That Cash Checks

1. Your Own Bank or Credit Union

   • Account holders typically receive free check cashing services
   • Non-account holders may face fees ranging from $5-$10

2. Major Banks

   • Bank of America
   • Chase
   • Wells Fargo
   • Citibank

These banks generally cash checks drawn from their own accounts for non-customers, though fees may apply.

Required Documentation

To cash a check, you'll typically need:

• Valid government-issued photo ID (driver's license or passport)
• Social Security number (in some cases)
• The physical check, properly endorsed
• Proof of address (utility bill or lease agreement)
• Secondary form of ID (some locations)

Alternative Check Cashing Options

Retail Stores and Services

• Walmart: Fees start at $4 for checks up to $1,000
• Kroger: Various fee structures based on check amount
• 7-Eleven: Available through TransacTional Terminals
• Check-Cashing Stores: MoneyGram and Western Union

Warning: Check cashing stores often charge significant fees, sometimes up to 10% of the check amount.

Modern Alternatives

• Mobile banking apps
• PayPal mobile check capture
• Ingo Money app
• NetSpend prepaid debit cards

Check Types and Special Circumstances

Different types of checks may be treated differently:

• Personal Checks: Subject to more scrutiny
• Payroll Checks: Easier to cash, especially from reputable companies
• Government Checks: Widely accepted and often cashed without fees at:
  • Any FDIC-insured bank
  • U.S. Post Office locations
  • Credit unions

Security Considerations

To protect yourself from fraud:

Tips for Safe Check Cashing

1. Compare fees before choosing a service
2. Keep your receipt
3. Call ahead to verify service availability
4. Visit during non-peak hours
5. Consider direct deposit to avoid check-cashing hassles
6. Verify funds before cashing
7. Endorse properly in the designated area

For more detailed information, visit the Consumer Financial Protection Bureau or Federal Deposit Insurance Corporation.