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If there is no money in a checking account can you cash a check?
Wiki User
∙ 9y ago
There are a couple ways to answer this question.
1) IF A CHECK IS WRITTEN OUT TO YOU.. and you would like to cash it but have no money in YOUR account: Unless it is a government check or a payroll check you will not be able to cash it. Most banks now require you to provide your Social Security Number when cashing it instead of your account number (since there is no money in your account to "hold the check" against.) IF you still need to cash it you can always bring it to the bank that it was "drawn off of" on every check it says what bank that persons account is at.
2) IF A CHECK IS WRITTEN YOU TO YOU.. and you would like to cash it but the person whose account it's coming from does not have enough money (or no money) you'll still be able to cash it, however the person whose account its coming from will be hit with an overdraft fee. Also, when you bring it to your bank to cash it and it is "drawn off" a different bank the money may be drawn out of YOUR OWN account. Banks dont like giving out money for free. I highly suggest you bring it to the bank it was drawn off of to avoid any problems.
2) IF YOU WROTE OUT A CHECK.. and dont have enough money in your account the check might go through, but you will be hit with a big overdraft fee for going below $0.
Wiki User
∙ 9y ago
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Do you need a checking account to cash a check at bigy?
no
What are the differences between cash and debit cards?
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
How does a checking account help someone to reach their financial goals more than someone who cashes a check to cash?
Many places will not take cash, so if you need to pay a bill to one of these companies you will have to buy a money order. The extra cost in money and time detracts from your ability to advance financially. Even when you don't write checks, you can pay many bills online with an automatic deduction from a checking account.
When writing for deposit only with the account number is a signature required?
Yes. That's what counts. Depends....I had to go deposit cash to my sister's bank account one time all they asked for was the account number I gave it to them and the money then they printed me up a receipt. When I deposit money into my bank I always sign it. If you are trying to deposit A check into A checking account, The check has printed on it "for deposit only" the check has to be signed by the writer but not the reciever.
What does it mean to cash in a check?
Cashing a check means converting a instrument of money like a check to the money it is worth. Let us say you get a check for $1000 from a friend and you deposit it into your account with your bank, you will get the money deposited into your account. This is called Cashing a check.
Is a check considered to be money?
A check from a person's checking account with a bank is used as cash to make purchases. In that sense it is quite acceptable as cash currency.
Do you need a checking account to cash a check at bigy?
no
Can you put money order in your checking banking account?
Yes, you can deposit a money order into your checking account, just as if it were a check or cash. List the money order in the "checks" section of the deposit slip and endorse it on the back in the appropriate place (which is generally indicated on most money orders).
Where could a cash advance no checking account be opened?
A cash advance, no checking account to have to open can be obtained at: Pay Day Loan Cash Here, Check Into Cash, Quick Pay, Rapid Cash. In Canada Capital Cash.
What are the differences between cash and debit cards?
They are one in the same with the exception that with cash you have the money in hand. Debit is a card that is linked to your checking account and you debit your money from your account but it is the same as cash in a store.
What is Check standard?
A standard checking account at most banks is an account where a person puts money in, and then they can write checks to pay their bills or get cash. A standard checking account might have a minimum balance the account holder has to maintain, without being charged a service fee.
Where can you cash a check issued by JP Morgan Chase bank?
At whatever bank that your checking account is in(free). Or at a check cashing place like a liquor store(costs money).
What is aregular checking account?
A checking account is one of the basic types of bank accounts available to customers.Having a checking account is good because:You can save your surplus cash in the account for your future needsYou get an ATM/Debit card that you can use for shoppingYou get a check book that you can use to pay off people money that you owe them
How do to redeem received money orders when Walmart refuses to cash them?
deposit into a checking account.
If you don't have a checking account and have received an 8000 check How do you cash it?
Open a new account and cash it. Banks would take a maximum of 2-3 working days to create a new account for you.
Where can you cash a check issued by citi smith barney?
The best way to cash a check is to have it deposited into your checking account. You can also take it to Citi branch if you have one near you.
Can you get a check at an ATM?
The answer is no. ATM machines only dispense cash. if you have checking account, you can withdraw cash from ATM machines using debit cards.
