How to Cash a Check

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Cashing a check is best done by first getting all contact information from the check writer, taking the check to the bank and presenting it with a photo ID. Cash a check at the bank, who will most likely put a hold on the money until it has cleared, with advice from a registered financial consultant in this free video on money management.

Part of the Video Series: Money Management & Credit
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Video Transcript

This is financial adviser Patrick Munro, talking about the best way to cash a check. If you take a check as payment for goods and services, make sure that you trust the individual, that you know the individual, and that you're given a check with their updated name, address, and telephone number, that you do have their driver's license, as well as a mode of contact back, should that check be basically presented and shown to be NSF. Taking checks is a very difficult situation. If you're taking private payment, the check should be certified, if you're taking payments, but if you're going to cash one, take it to the bank, where you are known, and then you present your I.D. as well, and make sure that the money is presented to your account, as such. Sometimes banks will put a hold on the check to make sure, because the party that wrote it, was unknown to them, so try to avoid this practice, wherever possible, but always make sure that identifiers are on the check, from the person that is giving it to you, and then when you go to your bank, make sure you present yourself, and your identification, as well. This is the most effective way to cash a check. Financial adviser, Patrick Munro.

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