How to Cash a Personal Check Without a Bank Account?
What is a personal check?
By definition, a personal check is a form of payment used to pay for services or goods and is drawn from an individual’s personal account. The check usually takes up to two days for it to clear at the bank account and for the given funds to be withdrawn.
A personal check differs from a bank check because a bank check is usually drawn against the bank or is guaranteed by the bank and the funds transferable can be accessed immediately.With a background information about a personal check, let us now see how one can cash out a check if he or she lacks a bank account.
Cashing out a personal check can be a difficult task especially if you lack an account. If one has an account opened with the given bank that the issued the personal check, one can be able to withdraw funds from the bank even without having to open an account of his or her own there.
If you do not meet the above minimum requirement you need to ask for the services of organizations and businesses that deal with cashing checks. You can find such businesses by checking them on a list of businesses that do accept check trade-ins for instant cash on the country yellow pages or through online research.
While at it you can also find the time to find out about the different prices that each business is charging aa transaction fees. You can also find out about the documents you may need to carry. Here you will also be required to carry an identification like a driver license, national ID, work ID or any form of standard identification that contains a picture of you.
With all this, now you can be able to visit the center you choose with your identifications and the personal check to cash out. One key goal of most people that use the above businesses is to get their cash as soon as possible.
Such organizations do not have extended holding period like at the mainstream banks. You can have your money within minutes, mainstream banks have a holding period of up to five working days.
Does WalMart cash checks on a Sunday?
If you really want some cash on a Sunday, you can try out either of the following options:
- (1) Try to find out if your bank where the check is drawn on is open on Sundays.
- (2) use cash check exchange businesses(private companies that offer such services like MoneyMart and Western Union) in some countries such businesses are called payday loan lenders.
Does WalMart cash a personal check?
Walmart only cashes certified checks like government and payroll checks. Their fee charges are at around $3 for this service. They, however, do not accept handwritten checks then they will help. Cashing personal checks at WalMart.Cashing out a personal check at WalMart is similar to the procedure at any bank but as an extra precaution at WalMart is that the payee of the check must be physically present for the transaction to go on.