Where Can I Cash a Us Bank Check

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When y'all receive a check, but don't have whatever style to deposit it, you have to become to the bank that issued the check if you want to cash information technology. Even so, it's going to cost yous.

What are the fees at the meridian banks?

MyBankTracker contacted the top 20 banks in the U.Southward. in social club to determine their non-customer check-cashing fee policies, which we have compiled in a table below.

While some banks, like Upper-case letter One, Citibank, and SunTrust maintain a policy of providing this service for free, other banks are profiting by charging anywhere from a percentage of the check to a $10 fee.

Here are the fee policies of the top 20 U.S. banks (flat rates apply to business and personal checks unless otherwise specified) and how they changed in recent years:

Cost of Cashing Checks for Not-Customers

Banking concern	Non-Customer Check Cashing Fee
Bank of America	$8 per check for amounts greater than $l.00
Hunt	$8
BB&T	Free under $50; Over $50 a fee of $viii
BMO Harris Banking concern	$x ($50 is the minimum amount you can cash)
Majuscule 1	Free
BBVA Compass	$10
Citibank	Gratuitous for checks under $5,000
5th Third Bank	1% of the check corporeality ($4 minimum and $25 maximum)
HSBC Depository financial institution	Free for personal checks; $3 for business organization checks under $100 and $5 for business checks of $100 or more
KeyBank	ane.0% of the check amount ($iii minimum and $25 maximum)
1000&T Banking company	2% of the check amount ($3 minimum)
PNC Banking company	Free for checks $25 and under; ii% of the check amount for checks greater than $25 ($2 minimum)
Regions Depository financial institution	Free nether $10, but above $10, 1% of the check corporeality ($2 minimum and $20 maximum)
Citizens-Bank	$seven
SunTrust	Gratuitous for checks $50 or under; $7 if greater than $50
TD Bank	$10
Marriage Bank	$10 fee for personal checks over $100; $10 for business checks over $25
U.Southward. Bank	$v
Wells Fargo	$7.50

Every bank requires that you have two forms of regime-issued ID (i.e. commuter'south license and U.South. passport) when you get into the branch to cash a bank check as a non-client.

If you are trying to greenbacks a check that is written to yourself and another person, recall that these rules that apply and it could cause more than of a hassle to go your coin.

Agreement how it works

Here's a elementary scenario to evidence you how to deal with a cashing out a check equally a non-customer:

1. Permit's say you receive a Chase-issued cheque for $100.
2. You personally bank at Bank of America, but for any reason, can't make it to your banking concern's co-operative. You likewise need the money equally soon as possible, and then y'all decide to go to Chase to greenbacks it.
3. When you arrive at Chase, you go to the counter and inquire the teller to cash your bank check.
4. The teller tells yous that since you are not a Hunt member, you will, unfortunately, accept to pay a $6 fee for the cashing of your cheque.

Analyzing the data

Interestingly enough, compared to fees in 2013, some banks have increased their fees, while others accept made their policy more than affordable for the everyday consumers to cash, such as in the case of personal checks.

Bank of America, Union Banking company and KeyBank are some of the big banks that have raised fees. Meanwhile, Fifth Tertiary Depository financial institution and SunTrust have implemented lower fees for their bank check-cashing services.

What tin can you exercise if you lot don't accept a bank account?

You may exist wondering why anyone would e'er go to a different bank to cash a check when their own depository financial institution provides the service for gratuitous.

Every bit we illustrated in the above scenario, if you tin't get to your bank, going to the bank of the issued check is your second resort. Or perhaps yous don't have a bank business relationship because of a bad banking history, which ways yous're on ChexSystems.

Luckily, for people in this predicament, here are other ways to cash a bank check without a banking concern account.

Proceed in mind information technology's much more costly to cash checks without a bank account.

Tip: If you're tired of paying these types of fees because you're bankless, consider an online bank account. Here are the best online bank accounts to cull from. Also, here's our list of the best second take a chance checking accounts.

Convenience stores and supermarkets

The nation'southward largest retailer, Walmart, offers check-cashing services that toll $three to cash checks of $1,000 or less or $6 for checks of over $1,000 to $5,000 (the maximum).

As well, some vii-Eleven locations have kiosks that will cash checks for a flat 0.99 percent fee.

These are just 2 pop examples every bit greenbacks-checking alternatives -- y'all're local supermarket or convenience store may provide similar services.

Cheque-cashing stores

You may accept noticed some local check-cashing stores.

They'll cash your checks equally you lot'd expect, merely it may be more than expensive that the other options -- usually every bit a percentage fee or a percentage fee plus a flat fee.

Bank check Cashing Fees at Not-Banks and Stores

Check-Cashing Store	Fees
ACE Cash Limited	2% to 6% of the check, depending on the type of check
Amscot	Upward to 9.9% of the check, depending on the check ($3 minimum)
PLS	2.01% of the check ($ane minimum)
Walmart	For checks up to $1,000: $3 For checks of greater than $1,000 up to $5,000: $6

Prepaid accounts

Prepaid carte accounts act similar to checking accounts, including the ability to accept cheque deposits.

Depending on the prepaid account, you may be able to admission an ATM to deposit a bank check. Fees may utilise for using ATMs only, usually, information technology is free. The same goes for mobile check deposits.

Prepaid accounts are easier to obtain than checking accounts, and so y'all can get one to cash checks on a regular basis without having to make the trip to the check-issuing banking company and facing non-client check deposit fees.

Different types of payable instruments take different times to clear when yous deposit them. We performed an actual test to compare the deposit speeds of personal checks, cashier'south checks and coin orders.

How to avoid frustrations if you're looking into the fee policies of banks

If you lot decide to practice your ain investigating because you take a bank check issued by a bank that isn't listed, we recommend calling the actual co-operative instead of the customer service number (though sometimes that'southward hard when bank branch numbers aren't listed online).

Branch members are much more familiar with the policies of daily transactions that occur at their branch locations, and as such, are better equipped to inform you well-nigh routine protocol.

Customer service representatives are likely to ask you lot to hold while they wait upwards the respond in their database, which isn't likely to be wrong, but may hateful a longer wait time for you (though non drastically).

Likewise, call well ahead of the branch's closing time, or yous may exist turned away.

Though many banks charge check cashing fees, depending on which bank you go to, you might be able to talk to someone and go the fee lowered or waived.

Frustrated with your depository financial institution?

Check out these new elevation banks that people are talking almost:

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Source: https://www.mybanktracker.com/news/check-cashing-fees-top-banks

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