Can you cash paychecks

And there may be restrictions, such as limits on check amounts and refusal of two-party personal checks. Checks that are six months old or more might be declined. There are a number of big retail stores like Walmart, Kmart and grocery chains that offer check-cashing services.

Joining the program is free. Grocery chains often provide check-cashing services. Prepaid cards are similar to checking account debit cards. Your spending is limited by how much money you have loaded onto the card. Prepaid cards have different options for check cashing. Some prepaid cards let you set up direct deposit so that checks are automatically loaded onto the card.

Other cards come with an app that lets you snap a picture of your check to load it onto your card. Or, you might be able to deposit your check at an ATM to load the money onto the card. Fees are a big drawback of prepaid cards. Reload fees can be steep. Sometimes, prepaid card fees are scaled according to how quickly you want your money, and you can get dinged for expedited availability. Check-cashing outlets are probably the most expensive places to cash checks.

In addition to a membership fee, they might charge a first-time use fee. Fees to cash a check can range from 1 percent to 12 percent of the face value of the check. Some businesses charge a flat fee on top of the percentage. Not only are check-cashing stores exorbitantly expensive, there is a risk of deceptive practices. The Better Business Bureau, for example, alerts consumers to a scam where customers of a check-cashing store are called by someone who claims to represent the business.

The caller offers the customer a loan and requests payment to secure the loan. Moreover, Hanscom Federal Credit Union's privacy policies do not apply to any of the linked websites within this blog.

Please consult the privacy disclosures on those linked sites for further information. Filter by Category. Diana Burrell Aug 23, Here's how: 1. Cash it at your financial institution You've probably got a checking or savings account and if not, this is the time to set up both.

Cash it at the issuing financial institution Most financial institutions will honor a check drawn from an account of theirs because they can check the balance while you're standing there.

Cash it at an ATM Machine If you don't have time to get to your branch when it's open, your financial institution may allow you to deposit checks through an ATM machine. Sign up for direct deposit With direct deposit , the money you've earned is deposited directly into your checking or savings account by your employer. Deposit it remotely If you've got a computer with a scanner, or a smartphone or tablet, there's no need to visit a branch or an ATM to cash your payroll check.

Mobile Banking , Work , Checking. About Author. You are Leaving Hanscom Federal Credit Union Please read the following before proceeding to: The website you are about to visit is solely the responsibility of the merchant or other party providing the site. Subscribe To Blog. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Instead, they rely on alternative financial services, such as check cashing companies and payday lenders, to meet their needs.

Without a bank account, something as simple as cashing a check can become a headache. Still, there are ways to cash a check without paying steep fees. When deciding where to cash a check, there are multiple options to choose from. Depending on whether you have a bank account or not, some avenues may be more obvious than others. Here are the top places for check cashing that you may consider.

If you have a bank account or an account at a credit union , this could be the best option for cashing a check. Federal law does not require banks or credit unions to cash checks for people who are not their customers.

In other words, you could take the check to the bank of the checkwriter. Walmart offers check cashing services in its stores. The fee depends on the amount of the check:.

The types of checks you can cash at Walmart include:. There are limits on how much you can cash at Walmart. There may be a fee to cash a check. In lieu of a fee, a grocery store may require you to make a minimum purchase, as WinCo Foods does. Select basic ads. Create a personalised ads profile. Select personalised ads.

Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors.

Table of Contents Expand. Table of Contents. Reasons to Open a Bank Account. What You Need to Cash a Check. Where to Cash a Payroll Check. Your Employer's Bank. Check Cashing Kiosks. Cashing Checks at Retail Stores. Prepaid Bank Cards. Check Cashing Stores. Ask Friends and Family. By Alison Doyle.