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Wondering if Walmart does cash payroll checks? This article is for you.
Walmart stores are located all across the country and the ease and convenience of cashing checks at Walmart makes it a popular choice for millions of Americans.
If you do have a payroll check, you may be asking: does Walmart cash payroll checks? Here’s everything you need to know!
Does Walmart cash payroll checks?
Yes, Walmart does cash payroll checks through its MoneyCenter. You’ll need to provide a government-issued photo ID for verification. Walmart charges fees ranging from $4 to $8, depending on the check amount.
How to cash a payroll check at Walmart
Locate a Walmart store near you and head over to the Money Center. When you get to the Money Center, tell the Walmart associate that you have a payroll check you’d like to cash. The associate will ask for your ID. Ensure that the check has all the company details such as the name, address, and contact phone numbers clearly printed in the top left corner. In addition, make sure the check is signed by all the relevant signatures.
Once authorized, the associate will verify and cash the check for you. You’ll receive the cash in exchange for the check.
Keep in mind that there is usually a fee to cash payroll checks at Walmart. The fee is typically $4 for checks up to $1,000, while checks between $1,001 and $5,000 will cost $8 in fees. This means that if you’re cashing a $100.00 check, you’ll only receive $96.00 in cash.
Additionally, you’ll need to provide your valid government-issued photo ID such as your driver’s license or passport for verification to cash the check.
How much does Walmart charge to cash a payroll check?
Walmart charges $4 to $8, depending on the payroll check amount. The cashing fees start at $4 for checks up to $1,000, while checks between $1,001 and $5,000 cost $8 in fees.
Walmart is a great option for customers to cash checks. It’s also more affordable compared to other options that can charge up to $10 per check.
How are funds paid by Walmart?
There are mainly two ways Walmart makes check payments depending on the choice of the payee. You can choose to receive your payroll check in cash or you can load the money from your check fund onto a Walmart MoneyCard. The MoneyCard functions like a debit card, allowing you to use your funds to shop anywhere Visa is accepted, or to withdraw cash at any ATM.
Walmart will charge a $3 reload fee for the MoneyCard.
How does Walmart verify payroll checks?
Walmart will need to verify your identity before cashing your payroll check. When you go to Walmart to cash a check, the cashier will ask to see your ID. They will then compare the information on the check to the information on your ID. If everything matches, they will ask you to sign the back of the check. They will then run the check through a verification scanning process (through Telecheck or Certegy). Once the check is verified, they will give you the cash.
What is the check cashing limit for payroll checks at Walmart?
Walmart has check-cashing limits that change depending on the period of the year.
The limit is $5,000 per single check from May to December. However, this limit is temporarily increased to $7,500 from January to April due to customers presenting bigger checks for tax refunds. In addition, check-cashing is capped at 3 per day for checks less than $5,000.
Does Walmart cash handwritten payroll checks?
No, Walmart does not accept handwritten payroll checks. However, they will process most payroll checks that are signed by hand. The main reason for this is that Walmart is trying to prevent fraud. By requiring a signature on payroll checks, Walmart is able to verify that the check is valid and that the person who is signing it is the rightful owner of the account. This helps to prevent cases of identity theft and fraud.
The paying company name, address, contact phone number, check value, date of issue, and the payee’s name must all be printed. Furthermore, the check amounts must be clearly stated numerically and alphabetically.
While Walmart is doing its best to protect customers and itself, there are still some risks associated with using handwritten payroll checks. For one, it is possible for someone to forge a signature on a payroll check. This could lead to the check being cashed by someone who is not the rightful owner of the account. Additionally, if a payroll check is lost or stolen, the person who finds it could potentially forge the signature and cash the check.
Does Walmart cash out of state payroll checks?
Yes, Walmart will gladly cash out-of-state payroll checks through its MoneyCenter. You’ll need to provide a government-issued photo ID for verification. Walmart charges fees ranging from $4 to $8, depending on the check amount.
Walmart generally treats out-of-state checks the same as in-state checks. However, it can sometimes take up to 10 business days for an out-of-state payroll check to clear — depending on the state and Walmart location.
Bottom line: Does Walmart cash payroll checks?
Yes, Walmart cashes payroll checks. Walmart is one of the most popular places to cash payroll checks due to its many locations across the country. There are a few things that you need to know in order to successfully cash a payroll check. First, you need to have a government-issued photo ID. Second, you need to be aware of the limits and fees which range from $4 to $8 for checks up to $5000. However, this limit will temporarily increase to $7,500 from January to April. Finally, you must be stated as the payee to cash the payroll check.