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Can a Bank Cash a Check From Another Bank

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Updated on August 20, 2022 by
Can a Bank Cash a Check From Another Bank

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When someone needs to cash a check, they have a few options. One of these options is to take the check to the bank that issued it and ask them to cash it. The bank will then give you the money in exchange for the check.

If you want to cash a check from another bank, however, this can be a little more complicated. This is because some banks will not allow checks from other banks to be cashed.

Why You Might Want to Cash a Check from Another Bank

Sometimes, you might want to cash a check from another bank because you don't have the time to go to your usual bank. Other times, it can be useful to cash a check from another bank because you need the money immediately. For example, if you are expecting a large bill, and your usual bank doesn't have enough funds to process the check, then you may want to look for other options.

It’s worth noting, however, that if you’re asking a different bank to cash your check for you and you don’t have an account there, you will be given a fee. This can either be a flat amount or a certain percentage of the check.

The Average Household Income in the...
The Average Household Income in the United States

Other Places to Cash a Check

If you want to cash a check from another bank, you can also look for other places to cash it. Some options are:

Use Check Cashing Stores

Check cashing stores are often places where you can cash a check. Paying a check at these stores can result in a charge of up to 5% of what you're cashing, though it could also be a flat rate. Some states have taken laws to stop them from doing deceptive business practices. Other places have banned people from taking payday loans altogether.

Check-cashing places are very expensive, and malicious practices are often used. Many institutions often warn consumers about situations where people who cash their checks there are later targeted for scams.

Use Prepaid Debit Cards

Some banks or other companies may offer you prepaid debit cards that you can use to deposit checks at an ATM or even on your mobile device. For example, 7-Eleven offers prepaid cards that come with mobile banking features – so you can deposit money while you're shopping at their stores.

It also works with some apps that work with a number of different types of prepaid cards. You can also take a picture of the check to get your card. The app can accept money orders and personal checks as well as business checks. And the company claims to help you access your money in just a few minutes.

Use a Retailer

If you don't have a check cashing store or prepaid debit card, you can go to a retailer that offers check cashing services. There are several grocery chains and large retail stores that offer check-cashing services. Walmart, for example, offers free check-cashing services in several states. Many stores in your area, such as the nearest 7-Eleven, will likely have kiosks where you can cash your checks.

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