Are you looking for a way to cash a recent check without relying on a checking or savings account?
It’s possible to get by without having to open a checking or savings account at a local or global bank.
This is especially the case if you conduct financial affairs using credit cards, virtual currency, and/or cash.
What happens when a check comes along?
Believe it or not, you have lots of options. You actually can cash a check at your nearest Walmart.
Read on to learn more about how this works.
1. Make Sure Your Check Fits the Requirements
It’s possible to cash a variety of checks at Walmart. Make sure yours fits under Walmart’s accepted forms of checks.
These include payroll, tax, government, and insurance settlement checks. Walmart will also help you cash cashier’s checks, retirement distribution checks, and MoneyGram money orders bought in-store.
Note that Walmart does not accept any personal or handwritten checks. These include checks written to you by friends, family members, or other individuals.
If you do have a handwritten check that you want to cash, you can head over to a nearby K-Mart to do so. Currently, K-Mart enables you to cash checks with values up to and including $500 for a fee as low as $1.00.
You can cash payroll or government checks at K-Mart with values up to or including $2,000. Learn more about cashing a check at K-Mart here.
It’s also important to note that you can’t cash a check at Walmart for any value exceeding $5,000 at one time.
You can, however, cash multiple checks at once with individual values at or below $5,000.
2. Get Your Documents Ready
Next, make sure you have everything in order in preparation for cashing your check.
Start by endorsing your check.
You can endorse a check by providing a signature in the designated area on the back of the check. When you endorse your check, make sure you sign your name exactly as it appears on the front of the check.
It’s also important to cash a check that is legitimate. If you can, verify the details of the bank, company, or individual who has written you the check.
Identify all account numbers and make sure all financial data is correct.
Next, locate your nearest Walmart.
You will also need a government-issued form of photo identification. This could be a passport or a driver’s license.
You may also require your social security number. If you want to be super prepared, feel free to bring along your social security card.
Lastly, make sure your check is free of smudges, tears, or wrinkles. Any damage to the check itself may make it difficult for the Walmart printer to read.
3. Go to Any Walmart Checkout Lane
Walmart does have a Money Center counter and Customer Service counter. You can cash checks at Walmart as long as these desks are open.
This is typical during Walmart’s hours of operation but checks with your local Walmart to make sure before you head over there.
If you are wanting to cash a check with a value in the thousands, you may want to head over to one of these counters.
You can also wait in line at any Walmart checkout lane and consult any cashier to get the job done.
If you go this route, make sure you are clear about your intention to cash a check. If you have items to purchase, make sure you do this as a separate transaction to make it easier on the cashier.
Be patient when you cash a check in a checkout line. Sometimes the process may take a while. Be pleasant to the cashier and thank them for their assistance.
4. Pay the Cashing Fee
You do have to pay a fee for cashing a check at Walmart, but these aren’t too severe.
It costs $3.00 to cash a check at Walmart with a value at or below $1,000. You’ll have to pay a fee of $6.00 to cash a check with a value between $1,000 and $5,000.
You can pay this fee with the cash you receive. Or you can pay by credit card or cash you already have on hand.
5. Get Your Cash
Last but not least, once you’ve cashed your check at Walmart, collect your cash. You can either get cash from the tiller or money loaded onto a Walmart money card.
If you opt for a Walmart money card, you won’t have to pay a card reloading fee that Walmart charges its customers. This reloading fee is usually $3.00.
Keep in mind that you will still have to pay the fee of three or six dollars for cashing the check itself, even if you opt for a Walmart money card.
Other Things to Keep in Mind
Before you head on over to your local Walmart, keep some things in mind about cashing checks there.
If you don’t have a checking or savings account, it may be worth it to consistently cash checks at Walmart in the future. This is because certain systems keep track of your check cashing activity and can build a profile of you accordingly.
This can be beneficial for tax and other financial purposes down the road.
Also, keep in mind that Walmart isn’t a bank. They actually have to resort to an additional party in order to process the transaction.
If you have any questions about cashing a check at Walmart, make sure you call their customer service department.
Check out this post to learn more about cash checking policies and limitations.
How to Cash a Check at Walmart
You don’t have to have a checking or savings account to cash a check. Simply drop by your local Walmart and get cash immediately.
Gather appropriate documents before you do so, and make sure you’re prepared to pay the cashing fees. Be consistent and cash checks at Walmart in the future to develop a strong financial profile.