When you think about going to Walmart, you might think about doing so in order to purchase groceries or other household necessities. What some people do not realize, however, is that you can actually cash your checks at Walmart as well. If you are looking for a good way to cash your checks, you could be wondering if taking them to Walmart is a good idea. This is a little more information to help you determine if this is the right decision.
Why Cash Your Checks at Walmart?
First of all, you could be wondering why you should consider taking your checks to Walmart. These are some of the benefits of doing so:
- You can get your check cashed right away, even if you don’t have a bank account.
- The fees are cheaper than with many other places that cash checks.
- You can get your check cashed while you’re handling other errands, such as going grocery shopping.
Can You Cash Your Check at Walmart?
If you have a check on hand that you need to cash, you could be wondering if you will be able to get that check cashed at Walmart. The good news is that Walmart does cash a lot of checks, including tax refund checks, government checks, payroll checks and more. Walmart cashes checks for amounts up to $5,000 for most of the year. During tax season, you can cash checks up to $7,500 at Walmart.
Walmart might not accept your check if it’s handwritten or if you try to cash it too long after it was originally written; of course, you’ll need to check your local store to see what the rules are. Additionally, you can expect to have to provide your government ID.
Is it a Good Deal to Cash Your Check at Walmart?
Of course, you will probably find that cashing your check at your own bank is the best financial decision, since you might not have to pay a fee at all. However, if you do not have a bank account or if you are hoping to have your check cashed immediately rather than waiting for your check to clear before you have access to your funds, you could find that cashing it at Walmart is the better choice.
As you can see, even though you might find that it’s a better deal to cash a check at your own bank rather than at Walmart, handling your check cashing at this national retail store can be a good idea. Next time that you have a check on hand that you need to turn into cash, you may find that heading to your local Walmart is actually your best bet.