Do Check Cashing Places Cash Personal Checks – If you need to cash a cashier’s check, you can do so at the issuing bank or financial institution, but you may have to pay a fee if you are not a customer. Fortunately, there are other ways to cash a cashier’s check—even if you don’t have a bank account.

First, the bank transfers the amount you requested from your account to their account. The bank then issues a check drawn from its funds to the person you want to pay. Because bank funds are safe, money can be available to the payee more quickly, especially for large deposits that typically take several business days to clear when deposited by personal check.

Do Check Cashing Places Cash Personal Checks

Do Check Cashing Places Cash Personal Checks

But you will have to pay a little for this security and convenience. Payments over $1,000 include a fee, which typically ranges from $5 to $15.[1]

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You will need to have enough money in your account to cover the transfer. You will also need to provide your bank with the name of the payee and you will need to have a driver’s license or other valid identification.

You can get a cashier’s check at your local bank branch: ask the bank teller. You may be able to get it online if your bank offers this service.

A personal check is drawn from your bank account, while a cashier’s check is drawn from a bank account. You can stop payment on a personal check because it’s drawn from your account, but you don’t have that option with a cashier’s check.[2]

There’s always the risk that you won’t have enough funds in your account to cover the check you’ve written, but there’s no such risk with a cashier’s check. This is because the bank determines whether you have sufficient funds to cover the cashier’s check before issuing it, so the availability of funds is not a factor.

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Cashier’s checks generally allow quick release of funds. Some banks may require a special draft for next day availability. In addition, banks may place a hold on cashier’s checks if the total amount deposited in one day is more than $5,525 or if they reasonably suspect that they are not collectable from the issuing bank.[3]

Just like a regular check, a certified check is a form of payment that is drawn from the customer’s bank account.

However, with a certified check, the bank verifies that there is enough money in that account to cover the amount of the check. Once this is confirmed, the bank will print the word “confirmed” or “accepted” on the check. This assures the payee that the check will not be bounced.

Do Check Cashing Places Cash Personal Checks

Some people or businesses may require a certified check as payment, especially for large payments such as a down payment on a house. However, not all banks issue them and you can’t get them online because the issuer has to stamp the physical check you wrote as certified.

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A money order is used just like a cashier’s check to ensure that the funds you are paying are available. Money transfers are usually used for small purchases and are a useful option for people who do not have bank accounts.

You might not use a $15 fee to pay a $100 repair bill with a cashier’s check, but paying $1 for a money order at Walmart or a dollar or two at the post office is much more reasonable for a small purchase or payment.[ 4]

That’s right: you don’t have to go to the bank to get a money order, and that convenience can be a huge advantage.

You can buy a money order up to $500 for $1.45 at any post office, or pay 50 cents more for any amount up to $1,000. Postal money orders issued by military establishments cost only fifty cents.[5] ] The post office will accept payment by cash, debit card or traveller’s check, but will not accept credit card. You just pay the remittance amount and the fee, then keep the receipt for tracking.

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You can cash a cashier’s check at banks and credit unions. If you are not a customer of a financial institution, you will probably have to pay a fee.

There may be other requirements at play. For example, Bank of America requires that you provide your Social Security number to cash any check over $500. You’ll need to show photo ID almost everywhere, but some places like Bank of America and Citibank require two forms of ID.[6]

You can also cash a cashier’s check at many check cashing stores such as Ace Cash Express, Check ’n Go, Check Into Cash, Pay-O-Matic, PLS Check Cashing, Money Mart and Moneytree.

Do Check Cashing Places Cash Personal Checks

Check cashing stores make money by charging a check cashing fee, and the fees can be substantial because they are sometimes charged as a percentage of the face value of the check.

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So if you’re cashing a $2,000 cashier’s check at a store that charges a 5% commission, you’ll pay $100 just to get your money. Fees vary from store to store, and some require you to pay a minimum fee or a nominal application fee for your first use. For example, PLS cashes checks for “jelly 1% + $1.” [7] Fees at Advance Financial, however, range from 1% to 5% with a minimum fee of $5.[8]

Walmart and other big box stores can also cash a cashier’s check for you. So can major grocers like Kroger and H-E-B.

Rules and restrictions vary by store. Walmart charges a $4 fee for checks up to $1,000 and $8 for checks over $1,000, while Texas-based H-E-B has a $3 fee for checks up to $3,000 and different fees for higher amounts.[6]

Kroger gives you a lower fee with a store card: You’ll pay $4 to cash a cashier’s check of less than $2,500 with a card and $4.50 without a card. For larger amounts, the fee is $7 with a card and $7.50 without a card.[9]

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Some travel centers like TA/Petro also offer check cashing services. You can sign up for membership (for a $25 fee) and can cash checks up to $999. There is a service fee, but it is waived on qualifying purchases such as 60 gallons of diesel, a $50 in-store purchase, or $250 or more in truck maintenance/repair services.[10]

Some banks offer the option of cashing a cashier’s check online using mobile apps and other mobile deposit methods.

You usually have to endorse the check just like you would a normal check, then follow the app’s instructions. You will need to enter the amount of the check and select the account to deposit it into.

Do Check Cashing Places Cash Personal Checks

After that, you will need to take a photo of both sides of the check – the front side with clearly legible addresses and account numbers and the back side with your signature. Make sure the images are in focus. Banks often limit the amount of money you can deposit through a mobile app (such as the $5,000 limit set by Bank of America).[11]

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Cashier’s checks can also be deposited through online services such as PayPal, and the money is sent to your bank account or special debit card.

To cash a cashier’s check, you will need to provide a government-issued photo ID. Fees and other requirements vary depending on the location you choose. Some companies will require two forms of identification.

Most institutions will provide cashier’s checks to customers, but some smaller banks and credit unions offer this service to non-customers for a fee. You will have to look around your area to find it.

If you need to cash a cashier’s check but don’t have an account, you may be able to find a bank or credit union that will provide non-customer checks. In such cases, be prepared to pay a fee. Another option is a check cashing service, although these services often charge high fees. [12]

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Cashier’s checks are safer than personal checks because they’re backed by a financial institution, but that doesn’t mean they’re immune to fraud.

To make sure the check you received is legitimate, contact the issuing bank using the contact information on their website. If there is a phone number on the check, don’t call it: if the check is fake, so will the number. And most check fraud involves fake checks.

You may be tempted to breathe a sigh of relief when you see that the check has cleared, but that doesn’t mean it isn’t fake. Under US law, banks must make deposited funds available within a few days, and counterfeit checks can be detected after that time. When they are, you have to repay the bank, and if you’ve paid money to the scammer in the meantime, you’ve lost that amount.[13]

Do Check Cashing Places Cash Personal Checks

Sending and receiving money through recognized, trusted apps like PayPal or Google Pay, or through your bank’s website, is a good way to avoid scams.

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Since most scams involve fake checks, check to see if the checks are issued by the institution whose name appears on the front.

Victims of counterfeit check fraud can report

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