How to Cash a Check at the Grocery Store
According to the Center for Financial Services Innovation, there may be more than 50 million individuals in America who don't have a bank account. Historically, many of them have relied on their local grocery store as an unofficial financial services center. And at most stores, cashing a check is relatively straightforward.
Other People Are Reading
Instructions
-
-
1
Choose a store where you shop regularly, and where you are known. If you have a store card registered with the store, this will help, because the store will already have your ID and address on file.
-
2
Ask the customer service desk for the store's policies. It may be that the store will only deal with paychecks, or unemployment checks, and will not accept personal checks.
-
-
3
Take your photo ID with you when you go to cash your check--preferably a drivers' license. You will also often be asked for your Social Security number. Some stores now have new software that will store your ID information and photo electronically with a record of the transaction, as a way to reduce fraud.
-
4
Check what kind of fees you will be charged. They may be more expensive than those you would be charged by a bank or check cashing store, but it may be worth it to you in terms of convenience. Some will charge a percentage of the check's value, but others, such as Wal-Mart, charge a flat fee. Wal-Mart's fee for any check up to $300 is $3 as of 2010.
-
1
References
Resources
- Photo Credit check book image by Rob Hill from Fotolia.com
