Cash-out the personal check

There are many places where one can cash out their personal checks in the United States. The most common places where people cash out their checks are banks or financial institutions, but with the advancement in technology, one can easily cash out their checks from major retail shops like Walmart or simply by using the ATM where the individual is an account holder. Using the bank’s mobile app, the individuals can deposit the check in the ATM and get the cash in hand. Cashing out a check at a bank where an individual is an account holder is free of any charges, but that is not always true if an individual is not an account holder. Then, they have to pay service fees to that bank. ..

Steps to cash a personal check at a bank

Charges for cashing out a personal check:

  1. Wells Fargo: $0.50 per check cashed out
  2. Chase: $0.75 per check cashed out
  3. Bank of America: $1.25 per check cashed out
  4. Citibank: $1.50 per check cashed out
  5. HSBC: $2 per check cashed out

For account holders

If you are an account holder at a bank, the bank will not charge any fee for cashing out checks. They may ask for government id proof or can deposit the money directly in the depositor’s bank account, who can cash it out at his/her convenience.

For non-account holders

Bank of America: $0.50 Citi: $0.75 JPMorgan Chase: $1.25 Wells Fargo: $1.50

Bank of America charges an amount of $8 for each check which amounts to $50 and above.Chase also charges $8 per check for all the checks.BB&T charges $8 for an amount of $50 and above per check, and it’s free for under $50.Capital One is free of cost.Citibank is free for all checks under $5000.BBVA Compass charges $10 per check.Wells Fargo fee is $7.50Union Bank charges $10 for each personal check above an amount of $100 and $10 for each business check above an amount of $25Regions Bank is free under an amount of $10 and charges 1% of the check amount if the amount is more than 10 with a range of charges where the minimum is 2, and the maximum is $20.HSBC Bank is free for personal checks and charges for business checks.PNC Bank does not charge any fee under the amount of a ..

Cashing a personal check at major retailers or grocery stores

Walmart and Kmart provide check cashouts through their services. These services charge service fees that are usually less than $10 per check. The charges at Walmart are $4 for any amount up to $1000 and $8 for any amount above it. Kmart charges $1 per check for any amount up to $500. The process is similar to any bank, but you need to show your government id proof which is mandatory.

Conclusion

Cashing a personal check is easy and free of charge for account holders at most banks. Non-account holders may be charged a fee by some banks, but HSBC and Capital One are exceptions. ..