If you need cash immediately, you may be looking to cash your check as soon as possible.
If the bank isn’t open, it might leave you with few options.
Since Walmart often has a MoneyCenter in its locations, you may wonder if they can cash your check.
Before you head to your local Walmart, it’s worth determining if they can provide you with the service to ensure you don’t waste time or gas driving there.
Does Walmart Cash Checks?
Yes, Walmart does cash checks.
Thanks to its MoneyCenter, you can bring your check to the cashier, and they’ll cash it for you.
Walmart can cash a variety of different checks, but each type comes with its own fees.
Walmart also has a limit on how much they can cash your check for.
As such, if you have checks valued at several thousand dollars, you might need to cash them at your bank instead.
Otherwise, if you have a typical check that you need to have cashed, you can stop by your local Walmart with a MoneyCenter to receive the service.
What Kind Of Checks Does Walmart Cash?
Walmart cashes several different types of checks.
Some of the most common checks that they can cash include the following:
- Payroll checks
- Government checks
- Tax refund checks
- Cashiers’ checks
- Insurance settlement checks
- 401(k) or retirement disbursement checks
Clearly, Walmart can handle a number of standard checking needs as well as specific checking needs.
You can bring your paycheck to Walmart and have them cash it immediately.
This can be helpful if you tend to work late and can’t get to the bank before it closes.
Cashing your check at Walmart ensures you’re able to receive your funds the same day you get your check.
Walmart can handle more private and confidential checks, too, like government or insurance settlement checks.
If you need cash and have one of those checks lying around, Walmart can provide safe and secure cashing services.
Finally, if you’re retired and need to regularly cash your retirement checks, Walmart can also help.
You can receive the money you need and also find yourself in a convenient location to do your weekly shopping.
One type of check that they won’t cash is a personal check.
You’ll need to take personal checks to your local bank.
If you’re unsure whether the check you have is something Walmart can cash, it’s worth calling your local store.
Do You Need To Pay A Fee For Walmart To Cash Your Check?
Yes, you do need to pay a fee to have Walmart cash your check.
This is one disadvantage you’ll face when choosing Walmart to cash your check.
When you take your check to the bank, they rarely charge you a fee to cash your check.
That’s one of the services they provide naturally.
As such, if you want to save money, you might need to take your check to the bank.
For those who need money now or don’t mind paying a fee, Walmart is still a great choice.
The fee you pay depends on a few factors.
First, it depends on the type of check you’re wanting to cash.
Two-party personal checks, for example, usually have a fee of $6 to cash them.
Other checks depend on the amount of the check.
For example, Walmart states that checks up to $1,000 will have a $4 fee attached to them.
If you have a check that is $1,001 to $5,000, you’ll need to pay an $8 fee.
They also have a fee for reloading your Walmart MoneyCard.
For example, if you cash your check and have the funds deposited to your Walmart MoneyCard, you don’t have to pay the standard reloading fee that they apply to the service.
However, you still need to pay the check cashing fee based on the amount of the check.
As such, if you want to cash your check at Walmart, you should expect to pay a fee.
What Is The Maximum Amount That Walmart Will Cash?
Along with a fee, there are also limits as to how much Walmart will cash your check for.
The limit is $5,000.
If you have a check that’s over $5,000, Walmart won’t be able to help you.
You’ll need to take it to your bank.
That’s because Walmart isn’t a bank.
If a lot of people started cashing checks worth $10,000 or more, they wouldn’t have the cash available to give to their customers.
Putting a limit on the amount they’re able to cash ensures Walmart can serve its customers.
While the limit is $5,000 for most of the year, there is an exception.
The limit increases to $7,500 between January and April.
As such, during those months, if you have a check valued between $5,001 and $7,500, you can still cash your check at Walmart.
Do You Need A Walmart Account To Cash A Check?
No, you do not need a Walmart account to cash a check at Walmart.
That said, having a Walmart account can provide you with a benefit.
More precisely, if you have a Walmart MoneyCard, you have them deposit your check directly into your card instead.
The Walmart MoneyCard acts like a debit card.
You have a certain amount of money on the card, and you can use it to make purchases.
When you spend all the money on the card, you will need to reload it.
The advantage of using the Walmart MoneyCard is that you can receive cashback bonuses.
Each purchase you make at a Walmart store, on Walmart.com, or at one of Walmart’s gas stations can give you some money back.
It’s a great way to cash your check. Add it to your MoneyCard to earn a bit more money.
How Do You Cash A Check At Walmart?
Cashing a check at Walmart is easy.
You’ll need to bring the endorsed check with you as well as a valid ID.
When you enter Walmart, you’ll need to head to the MoneyCenter.
Once you’re there, you can let the cashier know that you want to cash your check.
They’ll check your ID and immediately cash your check.
If your Walmart doesn’t have a MoneyCenter, they can still cash your check.
You’ll need to head to the Customer Service desk instead and present them with your endorsed check and ID.
Once you pay the required fee, you’ll have your money in no time.
Can You Cash A Check At Walmart Without An ID?
No, you must have a valid form of identification to cash a check at Walmart.
They use your ID to ensure it matches the recipient’s name on the check.
What Are The Benefits Of Cashing Your Check At Walmart?
If you’ve never cashed a check at Walmart before, you may wonder what the appeal is.
Here are a few benefits of cashing your check at Walmart rather than a bank.
One of the best benefits is that it’s convenient.
There are Walmart locations all over the country.
There’s a very good chance you have one close to you.
It may even be closer to you than your bank.
As such, getting there might be more convenient for you.
You can also shop while you’re there and pick up all your groceries before heading home.
It’s a way to make running your errands a bit more efficient.
2. Extended Hours
A lot of Walmart stores are open 24 hours.
This means that there’s a good chance you can have your check cashed even if your bank isn’t open.
You can potentially have your wages that night rather than having to wait until the next morning.
3. Quick Process
A final benefit of cashing your check at Walmart is that it’s quick.
All you need to do is show them your check and ID and pay the fee.
They’ll cash your check, and you’ll be out of the store in minutes.
At a bank, you may need to wait in line until it’s your turn.
Banks also don’t always have a lot of people working behind the desk.
Walmart makes cashing your check fast and easy.NEXT: Who Is Slim Shady? (Everything To Know)