Walmart not only offers great items at low prices, but they also offer other services as well. Does this include cashing personal checks? I will discuss this topic shortly.
If you have a personal check that you need to cash, there are plenty of places to do it. Especially if you do not have a bank account. If the banks are closed and you need money fast, having a personal check cashed somewhere can be a good alternative.
Keep in mind that some of these places that can cash personal checks can have a fee attached to them. This means that you won’t get the entire value of the check handed to you for that reason. We’ll discuss whether or not Walmart has a fee and if so, how much.
Let’s dive right in and discuss the details on how you can cash a personal check at Walmart.
Can You Actually Cash Personal Checks At Walmart?
The answer is yes. You can cash personal checks at Walmart. However, there are some limitations and restrictions that you need to be aware of.
I have cashed personal checks here at Walmart before. So, I have knowledge of what they can or cannot do with a personal check at their store. Let’s take a look at a few examples.
The maximum amount they can cash for a personal check is $5000. Any personal checks above that amount should be tended to by a bank or another place that can cash such checks.
Please note that there are fees that will be applied. It will depend upon how much the check is. Any check with a value of up to $1000 will be subject to a $4 fee.
Any checks valued anywhere from $1,001 to $5000 will be subject to an $8 fee. Yes, there are fees that are applied by Walmart. At this point, it’s probably the best fee compared to other places in your local area.
If you do not want to pay any fees, your best chance would be to cash the check at a bank. However, there may be restrictions in terms of processing the check. For example, if the value is high (like $1000 or more) it may be placed on a temporary hold for about 24 hours due to fraud prevention policies.
What type of checks can Walmart cash?
Two-party personal checks can be cashed as long as the value is $200 or less. If it is a business check like a paycheck or something similar, they can accept up to $5000.
If it’s during tax season, Walmart can temporarily increase the limit to $7500. However, if you are planning on cashing it at Walmart, it would be a smart idea to call ahead so they are prepared. They want to make sure they have enough of the money to cash it rather than be taken by complete surprise.
The more prepared they are, the less time it will take for a check of such value to be cashed.
How Do You Cash A Personal Check At Walmart?
If you go to a local Walmart to cash a check, you need to be aware of the process. Aside from a physical copy of the check, you will need a valid photo ID. This includes a driver’s license, state-issued ID, or a passport.
Please note that there are two states in the US that will not cash personal checks at Walmart. Any location in the states of New York or New Jersey cannot cash personal checks.
How Are The Funds Received After The Check Is Cashed?
Once the check is successfully cashed, you can be able to receive it in cash. Alternatively, you can get it in a Walmart MoneyCard. You can load the amount of money there if you choose not to carry cash.
Keep in mind that you will need to pay an additional $1 for the card itself. You will not have to pay the reload fee if you are intending to reload the card using a check you are intending to cash (i.e – a paycheck).
If that isn’t convenient, I’m not sure what is. But it’s good to know that Walmart does this.
Conclusion
I hope that this guide on cashing personal checks at Walmart has been a huge help. I know it can be frustrating trying to cash a personal check when the bank is closed (or if you don’t have an account). Walmart has come through for me a few times when I really needed the money.
You can cash business, payroll, social security, and all kinds of checks (if they fit Walmart’s policy). If your local Walmart does not cash checks, there may be a reason as to why. If Walmart won’t cash it, all I can say is consider your other options.