How Do I Cash a Refund Check Without a Banking Account?
When you get a refund, all you want to do is make use of those funds. If you don't have a banking account (like many people in the U.S.), you can use other financial (and non-financial) institutions. These include your local grocery or convenience store, or the bank in which the check is drawn. You can even sign the check over to a friend or family member and have them give you the funds.
Other People Are Reading
Instructions
-
-
1
Go to the bank where the check was drawn. For instance, many checks issued from the U.S. Treasury are issued from Bank of America. You may be charged a small fee for not having an account with the bank; however, all you will need is a photo ID. They will also likely take a fingerprint of your thumb or index finger.
-
2
Go to a check cashing store. There are numerous check cashing stores that charge fees to cash your check. These are also known as payday loan centers. Shop around, as the fees can be very high if you're not careful. They generally calculate fees by percentage of the total amount of the check.
-
-
3
Go to your local grocery store or gas station. Usually these stores, especially grocery stores, have check cashing services. The fees may be higher than the bank, but they are generally the same price as check cashing stores. Large chains, like Wal-Mart, will usually charge a nominal fee instead of a percentage.
-
4
Ask a friend or family member to cash the check for you. Some banks allow customers to cash checks from non-account holder. You will have to go with your friend to the bank. If the check is from a reputable establishment, you can also sign the check over to your friend and ask them to pay you. The teller at the bank will advise you on the best method.
-
1
References
- Photo Credit check book image by Rob Hill from Fotolia.com
More Like This
Comments
-
wal mart does not cash refund checks. Just tried to cash an insurance refund check and was told only payroll or govt. checks.
