There are many, many functions that a lot of people are not aware of when it comes to major stores. For instance, a lot of people do not realize that Walmart has its own in-store alternative to banks.
While you may not be able to do everything that you would be able to do at a bank, you can get a number of things done by using Walmart’s own Money Center. Whether the bank in your area is not open or it is much farther away than your local Walmart, there are plenty of reasons why you might end up relying on the Money Center to take care of some of your money-related needs.
One of the most common uses of the Money Center is using it to cash out your checks. Of course, there are plenty of other ways this center can provide assistance, but more often than not, people will choose to cash out their checks at Walmart.
If you have never heard of Walmart’s Money Center before, you might not know what to expect. Before you use it for the first time, you are going to want to think about a few different things.
For one, if you are wondering does Walmart cash checks, you are going to need to check with your local store. Laws can vary from state to state, meaning that different stores may have different policies. Speaking of policies, you will also want to look at the Walmart check cashing policy to learn about the finer points of relying on their Money Center.
By doing these things, you can feel comfortable knowing that you will be able to cash your check at Walmart, allowing you access to money that you may not be able to access if your local bank is not open.
When Can You Cash a Check?
First things first, before you start making plans to cash your check, you will need to make sure that your local Walmart offers the ability to do this. Even within different counties of a state, regulations and policies can vary wildly. This means that you will need to check with your local store’s rules and policies to make sure that you have a location near you where you can cash a check.
From there, you will want to look for the general hours of the Money Center, as this is the main part of the store that you will be interacting with when you want to cash a check. With that being said, most stores will go by the rule of having the Walmart check cashing hours between 8:00 a.m. and 8:00 p.m. on Mondays through Saturdays. On Sundays, the center will be open between 10:00 a.m. and 6:00 p.m., which is something that you will need to keep in mind.
If you are worried about whether your local store’s hours are different from the standard times that the center is open, there are a few ways you can go about checking this. The best way to do this will involve going through the store’s main website.
Now, you will want to select the button that has a location icon on it. When you have done this, you can either put in the city and state where you would be cashing the check, or the zip code of the area. This should bring up a list of stores in the area that you can choose from. You may need to do some checking to make sure that the stores listed all have working Money Centers.
Once you have found a selection of stores, you can either research the store further to find their hours or you can consider calling them. Either one will get you more information on when the Money Center will be open for you to rely on Walmart cash checks.
How Does it Work?
Cashing in a check at Walmart is an incredibly simple process, and you can even load the money onto a Walmart-specific card if you shop there regularly and can make good use out of it. You will not need to register for anything nor will you have to wait to get the cash that you need. Do keep in mind that some details can vary from state to state depending on the local laws. More often than not, an employee working at the Money Center will be more than able to answer any questions about state-specific regulations.
Once you are there, all you will need to do is present the check to the employee at the Money Center. Depending on the store, you may be doing this at the Service Center portion of the store instead. There may be some fees, depending on the amount of money the check is worth and the type of check you are working with, that you will need to be aware of. These fees are rarely more than $10.
After you have presented the check to the employee, you will need to decide how you want the funds to be delivered to you. You can choose between receiving your money in cash, or through a Walmart MoneyCard. From there, you will have your money in your hand and you can go about your day as you otherwise would be able to. In many cases, this can be even faster than going to the bank, especially if the bank is closed in your area.
Will You Need Anything?
There are some situations where you may need to bring more than just the check that you want to cash out. You should always have the items that you could potentially need, even if you are pretty sure that you won’t need them. After all, it is better to be more prepared than not prepared at all.
Usually, you are going to need to bring some documents with you to ensure that the process goes through smoothly. The check should already be endorsed before you begin the cashing process, and as a general rule, you should make sure that the check is legitimate.
After that, you will want to make sure that you have a government-issued form of photo ID. This can be a driver’s license, a state ID card, a passport, or something similar. It needs to have a picture of you (that is government-issued) in it to make sure that you are who you say you are. Depending on the location, you may also need to bring your social security number. It is not often that this is required, but if you want to be as prepared as physically possible, then you may want to consider bringing that with you.
Finally, you will need to bring enough cash to cover the fee of cashing the check. The fee is often no more than $10 for the largest checks, but these may vary depending on the location and the type of check that you are cashing.
What About Fees?
Finally, there is the matter of fees. One of the downsides to using Walmart to cash your check is that there are fees involved. However, there are plenty of situations where you may feel that these fees are worth it.
For checks that are under $1,000, you will generally pay about $4. For checks that are over $1,000, you will have to pay $8 instead. If you are cashing a card, then the fee will be about $3.74 and there will be limitations on how much you can cash out at once. If you are cashing a two-party check, then the fees will be no more than $6, but you will have a cashing limit of $200. There is a maximum limit as to how much you can cash out. Typically, the maximum limit is $5,000, although it can be $7,500 between the months of January and April.