Does Walmart Cash Personal Checks

Places you can encash a check

Does Walmart Cash Personal Checks
Does Walmart Cash Personal Checks

With the evolution of technology, online payments are becoming more and more popular. As a matter of fact, they are the primary mode of payment for many people.

Traditional methods like encashing checks are still in force. As much as the digital payments take the driver’s seat in most transactions, such methods still come in handy. However, you’ll be surprised to find out that 39% of the world’s population don’t have a bank account. That is 7% of Americans without bank accounts.

So, it’s quite difficult to find a place where you can encash your check if you don’t have a bank account. Banks will decline the offer because they have no idea how to find you if the check returns invalid. Not to worry though because there are many companies that can encash your check for a fee.

The terms of service for each of these companies vary. So, here are some of the most reputable companies that allow you to encash your check without a bank account.

Walmart

Walmart stores are in almost every city. In fact, you can find 2 or more in a single city. Besides that, they have fair prices on almost everything including cashing checks.

For example, you only need to part with $3 for encashing a check worth $1,000 and below. If you intend on encashing a check worth more than a $1,000, they’ll charge $6 as fees.

It gets even better because Walmart lets you choose between instant cash or you could stash the money in the Walmart Moneycard.

Types of checks they encash

  • Government checks
  • Cashier’s checks
  • Payroll checks
  • Insurance and settlement checks
  • MoneyGram money orders purchased at a Walmart store
  • 401k and other retirement distribution checks

Keep in mind that the limit for every check they encash stands at $5,000 and $7,500 in the tax season that is January to April. In addition to that, the rules surrounding check cashing will vary from one state to another.

Regions Bank Branches

There are many Region Bank branches across the United States and they offer check encashing services. The value of the check you intend on encashing will determine the percentage you’ll be charged as a fee which is between 1% and 5%.

Types of checks they encash

As mentioned earlier, banks aren’t in the habit of cashing checks if you don’t have an account with them. However, with Regions Bank, things are different. You can encash a check even if it wasn’t drawn from them. Below are some of the checks they encash:

  • Payroll checks
  • Money orders
  • Government checks
  • Business and handwritten 2-party consumer checks

Credit unions or the bank issuing the check

It is common to encash a check with the bank or maker who issued it. Usually, the information regarding the maker can be found on the check itself. For example, if you have a check issued by Wells Fargo, you can cash it any Wells Fargo bank.
More often than not, banks won’t charge you a fee while encashing a check with them. However, there are banks that will charge you a certain fee if you don’t have a savings or checking account with them. In addition to that, other restrictions still hold.

Note that you will need valid identification such as a state driver’s license, passport or a valid ID. Other forms of identification may be accepted.

Grocery stores

Grocery stores populate the country, making them suitable locations to encash a check. As much as they can encash checks, the types of checks will vary from one grocery store to another. However, most of them will encash payroll and government checks from companies in the area. The fees charged will vary from store to store, but here are some that offer check encashing services.

Publix

You can find a Publix store near you if you’re in the East Coast. Virginia, Tennessee, South Carolina, Florida, North Carolina, Georgia and more. According to the store’s website, Publix cashes personal and payroll checks.
It, however, doesn’t mention anything about government checks. You can also purchase money orders, but you can’t encash them.

Kroger

Expect to encash electronically signed checks like government checks and payroll checks worth a maximum of $5,000. Kroger could also cash insurance and business checks as well with the exception of handwritten checks.

Kroger owns a string of other grocery stores like Fry’s Food, King Soopers and Fred Meyer and you will be subject to the same terms while encashing a check at these stores.

Winn Dixie

Winn Dixie has branches in Florida, Mississippi, Louisiana, Alabama and Georgia. Their policies regarding cash checking are limited. For example, you can’t encash a payroll check that’s worth more than $500. You’ll have to contact other stores for more information or visit other stores.

Albertson’s

You’ll find Albertson’s stores in Colorado, California, Arizona, New Mexico, Texas, Oklahoma, Florida, Wyoming and Louisiana.

Apart from personal checks, Albertson’s will encash other electronically signed checks like government and payroll checks. The maximum you can encash is capped at $1,000.

Check cashing entities

There are multiple check encashing entities that will encash checks for you for a fee. The fees extended to you will vary from one entity to another as well as the individual in question. Below are some reputable encashing entities in the United States.

Friendly Check Cashing

Friendly Check Cashing has stores in most of North Carolina and some of the checks they encash include:

  • Government checks
  • Cashier’s checks
  • Money orders
  • Tax refund checks
  • Insurance checks
  • Payroll checks
  • Personal checks 401k checks
  • Checks made to a business

Their name may be friendly but Friendly Check Cashing charges a whopping 10% as fees. That’s a lot by many standards. Anyway, if you decide to use them, you’ll need to produce valid identification documents.

Ace Cash Express

As long as you have a valid identification document like an ID, you can encash at just about any check at Ace Cash Express. Here are some:

  • Insurance settlement checks
  • Personal checks
  • Government checks
  • Money orders
  • Payroll checks
  • Checks made payable to certain companies

The fees to be charged aren’t listed on the website, but they claim to encash checks of any value. However, there’s always a catch. There are certain terms and conditions to meet before approval. You can visit their physical stores to get more information.

Check into Cash

There’re more than 1,000 physical stores according to the Check into Cash website offering check encashing and other money services. Check out some of the checks they encash:

  • Insurance checks
  • Cashier’s checks
  • Money orders
  • Tax refund checks
  • Government checks
  • Handwritten or printed payroll checks
  • A number of personal checks

Speedy Cash

This entity has stores across the United States. You can encash your check at a number of their stores although their website doesn’t list them. So, you’ll have to do the digging yourself.

Some of the checks you can encash are:

  • Cashier’s checks
  • Government checks
  • Payroll checks
  • Money orders
  • Personal checks

Their website also indicates that they can encash checks of any value. So, that’s a plus to you. The fees though aren’t clear because they do business in a number of states.

Tips when encashing checks at cashing stores

There are entities that offer check encashing services other than banks, but it’s critical that you understand there are some terms and conditions. So, here are some tips on what you expect when cashing at a non-bank entity

There are Fees

You are likely to pay some fees to facilitate the transaction if you intend on encashing a check at non-bank entities. These fees will vary from one company to another as well as the state the company is located.

More often than not, the fees are charged as a percentage of the amount you intend on encashing. You can visit the store’s website or physical location for more information.

You Need to Identify Yourself

You can never encash a check without a valid identification document. So, the next time you plan to encash a check, you better carry some form of identification, such as a passport and state driver’s license.

There are limits to how much you can encash

Various stores have varying limits on how much you can encash. So, it is important that you visit their websites or physical stores for more information.

On the other hand, if you want to avoid the above limits and fees, it is advisable that you open a bank account, particularly a checking account. In addition to that, certain banks require that you have a clean bill of financial health when it comes to your banking history.

Others are quite lenient about who can open a savings and checking account. So, look, around if you get turned down by one.

There are limits to how much you can encash

Various stores have varying limits on how much you can encash. So, it is important that you visit their websites or physical stores for more information.

On the other hand, if you want to avoid the above limits and fees, it is advisable that you open a bank account, particularly a checking account. In addition to that, certain banks require that you have a clean bill of financial health when it comes to your banking history.

Others are quite lenient about who can open a savings and checking account. So, look, around if you get turned down by one.

Summary

The next time you need to encash your check without a bank account, you know what to do. You are now more knowledgeable when it comes to the terms and conditions regarding cash checking services at banks or non-banks.

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