5 Ways To Cash A Check Without A Bank Account | Bankrate (2024)

For the millions of consumers without a bank account, cashing a check isn’t easy. Some 5.9 million U.S. households have no checking or savings account at a bank or credit union, according to the Federal Deposit Insurance Corp.’s 2021 survey of unbanked and underbanked households.

There are ways to cash a check without a bank account, but they cost more money, often take more time and are riskier than cashing a check at a bank where you have an account. Here are five different ways to do so and what they’ll cost you.

1. Cash your check at the issuing bank

Banks and credit unions aren’t required to cash checks for noncustomers, but many banks will cash a check that is written by a checking account holder at that bank, even if it is payable to a noncustomer.

There must be enough money in the payer’s account to cover the check. The payee (the person the check is issued to) will be asked to show a government-issued photo ID, such as a driver’s license, before the bank will cash the check.

The payee also should expect to pay a percentage of the check amount, such as 1 percent or a flat fee. That can add up over time. For example, if you get paid 52 weeks a year and it costs you $8 to cash your paycheck at a traditional bank where you don’t have an account, it adds up to $416 in check-cashing charges for the year.

There may be other hurdles, too, such as limits on check amounts and refusal of two-party personal checks. Checks that are six months old or more might even be declined.

2. Cash your check at a retailer

There are a number of grocery chains and big retail stores like Walmart that offer check-cashing services.

Walmart doesn’t cash handwritten checks, but it does cash other types of checks:

  • Preprinted checks
  • Payroll checks
  • Government checks, including tax checks
  • Cashier’s checks
  • Insurance settlement checks
  • 401(k) disbursem*nt checks
  • Two-party personal checks up to $200

Walmart charges $4 to cash checks up to $1,000, a maximum fee of $8 for checks greater than $1,000 and a maximum fee of $6 for two-party checks.

Many grocery chains provide check-cashing services. Kroger and Publix are just a couple. Fees typically range from $3 to $6.

3. Load funds onto a prepaid debit card

Consumers who don’t have bank accounts sometimes use prepaid cards to deposit checks and access their cash. Prepaid cards are similar to checking account debit cards. Your spending is limited by how much money you have loaded onto the card.

Prepaid cards have different options for check cashing. Some prepaid cards let you set up direct deposit so that checks are automatically loaded onto the card. Other cards come with an app that lets you snap a picture of your check to load it onto your card. Or, you might be able to deposit your check at an ATM to load the money onto the card.

Fees are a big drawback of prepaid cards. The Walmart MoneyCard charges $2.50 to withdraw money at an ATM (not including the fee the bank charges) or a bank teller window, and 50 cents to check your card balance at an ATM. There is a monthly fee of $5.94 unless you direct deposit at least $500 a month onto the card.

Reload fees can be steep. It costs up to $5.95 to add money to a Green Dot Prepaid Visa card. Green Dot also charges $32.50 for an ATM withdrawal and 50 cents for an ATM balance inquiry. In addition, there is a $7.95 fee for every month there isn’t at least $1,000 loaded onto the card.

4. Cash your check at a check-cashing outlet

Check-cashing outlets are probably the most expensive places to cash checks. Some of them require customers to become “members” or to buy check-cashing ID cards before cashing checks. In addition to a membership fee, they might charge a first-time use fee.

Check-cashers typically charge 1 percent to 12 percent of the face value of the check. Some businesses charge a flat fee on top of the percentage. The majority of checks cashed are payroll checks and government benefit checks.

The national average fee for cashing a check at one of these services is 4.1 percent, according to the Consumer Federation of America. So if you cashed a $500 check, for example, the fee would be $20.50. If that was your weekly paycheck, you’d be paying $1,066 in check-cashing fees for a year.

Not only are check-cashing stores exorbitantly expensive, there is a risk of deceptive practices. The Better Business Bureau, for example, alerts consumers to a scam where customers of a check-cashing store are called by someone who claims to represent the business. The caller offers the customer a loan and requests payment to secure the loan. Of course, the loan is never received and the customer of the check-cashing store gets scammed out of their cash.

Given the costs, check-cashing stores are best left as a last resort.

5. Sign your check over to someone you trust

Another way to cash a check without a bank account is to sign the check over to a trusted friend or relative who has a bank account and have them cash the check at their bank.

Make sure the person you are signing over your check to is willing to cash the check and that their bank will cash it. You should accompany your trusted friend to the bank in case the teller requires your ID or has questions about the check.

Your friend must have the proper identification and be prepared to pay a check-cashing fee.

Bottom line

All of these check-cashing alternatives carry more safety, financial risk and expense than cashing or depositing your check at your own bank. They’re also pretty inconvenient, especially compared to direct deposit.

For those who can’t qualify for a standard checking account, some banks offer second-chance checking accounts. These accounts give customers the opportunity to prove they can responsibly manage a checking account so that eventually they can qualify for and enjoy the benefits of standard bank accounts.

