How to Cash a Check at Walmart
Walmart stores provide many items and services. You can acquire everything, from groceries to clothes to items for your pets. But did you know that Walmart offers certain financial services as well?
Walmart allows customers the ability to cash checks at their locations. If a Walmart Superstore is in your vicinity or happens to be closer to you than an actual bank, cashing a check there can be a time saver and a life saver.
How Can You Cash Your Check?
Cashing a check at your local Walmart is an easy task. If you have an endorsed check you’d like to cash, you can bring it to the customer service area or the dedicated money service center. You’ll be required to pay a fee to cash your check. You’ll also need to have valid identification to complete your transaction. Fortunately, you don’t have to be a special customer to cash your check at a Walmart. You don’t have to shop with Walmart, have their store card, or otherwise register for some service.
Walmart can help you cash multiple types of checks outside of personal checks. Not unlike a check cashing location, you can bring your payroll check, tax refund check, government check, retirement account disbursement check, settlement check, or cashier check and receive funds a short while later. Walmart will also allow you to cash MoneyGram money orders that were purchased from a Walmart.
What are the Fees for Cashing Checks at Walmart?
The fee it costs to cash a check at Walmart varies depending on the amount of the check you’re trying to cash. Currently, Walmart limits it’s check cashing ability to $5000 per check. This limit is increased to $7500 between the months of January and April, most likely for those looking to cash their tax refund checks.
In terms of fees, checks up to $1000 will come with a $4 check cashing fee. Checks between $1001 and $5000 will come with a check cashing fee of $8. While a fee exists for check cashing services on checks over $5000, you’ll have to check with the customer service area inside Walmart to know what the fee may be.
As with most check cashing solutions, you can opt to have your check cashed out in physical money or put on a card to be used later. Walmart offers the Walmart MoneyCard, a prepaid card that you can place your funds on once you’ve cashed your checks. Alternatively, the Walmart MoneyCard can provide direct deposit functions for your job as well as your tax return.
Benefits of Cashing a Check at Walmart
If you cash your check at Walmart, there are multiple benefits that come with doing so. One of the main benefits of cashing a check at Walmart is the ability to use those funds to make immediate purchases. Walmart is a store that provides many necessities to buy, from food to clothes to household items. Being able to get money and instantly use it to buy things you need can help you in a pinch.
As mentioned earlier, Walmart also offers a store branded card that you can put funds onto at your discretion. You can cash your check and deposit your funds onto your Walmart prepaid card to save it for later use. If you don’t have a need to make a purchase in Walmart, your prepaid card can be loaded to make a purchase when it’s convenient to you.
Another benefit of cashing your checks at Walmart lie in the fees they charge. While it might not seem like a benefit when it’s a fee that you must pay to get your own money, consider the fact that other check cashing services don’t have set fees that they charge. You might end up paying more to cash checks of greater amounts to get money that is already yours.
What Other Benefits Does Walmart Offer?
Walmart does not just offer check cashing services. As a superstore, you can purchase many household items directly from your check cashing source. Outside of this, Walmart also offers financial options in the form of a prepaid card. This card can be used for direct deposit as well as making purchases. If you don’t have a traditional bank account, a Walmart prepaid card can be a lifesaver.
There are other benefits Walmart offers to those who are apart of its Walmart+ service. You can take part in lower prices on fuel for your vehicle, free delivery of groceries from your preferred store to your home, free shipping for items going else where, Paramount+ streaming service access, and much more. If Walmart happens to be a go-to venue for you, taking part in its benefits program might help you save more money in the long run.
Walmart also accepts EBT, which allows for the purchase of general food items. While you won’t be able to buy things like vitamins, alcohol, or household items like cleaning supplies, you will be able to purchase meat, bread, cereal, salads, fruits, and vegetables. You can also make use of your benefits online if you can’t physically reach a location.
Where Else Can I Cash a Check?
You can always cash your checks at whichever bank you use, or you can cash your check at the bank which issued the check. Generally, it is easier to get a check cashed when you have a bank account at said bank. Once you cash your check, you can either have it deposited into your account or receive the money on the spot.
If you do have a bank account, you can always turn your check into useable funds by depositing it online. Certain online services allow you to manage your funds digitally, like Venmo or PayPal. You can use these services to cash your check even if you don’t bank at a physical location. With this method, all you’d need is a mobile phone to scan your endorsed check and your funds will be available to you in short order.
There are other locations you can cash a check in as well. Most locations will advertise their ability to cash checks. Stores like Kmart, Stop and Shop, and Kroger’s, are just a few locations that offer check cashing services. If you want to cash your checks at these locations, you may want to ask about potential fees for doing so.
Can I Cash My Checks for Free?
The only way you can cash a check for free is by cashing your check at whatever bank you have an account with. The convenience of having a service that allows you to cash your checks outside of an established bank normally comes with some sort of service fee.
Reasons Why I Can’t Cash My Check
If you’re trying to cash a check and you’re being denied, there might be a valid explanation to why. Many places that cash checks outside of banks will only cash certain kinds of checks. If you bring the wrong kind of, check you might be turned away. Another reason may be because the amount of the check is too high. Make sure you’re able to cash the check and the amount it holds first.
As a rule of thumb, always make sure your checks are endorsed and that you have proper identification when cashing a check. If you don’t, you may be denied service.
In some cases, a check may have a time limit in which you can cash it. If you wait too long, you might not be able to cash your check anymore. While most banks can honor a check after any time (while it is endorsed, and you have proper identification) some may not as a matter of policy. Check to see whether your bank has a policy like this to avoid any issues with cashing checks.
If you’re looking to cash a check, Walmart can help! You can easily receive your funds from the same place where you go shopping for a small fee. Even if you don’t have a Walmart available to you, there are plenty of ways for you to cash your checks. You can head down to your personal bank, use a mobile banking application, or you can visit any number of other locations that offer check cashing services in a pinch.
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