How to Cash a Tax Return Check

You have a few options for cashing a tax return check.

When you receive a tax return check in the mail, whether the windfall is minimal or substantial, cashing it usually becomes a priority. You have several options for cashing a tax return check, including financial institutions, check-cashing centers and retailers. If you decide to cash a tax return check at a retailer, check among your local stores to see if any are offering discount incentives for cashing your check with them.

Things You'll Need

• Picture identification

Instructions

1. Take your check to your own financial institution where you hold bank accounts. Present the check for cashing, and endorse the back of the check when the teller asks you to sign it. Provide identification if the teller requests it, and either receive your cash or deposit the value of the check into an account.

2. Present the check for cashing at a financial institution where you do not hold a bank account. Although banks do not have to cash checks for non-customers, many will for a fee. Inquire about fees before cashing the check, and present your endorsed check if you feel the fee is reasonable. Be prepared to present picture identification to prove your identity.

3. Visit a retailer and present your tax return check for cashing. Some major retailers announce incentives each year to entice people into cashing their tax refund checks. Know the terms of the incentive before you cash your check---some retailers may require you to receive the value of your check in a store gift card. Endorse your check, and present identification if requested.

4. Cash a refund check at a check-cashing center. Expect a service fee when you use the center---it may be a flat fee or a percentage of the total of your check. Sign the back of the check, and present identification when requested.

References

• CBS MoneyWatch: How to Spend Your Tax Refund
• WTHI-TV: Cash in Tax Return, Receive More Money