If you’ve recently received a personal check from someone, either as a gift or as payment for some service, you may be wondering where you can cash it. While there are many locations where you can cash government or payroll checks, finding locations that will cash personal checks has become increasingly difficult. There are several options available for cashing a personal check, some of which will charge a fee and some which will not. Obviously, the places that don’t charge you for cashing your check are preferable, but depending on your situation, they may not be an option for you. Here are several places where you can try to cash your personal check.
If you already have a checking account, this is the best way to cash your personal check because your bank won’t charge you a fee. Simply bring it to your local branch, sign your name on the back of the check, and give it to the teller. It’s always a good idea to wait until you get to the bank to endorse it, just in case the check is lost or stolen. If the check is written to more than one person, you’ll need both signatures on the back. You may also be required to provide proof of your identity and your account number. If you don’t already have a checking account, you should consider opening one; most other options for cashing a personal check will cost you a fee.
Another option for cashing a personal check is to take the endorsed check to the issuer’s bank; that is, the bank where the person who wrote you the check has the account. Because they can immediately determine whether or not the funds are available, the issuer’s bank can give you cash on the spot. Most banks will charge you a fee if you don’t have an account with them, however, and you will likely be asked to show some proof of identity. If the bank feels that something is suspicious, they do have the right to refuse cashing the check.
If you don’t have and are unwilling or unable to get a checking account of your own, you could ask a trusted friend or family member to cash it for you. This will involve you signing the check over to them and having them cash it at a bank where they have a checking account. As with cashing a check at a bank where you have a banking account, there shouldn’t be any fees involved. Just be sure the person to whom you sign over the check is trustworthy enough to give you the cash once they’ve received it.
The customer service departments of some grocery stores may be willing to cash your personal check, especially if you’re a regular shopper at their establishment. The grocery store may or may not charge a fee. If they do charge a fee, however, they’re usually fairly small. Again, you will likely need identification in order to cash your personal check.
Check cashing establishments, pawnshops, and payday loan centers should be a last resort when it comes to places where you can cash a personal check. Although they will certainly do it for you, they’re likely to charge a hefty fee for the service. Shop around to find the lowest fees and be sure to bring identification.