Having a checking account at a bank or credit union is still the safest, most convenient and least expensive way to cash checks.

— Bankrate’s René Bennett contributed to an update of this story.

5 Ways To Cash A Check Without A Bank Account | Bankrate (2024)


5 Ways To Cash A Check Without A Bank Account | Bankrate? ›

Alternative places to cash a check. Other ways to cash a check when you're “unbanked” — without a checking or savings account at a bank or credit union — include using check-cashing stores, mobile apps, retail chains and prepaid cards, or signing over the check to another person.

How can I cash check without a bank account? ›

Cash a Check without a Bank Account
  1. Cash it at the issuing bank (this is the bank name that is pre-printed on the check)
  2. Cash a check at a retailer that cashes checks (discount department store, grocery stores, etc.)
  3. Cash the check at a check-cashing store.

What are the alternate ways to cash a check? ›

Alternative places to cash a check. Other ways to cash a check when you're “unbanked” — without a checking or savings account at a bank or credit union — include using check-cashing stores, mobile apps, retail chains and prepaid cards, or signing over the check to another person.

What app will cash a check immediately? ›

The top instant check cashing apps without verification include Ingo Money, Brink's Money, PayPal, Venmo, Cash App, Chime, and Flare Account. These apps allow you to quickly cash checks by taking photos with your phone for deposit into bank accounts or prepaid cards.

Can you cash a check with Cash App? ›

Yes, you can deposit a check on Cash App. To deposit a check on Cash App, you will need to have a verified account and a linked bank account. You can deposit checks up to $7,500 per day and $15,000 per month, with a fee of 5% for instant deposits or 1-3 business days for free deposits.

How to make a check out to cash? ›

If you still really want to write a check for cash, you write “Cash” as the payee in the “Pay to the Order of” line on the check.

Can someone else cash my check for me? ›

Once someone signs a check over to another person, it becomes a third-party check. Banks can accept third-party checks for deposit or cash them, but they're not required to.

How to digitally cash a check? ›

Tap Cash a check. Enter the check amount, take a picture of the front and back of your endorsed check with your mobile device, and tap Next. Select how quickly you want access to your money and tap Confirm.

What is the easiest way to turn cash into a check? ›

Transform your cash into an easy-to-deposit check by buying a money order at a local retailer or a post office, then make it payable to yourself. If your online bank has an electronic scan feature, you can snap a photo and upload the money order to your account for deposit.

Where is the easiest place to cash a check? ›

The easiest way to cash a check is to take it to a bank where you have an account. Check-cashing services are found at Walmart and many grocery stores.

How can I get cash from a check instantly? ›

The quickest methods include using your bank's mobile app, visiting the issuing bank or using a check-cashing service at a retail store. Each of these options can provide immediate or same-day access to funds, depending on the check type and the service's policies.

How to cash a cheque instantly? ›

Cash the cheque at an ATM.

The funds are usually available immediately. In most cases, you will need your bank debit card to deposit or cash a cheque at an ATM. The debit card identifies your account so that you can deposit or cash your cheque. Make sure you endorse the cheque before inserting it into the ATM.

What prepaid cards allow mobile check deposit? ›

If you are looking for a prepaid debit card with mobile check deposit, there are a number of options available. Some of the most popular cards include CARD.com, Netspend, Walmart MoneyCard, Bluebird by American Express, Green Dot Prepaid Visa, FamZoo, and ONE VIP Visa Prepaid Card.

Does PayPal cash checks instantly? ›

You take a picture of the check you want to cash and send it to us for review. Once your check is approved, you have the option to pay a fee and get your money credited to your PayPal Balance account, usually in minutes.

Does Venmo cash checks instantly? ›

It usually takes a few seconds to review a check for approval, although it can take 10-15 minutes and in rare circ*mstances, up to 1.5 hours while we work to verify enough information to approve your check. If your check is approved, your money can be credited to your Venmo account usually within minutes.

How long does Cash App take to clear a check? ›

Cash App offers two types of deposits: standard deposits and Instant Deposits. Standard deposits are free and typically arrive in your account within 1-3 business days. Instant Deposits, on the other hand, arrive instantly but are subject to a fee of 0.5%–1.75%, with a minimum fee of $0.25.

Can you cash a check at a bank thats not your own? ›

Can I Cash a Check at Any Bank? Not every bank will cash a check from a noncustomer, but many do. You'll have the best luck visiting the bank the check was issued from. Other banks may still agree to cash your check, as long as they can verify the account holder has enough funds to cover the check amount.

How much were you charged to cash your check without a checking account? ›

If you need to cash a check without a bank account, you could also visit a check cashing outlet. This can be expensive, though: Fees can be around 10% of the check's value.

Will Walmart cash a third party check? ›

While Walmart will cash many checks, there are select types that can't be cashed at all, including the following: Third-party checks (see more below) Handwritten.


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