Can You Cash Paychecks At Register At Walmart

Walmart isn't merely an American hub for retail shopping -- it's besides a pop destination for those in need of certain financial services.

One of those essential financial services is check-cashing, which is provided past Walmart Coin Center (usually plant in Walmart stores).

Similar to how you would cash a check at a bank, Walmart allows consumers to cash their checks and take money in their easily instantly.

Information technology allows people without bank accounts (or those who choose non to employ them) to cash their checks.

Notice out everything yous demand to know about using this fiscal service from Walmart.

What Types of Checks Can Be Greenbacks?

Walmart is very strict with the kinds of checks that is accustomed for its bank check-cashing services every bit check fraud is a problem.

Therefore, simply the following checks can be cashed:

Payroll checks
Government checks
Tax refund checks
Cashiers' checks
Insurance settlement checks
401(1000), retirement disbursement checks
MoneyGram money orders issued at a Walmart

As you can meet, personal checks are non included in the list. Walmart will greenbacks preprinted checks, as in those where the check isn't handwritten.

Ineligible checks

The types of checks that Walmart won't greenbacks include:

Handwritten checks
Personal checks
Checks with multiple payees
Checks dated more than than 180 days prior
Post-dated checks
Non-MoneyGram money orders
MoneyGram money orders not issued at Walmart

Check-Cashing Limits

Walmart has a simple limit for check-cashing: $5,000 per check.

During the months of January through April, this limits is increased temporarily to $7,500 to accommodate the larger checks that customer might bring in every bit a outcome of their tax refunds.

Funds Payment Methods

There are 2 ways to receive the cashed funds:

Cash
Reloading a Walmart MoneyCard

When you choose to load the funds onto a Walmart MoneyCard, the typical reload fee is waived.

The Walmart MoneyCard option is a decent pick if you already utilise the prepaid card account regularly as office of your fiscal organization.

How Much Does It Cost?

Walmart charges a unlike check-cashing fee based on the check corporeality.

For checks of $1,000 or less, the maximum fee is $three.00.

For checks of more than than $1,000 up to $5,000, the maximum fee is $6.00.

The fee is deducted from the value of the check then that you'll receive less than the check corporeality.

What Data Do You Need to Provide?

While no registration is needed, y'all will need to provide an endorsed cheque along with a valid form of authorities-issued ID with your photo (due east.g., country ID card, commuter'south license, U.Due south. passport, etc.).

Additionally, exist prepared to provide your Social Security number.

Compared to Cashing Checks at a Bank

When you receive a check, y'all tin go to the bank that issued the bank check to greenbacks it -- no demand to deposit it into your own bank account.

The paying bank volition verify the check immediately and pay out the funds to the bank check recipient.

Nevertheless, this usually comes at a cost.

Banks may charge a non-customer check-cashing fee, which could be a stock-still corporeality or percentage of the cashed amount.

There are the costs of cashing checks at banks equally a non-customer:

Cost of Cashing Checks for Non-Customers

Banking concern	Not-Client Check Cashing Fee
Bank of America	$eight per check for amounts greater than $50.00
Chase	$8
BB&T	Complimentary under $50; Over $fifty a fee of $eight
BMO Harris Banking company	$10 ($50 is the minimum amount you tin cash)
Capital One	Free
BBVA Compass	$10
Citibank	Complimentary for checks under $five,000
Fifth Tertiary Bank	i% of the check amount ($four minimum and $25 maximum)
HSBC Bank	Complimentary for personal checks; $iii for business checks nether $100 and $v for business checks of $100 or more
KeyBank	1.0% of the check corporeality ($iii minimum and $25 maximum)
M&T Banking company	2% of the check amount ($iii minimum)
PNC Bank	Complimentary for checks $25 and under; two% of the cheque corporeality for checks greater than $25 ($2 minimum)
Regions Depository financial institution	Free under $x, but above $10, one% of the bank check amount ($two minimum and $20 maximum)
Citizens-Banking company	$7
SunTrust	Free for checks $l or under; $7 if greater than $50
TD Banking concern	$x
Marriage Bank	$ten fee for personal checks over $100; $x for business checks over $25
U.S. Bank	$5
Wells Fargo	$7.fifty

Like Walmart, banks will require identification before disbursement of funds. Normally, banks ask for two (ii) forms of government-issued ID.

More expensive, but more attainable

Compared to Walmart, banks tend to charge a college fee to cash a bank check.

However, you may observe that information technology is more convenient to go to a bank branch considering at that place are simply more of the bank's locations than the number of Walmart stores in your area.

Personal checks cashed

Another large departure is that banks volition greenbacks your personal checks (again, if issued by that bank).

These are the checks that are handwritten and are considered too risky to cash by Walmart.

If you accept a personal check and you don't have your ain bank account, you may have no option than to visit the issuing bank to cash the check. As a event, the non-customer check-cashing fee is likely to exist unavoidable.

No limits

Unlike Walmart, banks have no stated limits on the size of the cheque that they'll cash.

If the check funds are verified to be available, the bank shouldn't limit the payment.

So, even if you have a preprinted check, the corporeality may exceed the limits accepted by Walmart. Again, this forces you to utilize the issuing bank (or a banking concern account).

Conclusion

Walmart offers a check-cashing alternative for consumers -- cheaper than banks and even cheaper than mom-and-pop check-cashing stores.

The downsides are the restrictions on the types of checks and cheque amounts.

Ideally, the checks are deposited into a checking business relationship. People who struggle to get approved for a traditional checking account may consider applying for an online checking account or a 2d-chance checking account.