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Want to know if Walmart does cash Canadian checks? This article is for you. With Walmart stores available all over the country, you may be asking: does Walmart cash Canadian checks? Here’s everything you need to know!
Walmart’s check cashing service is a convenient option for those in need of quick cash, it is one of the best check cashing options available, especially for those who do not have a bank account or who may have difficulty opening a bank account. Walmart’s check cashing service is quick, easy, and available at most locations.
Walmart will cash Canadian checks, however, there are some limitations to consider. For instance, Walmart will only cash Canadian checks if they are drawn on a U.S. bank in U.S. currency. There is a fee for check cashing services, so be sure to factor that into your budget. This fee can vary depending on the amount of the check being cashed.
Does Walmart cash Canadian checks?
Walmart does cash Canadian checks. However, the only way that Walmart will cash a Canadian check is if the check is drawn on an American bank (with branches in Canada) and is in U.S. currency. Examples of American banks with branches in Canada include Chase, Bank of America, TD Bank, Wells Fargo, and Citigroup.
This policy is likely in place for a few reasons. First, American banks are subject to different regulations than Canadian banks. As a result, it may be more difficult for Walmart to verify the authenticity of a Canadian check. Second, by only accepting checks in U.S. currency, Walmart can avoid having to exchange the money for Canadian currency. This is likely to save the company time and money.
How to cash Canadian checks at Walmart
The process for cashing a Canadian check at Walmart is easy and straightforward. However, it is important to remember that customers will need to have all of the required documentation with them in order to successfully cash their check.
To cash a Canadian check at Walmart, customers need to provide some form of identity verification such as a government-issued photo ID (like a passport), state ID, or driver’s license. In addition, Walmart will only accept Canadian checks that have been issued by a bank that has branches in America and Canada, including Wells Fargo, TD Bank, HSBC, and Chase Bank.
However, there are certain criteria you must meet, such as:
- The check cannot be over $5,000.
- The check must not be handwritten.
- To cash the check, you’ll need to have a state-issued photo ID.
If you need to cash a Canadian check and meet the above requirements, walk into your nearest Walmart MoneyCenter, a Walmart representative will then verify your check using the automated approval service provided by Certegy or Telecheck. If everything goes fine and Walmart accepts the check, the MoneyCenter representative will deduct the check cashing fee from the check balance and give you the funds.
You can choose to receive your check payment in cash or you can load the funds onto a Walmart MoneyCard. The funds will then be loaded onto a Walmart MoneyCard, which you can use as a debit card to shop anywhere Visa is accepted, or to withdraw cash at any ATM.
Walmart limitations on cashing Canadian checks
Walmart does have some check cashing limitations you need to know about, such as:
- Maximum limit of $5,000 per single check from May to December. However, this limit is temporarily increased to $7,500 during the tax period from January to April.
- The maximum number of checks you can cash per day is three and not more than $5000 in total.
Does Walmart charge a fee to cash Canadian checks?
Yes, Walmart does charge some fees when cashing both domestic and Canadian checks.
Walmart check cashing fees start at $4 for checks up to $1,000, while checks between $1,001 and $5,000 will set you back $8 in fees. A two-party personal check is capped at $200 with a fee of $6.
In addition, customers can choose to load their check funds onto a Walmart MoneyCard, which you can use as a debit card to shop anywhere Visa is accepted, or to withdraw cash at any ATM. Adding funds onto a Walmart MoneyCard will cost you $3 in fees.
Does Walmart cash checks on Sunday (weekends)?
Yes, you can cash checks at Walmart on Sundays. The Walmart Money Center working hours are Monday to Saturday (8 AM to 8 PM) and Sunday (10 AM to 6 PM).
Banks in the U.S. that cash Canadian checks
You can cash or deposit Canadian checks at most U.S. banks; however, Cashing a foreign check in the United States can be a bit tricky, as not all banks and check-cashing services will accept them.
Cashing a Canadian check at a US bank will cost you high fees and long holding times. Your best bet for a simpler process is to use an American bank with branches in Canada such as Bank of America, Chase, HSBC Bank USA, TD Bank, and Wells Fargo.
One option is to go to your local bank and ask if they will deposit the check for you and then later withdraw the amount in U.S. currency.
First, you will need to endorse the check by signing the back of it. Then, take the check to your local U.S. bank and ask to deposit it into your account. The teller will likely need to see your identification, so be sure to bring your driver’s license or passport.
The process may take a few weeks or up to a month for the funds to become available. Once they are available, you can withdraw the money in U.S. currency from an ATM or by visiting your bank.
There are a few things to keep in mind when trying to cash Canadian checks at a U.S. bank:
First, it’s important to make sure that the check is properly endorsed. Second, it’s important to know what kind of identification the bank will require in order to cash the check. Often, a passport or other form of government-issued ID will be necessary.
Third, it’s a good idea to call the bank ahead of time to inquire about any fees that may be associated with cashing the check. These fees can vary depending on the bank, so it’s important to be aware of them before heading to the bank.
Fourth, it’s important to be aware of the exchange rate when cashing an international check. The amount of money that you receive may be different than the amount that was originally written on the check, so it’s important to be aware of this.
Finally, it is important to remember that it may take a few extra days for an international check to clear. The waiting time for international checks to be processed is usually longer than domestic checks.
If you regularly receive international checks, it may be worth opening a bank account in the country where the checks are issued. Or, you can have the payer of the check wire the funds to your U.S. bank account.
Places in the U.S. that don’t cash Canadian checks
Most stores don’t have the capacity to cash Canadian or international checks including, gas stations, grocery stores, check cashing stores, and pharmacies.
Bottom line: Does Walmart cash Canadian checks?
Yes, Walmart does cash Canadian checks, but it has to be written in U.S currency to a U.S bank such as Chase or Bank of America. You’ll also need to have a state-issued photo ID. You can receive your check instantly in cash or deposit it onto a Walmart MoneyCard, which can be used anywhere Visa is accepted.
Walmart remains a popular choice for those in need of check cashing services. The convenience and ease of use also make Walmart a convenient option for those who may not have access to traditional banking services.