7 Best Places to Cash a Cheque (Besides Your Bank)
There are several best places to cash a cheque besides your bank. Perhaps you find yourself in an environment that’s far from your bank; this article will help you know what to do in such a situation.
Best Places to Cash a Cheque
1. The Bank Listed on the Check
If you’re trying to cash a cheque, the easiest place to start is the bank on the check you’re trying to cash.
2. Walmart
Walmart is one of the most global and accessible cheque-cashing places on this list. Walmart charges $4 for a check under $1,000 and $8 for anything over that limit.
3. Ace Cheque Cashing
Many businesses solely operate on cheque-cashing purposes. You can check out for others around you. However, most of them come with high charges.
4. Gas Station
Next on our list of best places to cash a cheque are gas stations. They used to be a much better option for cashing cheques, but many places have stopped offering this service because of the high risk of fraud.
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5. Your Employer
In some cases, your employer can cash personal cheques for you. However, there are specific rules involved in this so most employers avoid offering this service.
6. Grocery Store
Grocery stores are one of the most dependable, convenient, and best places to cash a cheque. Not all grocery stores offer this service though, so you’ll have to ask around to find one that does.
7. Endorse Your Check to a Friend or Family Member
If you don’t have an account with any bank, you can endorse the check to a friend or family member who does and have them cash the cheque on your behalf.
Frequently Asked Questions
Where Else Can You Cash a Cheque besides a Bank?
You can cash a cheque at a retailer that cashes cheques (discount department store, grocery stores, etc.) Cash the cheque at a cheque-cashing store. Deposit at an ATM onto a pre-paid card account or chequeless debit card account.
Can I Cash Any Cheque Anywhere?
No law obligates banks and credit unions to cash checks for everyone, especially non-customers. Still, many banks across the country will cash checks for you. Your first stop should be the bank that issued the actual check. Some banks will cash their own checks for a fee.
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Where is the Easiest Place to Cash a Check?
The issuing bank is probably one of the easiest ways to cash a check – with a minimal charge, or for free. By visiting the issuing bank, the teller will be able to look up the availability of funds immediately. As long as funds are available, they can cash the check and deduct any fee from the cash you receive.
Where is the Best Place to Cash a Large Check?
Go to your local bank or credit union. Take your check to a friend or family member’s bank or credit union. Go to the bank or credit union that issued the check to cash it. Go to any bank or credit union to cash a check.
Conclusion
You don’t have to be limited to only one option to cash cheques. You can consider several from our list of best places to cash a cheque. But then, it is important to note that engaging or endorsing third parties (other than your bank) to cash your cheque for you may come with a cost and so also could cashing your cheque with them. So, before you cash your cheque with a service other than your bank or the issuing bank, do well to check if there are costs associated with the services which you can bear. I hope this helped.
