Walmart Check Cashing Rules

Over the past few years, Walmart has become one of the most popular places in the country to have a wide range of checks cashed. One of the main reasons for this is the convenience factor – because there are so many Walmart stores throughout the country, it has made it easier than ever to have checks cashed – even over weekends or on holidays in some cases. However, there is some Walmart check cashing rules to keep in mind though.

Identification will be needed

When cashing any type of check at any branch of this franchise, part of the Walmart check cashing rules state that you will need to provide some form of valid identification to process the transaction. You will also need to agree to have the check processed electronically, as this goes a long way in helping to prevent check fraud of any type. It is also important to remember that Walmart does not accept any form of starter checks or personal checks for their cashing program. You may also be required to provide your full social security number at the time of cashing.

Other Terms and Conditions to Keep in Mind

An important aspect of Walmart check cashing rules that should be kept in mind is that small fees will apply when cashing checks. For any checks that are up to and including $1,000, you will only pay a $3 processing fee, while checks that are valued from $1,001 to $5,000 will attract a processing fee of just $6. Checks must also be signed by you before you leave the store and all of the numbers at the bottom of the check need to be 100% readable – otherwise, the scanning system will not be able to process it (there are no exceptions here). In cases where the third party system cannot read your check at Walmart, you will be required to take it to a bank for cash.

When following the Walmart check cashing rules, it is easy to exchange a wide range of printed checks for cash. If you choose not to take cash, you can have the value of your check loaded on to a Walmart MoneyCard – but you will only be able to spend its value at Walmart stores if you choose to go this route. This may be inconvenient if you have purchases to make at other stores.