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Most Americans get their wages, tax refund, insurance, etc. in the form of a check and they need to cash it. The options available are numerous. They include banks, credit unions, retail stores, check cashing stores. Each has its own pros and cons, which are determined by the speed and comfort of the process, check types, amounts and the fees. The majority choose check cashing stores as they are the quickest, the easiest and sometimes even the cheapest.



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Rates last updated January 17th, 2021


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Check Cashers service. 

A Check Casher offers a number of financial services, many of which you would expect to find at a typical bank or a credit union. Check cashing is obviously one, but others include:

  • Payday Loans
  • other short term loans, 
  • bill payments, 
  • money orders, 
  • notary services, 
  • currency exchange, 
  • public transportation passes, 
  • mail services, 
  • prepaid debit and credit cards, and so on. 

The exact services vary from business to business and even location to location. Find the one you need and compare their offers on

How to cash a check step by step. 

If you’ve got any check that you’d like to cash you need to know about all your options and which steps to take:

  1. First of all it depends on whether you have a valid bank account or not, and whether you want to use the bank’s services or any alternative institution. You can compare all the offers on
  2. If you have an account, you can go to your bank, credit union or ATM.
  3. If you don’t have an account, choose retail or check cashing stores.
  4. No matter which way you’ve chosen, you must endorse the check before cashing it, put your signature or name on the back of it.
  5. Before you go to the cashing institution make sure you’ve got your ID with you. It may be a driving license or any other government’s ID.
  6. Visit the nearest bank. Credit union, ATM, retail or check cashing store, give them the check and get the cash. You can check the closest locations on our website
Must know!
If you choose using your bank account for check cashing keep in mind that you may not be able to get the money at once, at first you’ll have to deposit money into the account and then withdraw it via pre-paid debit card or from the cashier. Or you’ll be offered not all the amount of the check value.

Personal and other types of checks. 

When you want to cash a check it’s very important what type of it you have as not all institutions accept certain checks. The safest are government-issued checks such as tax refunds, Social Security benefits and other checks drawn on the US Treasury.

The riskiest type of check is Personal where information is hand written. You have more chances to cash them if the amount is relatively small, but expect higher rates.

Check cashing stores are very convenient and popular among the residents of the USA as they cash any type of check including personal and large dollar checks.

The main types of checks you can cash include:

  • Payroll Checks
  • Tax Refund Checks
  • Insurance Drafts & Checks
  • Settlement Checks
  • Government Checks
  • Cashier's Checks
  • Bonus Checks
  • Business Checks
  • Large Dollar Checks
  • Small Dollar Checks
  • Money Orders
  • and More. . .

Free and fee-charging check cashing places. 

If you have a bank account checking a cash must be free, but not always. Banks often claim to provide free service to their customers. But even if check cashing itself doesn’t require any payment, there is ATM fee, account maintenance fee or some other.  Besides it may take 7-10 days for the bank to clear the deposited check (It’s governed by RegCC). So if you need urgent money you’d better use the check casher’s service.

Compare all the places you can address in order to get cash instead of your check:

  • Bank - for those who have an account, don’t need all the value of the check and who don’t mind waiting till you deposit the funds and withdraw cash later.
  • Credit unions - for members only.
  • Checkwriter’s banks - for safe checks holders and for those whose check was not government issued as you can’t walk into the US Treasury.
  • Retail stores - free option for those who are going to spend part of their cash in this store, for safe checks only or for regular customers.
Interesting to know!
Kmart stores provide check cashing service for free if you are a member of the Shop Your Way program. Walmart can cash your check for free, or maximum charging you $3. Local groceries take only $1 fee for this service.
  1.  Prepaid cards - for those who can’t open a bank account, but have a prepaid account, where they can deposit money using a special app and then withdraw it through the ATM. 
  2.  Check Cashing Stores - for those who don’t have a bank account, or they are not sure there type of check will be accepted in other institutions, or they have a large amount check, or they just need all the cash fast in a lump sum and don’t mind to pay a transparent fixed fee for this service. 1

Checks  amounts and fees charged for cashing them. 

All the checks can be subdivided into small and large amount. Small checks go under $1,500 and can be easier cashed in any company, while larger than $1,500 ones may take some time to clear the deposit if you cash them in a bank. It usually takes about two business days for a deposited check to clear, but it takes a little longer – about five business days – for the bank to receive the funds.

Depending on the amount of the check, you may have access to the full amount in two days. Some banks make a portion of the check available immediately or within one business day. For example, your bank might make $150 or $200 of a $500 check available immediately, or within one business day of the deposit, and make the balance of the check available in two days. 2

The fees on check cashing depend on the place where you do it. Those prices are often in dollar amounts, but sometimes, as in the case of the check cashing, it’s listed as a percentage of the face value of the check. Compare how much you’ll be charged for this service at the following places:

Place to cash a check



Free (but on condition that you are the client of this bank, and even if you are you may be charged ATM fees, and account maintenance fees)

Credit union


Retail store

$1 - $10

Local grocery


Check cashing store

Up to 10%

Still you must remember that though banks and credit unions advertise free service, there are many hidden fees. Check cashers are not so expensive if you take into account all their other benefits. 

Why people choose check cashing instead of banking services. 

Though Check Cashers are thought to be rather expensive many Americans prefer to use them to banks or credit unions. Let’s find out why enumerating all pros and cons of both institutions. 



Check Cashers


  1. It’s reliable
  2. It’s free for account holders
  1. Each service has a transparent fixed price
  2. All the transactions are done over a counter for a clear fee
  3. Any type of check can be cashed


  1. Many get underbanked because of overdraft fees
  2. Hidden fees
  3. Cold customer service
  1. No savings account service
  2. It may take some minutes to verify the check

Best suit for

People with a valid checking and savings bank account, without any overdraft fees or debts.

People who are unbanked or underbanked, who want to get all the amount right here and right now.

Thus, the three main reasons why people prefer to use Check Cashers instead of traditional banking service are:

  1. Cost
  2. Transparency
  3. Service

Servon, a professor of city and regional planning at the University of Pennsylvania and a former dean at the New School, who spent 20 years studying low-income communities, says “Many people use check-cashing services not out of ignorance, but because it is the best option for money services available to them that handles their needs”. 3




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Any comments or reviews made on this website are only individual opinions of the readers and followers of the website. The website and its authors team are not responsible, nor will be held liable, for anything anyone says or writes in the comments. Further, the author is not liable for its’ readers’ statements nor the laws which they may break in the USA or their state through their comments’ content, implication, and intent.


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