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Which banks still cash checks for non-customers? and What do they charge?

One of my relatives has a small problem, she gets a government check and does not
want a bank account. She needs to cash this check to pay rent, buy groceries, etc.
But some of the local check cashing places cost way to much to do business with them.
She needs every penny of that check.

My bank (boa) won't cash a third party check. I tried searching but could not find
any site that had the list of fees or what banks did this. Does anyone here
have any ideas or information? I realise I may get flamed for this but, I want to
help her out.

Member Summary
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What is your relative planning to do in 2013?

crhptic (Mar. 31, 2011 @ 5:35p) |

2013 is when checks stop. After that, bank accounts still remain optional. Recipients who don't enroll in DD will be giv... (more)

svr411 (Mar. 31, 2011 @ 6:06p) |

If your relative doesn't trust banks, she doesn't have to keep her money there to have an account.

Most credit unions onl... (more)

mapen (Mar. 31, 2011 @ 6:40p) |

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IF there's the name of the issuing bank (?) on the check, would a local branch cash it, providing she has proper, current identification?

I don't know how current this information is, but some grocery stores used to cash paychecks for purchases and I believe it was company or government checks were done at no cost.

Just checked WalMart and they will do it for $3.00.
http://www.walmart.com/cp/Check-Cashing/632047

n/m

Have the money direct deposited into a Walmart Money Card.

If she needs every penny of that check then she needs to see the wisdom and value of using a free checking account. As long as she is avoiding banks, she is going to be paying fees to somebody.

Many casinos will cash a government check for free. Whether it's a good idea for your relative to do such a thing is, of course, another matter.

You could deposit it your account, then give her the money once it clears. Otherwise pretty much anywhere will charge a fee for non-customers (and even then, only for checks drawn from that bank); WalMart or the grocery store are the next best options.

Glitch99 said:   You could deposit it your account, then give her the money once it clears. Otherwise pretty much anywhere will charge a fee for non-customers (and even then, only for checks drawn from that bank); WalMart or the grocery store are the next best options.Most banks refuse to cash third party checks. Maybe credit unions are less strict about this?

WalMart grocery store or casino are the best options, with the cautions mentioned above

I remember Wells Fargo cashed a check for me for free two years ago.
They asked if I had an account, I said no, and they asked if I'd like to apply for one, I said no, and they said ok thats fine, and gave me my money

I also remember Cathay Bank said they would charge me $5 for not having an account, and I said that was fine, but they ended up cashing the check and not charging me anything.

theman2 said:   Glitch99 said:   You could deposit it your account, then give her the money once it clears. Otherwise pretty much anywhere will charge a fee for non-customers (and even then, only for checks drawn from that bank); WalMart or the grocery store are the next best options.Most banks refuse to cash third party checks. Maybe credit unions are less strict about this?I said deposit it, not cash it.

Glitch99 said:   theman2 said:   Glitch99 said:   You could deposit it your account, then give her the money once it clears. Otherwise pretty much anywhere will charge a fee for non-customers (and even then, only for checks drawn from that bank); WalMart or the grocery store are the next best options.Most banks refuse to cash third party checks. Maybe credit unions are less strict about this?I said deposit it, not cash it.
Depositing it can be tricky at some banks though. If it is in a stack of checks, they probably wont care. If it is solo, they probably will refuse it. If you deposit it through the ATM, I dont know.

I have been given trouble depositing third party checks to teller but have frequently deposited them in the ATM without any problems.

motsuka said:   I have been given trouble depositing third party checks to teller but have frequently deposited them in the ATM without any problems.

I wonder how long the bank has to "change their mind" about accepting third party checks through the ATM (or teller).

jetsfan92588 said:   motsuka said:   I have been given trouble depositing third party checks to teller but have frequently deposited them in the ATM without any problems.

I wonder how long the bank has to "change their mind" about accepting third party checks through the ATM (or teller).


I am an ATM teller. At my bank, if it processes through in the next business day or two your good. But... they usually catch people doing this and send the checks back with a fee for trying it. Personally I wouldn't do it, but I'm glad it works for you.

Most banks are getting away from free-free checking accounts. I have multiple accounts different financial institutions and most of them are starting to require higher balances, or an automatic transfer to be set-up between checking and savings. (My credit union is still free-free.)

Table83 said:   
I am an ATM teller. At my bank, if it processes through in the next business day or two your good. But... they usually catch people doing this and send the checks back with a fee for trying it. Personally I wouldn't do it, but I'm glad it works for you.


ATM Teller? ...right...

An endorsed check is a negotiable instrument. If your bank won't take an endorsed third party check for deposit to your account, you either:

A - have a *hitty relationship with your bank, or
B - have a *hitty bank to begin with.

