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Can a check made out to a business be cashed at a check cashing store?
Wiki User
∙ 9y ago
It depends on the store. Most stores will do it if the business is in good standing. However, call ahead to ask the manager. For info on check cashing or where to get a check cashed you should go here... they have a nationwide store finder and FAQ and other very useful info. Cheers!
In Canada it is against the law to cash a cheque that is made out to a company or business , however this may be allowed in some other country.
Wiki User
∙ 9y ago
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How much cash does a check cashing store have in it?
Depending on the size of the company, a check cashing company holds anywhere from $100,000 to $500,000. this is needed to cover any checks that may need to be cashed any given day.
Do they always run the checks that are being cashed?
Unless it is a very small store, in a small community they will almost always confirm the check is good prior to cashing it.
I cashed a check from a insurance company at a check cashing store and they notified me 4 days later that a stop payment had been put on it and now i am being told i am liable for the money?
Yes, you do owe the money to the check cashing store, including any fees that they had to pay for the bad check. It is your responsibility to resolve the problem with the insurance company that issued the check.
Can a check cashing store prosecute you for cashing a fake check?
Yes, a check cashing store can press charges against you for cashing a fake check, as it is considered fraud. This action can lead to legal consequences and potentially criminal charges being filed against you. It is important to always verify the authenticity of a check before trying to cash it.
Why is it not good to go to a check cashing store instead of a bank?
At a check cashing store they charge you to cash your check. A bank does not.
Cashing a business check without a bank account?
Your business needs to be registered in a state and you need to use your registration documents to open a business checking account. Banks do not cash checks made payable to a business because they have no way of knowing if you really have the authority to be cashing the check, ie if you own the business.
What is the purpose of a check cashing store?
The purpose of a check cashing store helps clients to cash their check for a fee. The check cashing store is very useful, especially when one does not have a bank account. many of these stores also offer short term loans.
How can you get caught cashing a fake check in a check cashing store?
Yes, all currency will run into a bank at some point or another and they will send the check back to the check cashing business. If the Check is bad you can go to Jail for either Felony or Misdemeanor Check Deception or pay a huge fine and pay back the amount on the check + $20.00.
Is there a maximum amount that check cashing stores can cash?
Each individual check cashing store will have their own set limits on the highest amount you can cash. These vary depending on how much cash the business keeps available.
Where can one get checks cashed for cheap or free?
Generally someone can cash a check for cheap or free at your local bank. If the check is drawn off of that bank then there is many times no fee. You may also check with your local grocery store, a nearby casino, or at one of many check cashing store such as MoneyTree.
How to cash a personal check?
You can cash it at your bank, or check cashing retail store. Check your phone book or Google search check cashing with your city name. (i.e check cashing Orlando)
What is a check cashing store?
A check cashing store allows you to write a check and get cash. They will hold the check until some later date, then cash it. There is a fee added to the amount of the check for this service.
