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What is the time line from when a check is issued to be cashed

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11y ago
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12y ago

Walmart charges a small fee for cashing checks. This is because they are taking on a risk of the check bouncing and them being screwed over with the cash they handed out for the check.

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Q: Does Walmart charge any fees for check cashing?
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How much fees do check cashing services normally charge to cash a check?

Check cashing services normally charge more than most banks. Their fees normally range anywhere from 3-5% per check depending on which company one chooses.


WHich check cashing services in Memphis charge the lowest fees?

Let me suggest you cash your check at the bank the check is written on , or in your own banking account. Most check cashing fees at stores take 1- 4 % of your pay which no good. Cashing your check at your bank, or at the bank your check is written on, should cost you nothing.


What is the fee to cash a check at a check cashing business?

The fee for cashing a check is usually 2 or 3 % of the face value of the check. Each establisment may have their own fees, so be sure to check the fees before cashing your check. most check cashing businesses charge 3-5% fee based in the amount of the check. In most cases it would be cheaper to get a checking account at a bank and pay the monthly service fee.


Why is it not good to go to a check-cashing store instead of a bank?

The main reason it is not good to go to a check-cashing store instead of a bank is the fees that will be assessed by the check-cashing store. Check cashing stores tend to charge you a percentage of the check as a fee - 10% or more, usually. Banks, if they charge you a fee at all, usually charge a flat fee that ranges from $5-15, and usually only on checks over a certain amount ($50 or more). And most banks will not charge you any fee to cash a personal check that is made payable to you (fees typically apply only to checks given to you by a business rather than an individual).


Is it good to go to a check cashing store instead of a bank?

The main reason it is not good to go to a check-cashing store instead of a bank is the fees that will be assessed by the check-cashing store. Check cashing stores tend to charge you a percentage of the check as a fee - 10% or more, usually. Banks, if they charge you a fee at all, usually charge a flat fee that ranges from $5-15, and usually only on checks over a certain amount ($50 or more). And most banks will not charge you any fee to cash a personal check that is made payable to you (fees typically apply only to checks given to you by a business rather than an individual).


Can you claim check cashing fees on your taxes?

No, of course not.


Can you see the check cashing fees for PLS Check Cashing?

Yes, for payroll checks, the fee is 1 percent + .50 cents.


Can you write a check to yourself and cash it at a different bank?

Yes, but you better have money in the account. They can get you on cashing a bad check and charge you fees for both banks and maybe fraud since it was to yourself.


where can I cash a social security check other than at a bank?

Wal-Mart will cash most government checks as will some supermarkets. There are also many check cashing services but they charge a percentage of the check for their fee, sometimes hundreds of dollars, depending on the amount of the check. The fees at WalMart vary form state to state, but is usually only a few dollars.


What types of fees are incurred at check cashing stores?

Depending on your location is if you get a fee or not. Most probably, if you do not have a bank account with the company you will have to go to a check cashing store that usually have a flat fee.


If a payroll check cashed at a check cashing facility is NSF can the check cashing facility hold the payee liable?

Yes, the payee received the funds from the bad check and is responsible for returning those funds to the check cashing facility. The payee can then seek restitution from the maker for the funds from the check plus any fees, etc. they paid.


Why does HSBC charge check cashing fees for checks drawn on their bank?

They charge non-customers a fee of up to $5 for cashing their paycheck, even when the payroll account is located in the same branch you are cashing the check in. They do this because it is a source of income for them and it is not illegal. There is no one to stop them from charging this fee. Since you are a non-customer, they do not care about you. If you don't want to pay the fee, then you will have to cash your check elsewhere. To avoid the fee, they want you to become a customer, but this is a trap, since once you are a customer, you will be subject to even more fees. Also they will hold onto your money and pay you (literally) .01% interest while they charge dozens of times that interest rate when they lend your money out to other customers.