On topic, I'm guessing your relative is getting some kind of government assistance check but trying to fly under the radar from a spouse, ex-spouse, judgment, etc? Don't help her hide; she can't have it both ways.

Doesn't want a bank account? How about a credit union account? Lots of them have free checking accounts.

LanzK said:   Which banks still cash checks for non-customers? and What do they charge?

One of my relatives has a small problem, she gets a government check and does not
want a bank account. She needs to cash this check to pay rent, buy groceries, etc.
But some of the local check cashing places cost way to much to do business with them.
She needs every penny of that check.

My bank (boa) won't cash a third party check. I tried searching but could not find
any site that had the list of fees or what banks did this. Does anyone here
have any ideas or information? I realise I may get flamed for this but, I want to
help her out.

dcwilbur said:   On topic, I'm guessing your relative is getting some kind of government assistance check but trying to fly under the radar from a spouse, ex-spouse, judgment, etc? Don't help her hide; she can't have it both ways.

Maybe shes in wit-pro and doesn't want the mafia to know .

jetsfan92588 said:   dcwilbur said:   On topic, I'm guessing your relative is getting some kind of government assistance check but trying to fly under the radar from a spouse, ex-spouse, judgment, etc? Don't help her hide; she can't have it both ways.

Maybe shes in wit-pro and doesn't want the mafia to know .
If opening an account in her new identity is going to alert the mafia, she's already in trouble....

Had this same issue with my parents. I eventually talked her into a free checking account with no checks issued at a local bank. Getting them to Direct Deposit was a harder fight, and it took a check getting lost to convince them. (it was the waiting for it to be verified non-cashed/recut that convinced them) I had to support them more than usual that month.

They had issues keeping a checkbook in the past (as you might guess) so fled banks and went to cash.

Most banks still have free accounts for elderly/direct deposit -- especially federal DD.

It's a shame that people are so afraid of banks. I'm amazed how many people get so far in life without basic financial literacy, and what's worse, are afraid of common financial instruments. I understand that people like to hold their cash, but if you've got so little that you need to hold it every day to know that you're alright, then you have a much more serious problem, probably on the spending/debt end of things.

As some others have said, WalMart will do it for cheap, but that $3/6 ($1000/5000) fee will add up, and it would be much better spent elsewhere, or better yet, saved. Depending on how often that check comes, you'd probably come out ahead even if you paid most bank's monthly fees...

Old school, she just doesn't trust banks. I have been trying to get her to make an account. She just has not come around yet. I never asked if she had any judgements, but they have exemptions that would make her check safe anyway.

Thank you for all the thoughts and information, I did not even think about a credit union or about the Publix suggestion, I'll go down today and ask them about that.


I did finally find something at a news site. http://www.wtae.com/r/27233504/detail.html

# PNC Bank: $10
# Fifth Third Bank: $8
# Citizens Bank: $7
# Huntington National Bank: $6

ajh5408 said:   It's a shame that people are so afraid of banks. I'm amazed how many people get so far in life without basic financial literacy, and what's worse, are afraid of common financial instruments. I understand that people like to hold their cash, but if you've got so little that you need to hold it every day to know that you're alright, then you have a much more serious problem, probably on the spending/debt end of things.
I agree, however, it's also concerning that people must have a bank account or pay a fee in order to get paid.

I agree with the suggestion that most banks have a free account for elderly/disabled. Also, aren't most recipients of government payments REQUIRED to use electronic payments/DD now? I didn't know they even still printed paper checks for benefits.

crhptic said:   I agree with the suggestion that most banks have a free account for elderly/disabled. Also, aren't most recipients of government payments REQUIRED to use electronic payments/DD now? I didn't know they even still printed paper checks for benefits.

They have until 2013 before it is absolutely required.

LanzK said:   crhptic said:   I agree with the suggestion that most banks have a free account for elderly/disabled. Also, aren't most recipients of government payments REQUIRED to use electronic payments/DD now? I didn't know they even still printed paper checks for benefits.

They have until 2013 before it is absolutely required.


What is your relative planning to do in 2013?

LanzK said:   They have until 2013 before it is absolutely required.

2013 is when checks stop. After that, bank accounts still remain optional. Recipients who don't enroll in DD will be given debit/ATM cards similar to how existing welfare and food stamps are distributed.

The politicians originally tried to financialize every benefit recipient, but the backlash against forcibly banking people caused the preloaded card option to be added.

If your relative doesn't trust banks, she doesn't have to keep her money there to have an account.

Most credit unions only require a $5 balance, and will allow you to immediately withdraw cash from a government check.

This would be more convenient and cheaper than Wal-Mart or a check cashing place.



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