answersLogoWhite

0

If one does not have a bank account, they can still cash checks. They can go to check-cashing stores. They have to pay a fee for cashing their checks.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Accounting

Where can one find the bank account number on his or her checks?

The precise positioning of one's account number on one's checks will vary depending upon which country one is in and which bank issues the cheques. Usually the account number is along the bottom of the check.


Does a business need a bank account to operate?

It would be in the best interests of the business to have one in any event, but if your business is going to accept checks, you will need a bank account to deposit those checks in to as checks made payable to businesses typically cannot be cashed.


How do you cash a cashiers check if you have no account and the check is from out of state?

To cash a cashiers check if you have no account and the check is from out of state, you need to go to a business that specializes in cashing checks. You don't need an account there, and it shouldn't matter if a cashier's check is from out of state, since that type of check guarantees the funds. You can also go to a local branch of the bank that issued the cashier's check and cash it, if there is one near you.


Bank id for bank account?

Usually, to open an account at a bank, you must provide multiple forms of ID. If you have a valid Driver's License, a Military ID card, or a Alien Residency Card these are accepted at a bank when opening an account. Your bank will also, most likely, require you to have two or more forms of ID to confirm your address. Sometimes you can provide a piece of recent mail (like a bill for utilities or phone service) that has been mailed to you at your current residence. When coming to the bank after your accoutn is set up, usually one form of picture ID is all that is needed when completing transactions such as cashing checks and withdrawing money.


What does it means to deposit a check?

It means to take it to the bank and have them credit it to one of your accounts at that bank. If you receive cash for the check it is 'cashing a check.'

Related Questions

What is the meaning of banking and non banking?

Banking = holds an active account at a bank. Normally used in relation to depositing or cashing payroll checksNon-Banking = Does not hold an active or open account at a bank. Normally referred to when one is cashing payroll checks at a check cashing location.


What state can you cash a retirement check without getting charged for it?

The state in which you have a bank account. Most banks don't charge account-holders for cashing checks. Other than that, I don't know of any state that has a (frankly, stupid) law saying that no one is allowed to charge a fee for cashing a check of any particular type.


Where can one find the bank account number on his or her checks?

The precise positioning of one's account number on one's checks will vary depending upon which country one is in and which bank issues the cheques. Usually the account number is along the bottom of the check.


Check Cashing- Use the Many Services Available to get Your Cash?

Checks are statements that are issued from either a bank, financial institution, employer or a personal check to pay a specified amount to the bearer of said check. Someone who gets the check will need to deposit or cash the check in able to get their money from it. In order to cash a check at a bank, most companies require that the one cashing the check have an actual account there. Sometimes, if the check comes from that particular bank, and the person receiving the check doesn’t have an account, the bank may still cash the check with ID. However, there are other ways to cash checks without having a bank account. Since cashing a check is one of the biggest financial transactions around, many other companies have capitalized on the process. Retail stores, such as big grocery store chains, are one place that may cash checks. They typically charge a fee for the privilege of cashing a check with their company, although typically this fee is between $3 and $6. However the bigger the check to cash, the higher the fee may be. You will still need photo ID to cash a check, but you can use these places to quickly and easily cash any type of check. For example, not only can you cash a check from your employer, you can cash tax refunds, personal checks, government checks and more. Other places that provide check cashing services are places such as payday loan companies, who many times do more than just issue loans. These companies do the same as above- they cash checks for a small fee. However you do not need an account, you simply need ID, and the fee is usually minimal. Many people opt to use a check- cashing company instead of having a bank account, as they pay less in fees than they would the monthly fee at the bank. Although it is a personal preference, check cashing companies can make life simpler, especially for someone who does not wish to have a bank account, or who may not be able to open one because of bad credit. Check cashing companies can be helpful for many people, so if you are in need of one, don’t hesitate to use one today!


How does one find information on cashing in saving bonds?

In order to find information on cashing in savings bonds, one can look up Treasury Direct. It is a government website that can assist you in transferring savings bonds into your bank account.


Does a business need a bank account to operate?

It would be in the best interests of the business to have one in any event, but if your business is going to accept checks, you will need a bank account to deposit those checks in to as checks made payable to businesses typically cannot be cashed.


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.


Can a successor trustee close a trust checking account when there are outstanding checks that havent been cashed?

No. No one can close a bank account when there are outstanding checks that must be paid to the bearer.


Can an employer make you cash your check at the bank one week and then at the store you work at the next?

Unless you have signed some strange agreement (which even then would seem shaky at best), an employer cannot force you to do anything with your check- including cashing it at all, or enforcing where you choose to cash it. However, if you do not deposit your checks into a checking or savings account, and instead cash them weekly, it may be beneficial to cash them at the bank which the check is drawn on- you will be able to find this information on the check itself- as it may result in less, or no, cashing fee (if you normally pay at a check-cashing service, or cash them at your own bank and it is not the same bank as the employer's).


Where can one get a check cashing system?

Check cashing systems take on two forms; the first is via an account and agreement with a local bank that processes the check for a fee. The other relies on private companies, such as ICAN, to provide the software and communication (and check verification) with the bank.


How do get a bank manager to hand over a chequebook and ATM card to a family member?

If you are in the US you don't write the manager. Go to the bank and add your father to your account. He will get checks and AMT at that point. If there isn't an account open one and he will get the checks and card.


How can I obtain a deposit stamp for checks?

You can obtain a deposit stamp for checks by ordering one from a printing company or your bank. It typically includes your account number and the words "For Deposit Only." You can use this stamp to endorse checks for deposit into your account.