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Wondering if Walmart does cash Social Security checks? This article is for you.
Social Security benefits are an important part of the retirement income for many Americans. The benefit checks are partial replacement income that can help to cover basic living expenses, such as housing, food, and transportation.
If you do have a Social Security check, you may be asking: does Walmart cash Social Security checks?
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. Here’s everything you need to know about Walmart cashing Social Security checks!
Does Walmart cash Social Security checks?
Yes, Walmart does cash Social Security Checks through its MoneyCenter. You’ll need to provide your social security number and government-issued photo ID. Walmart charges fees ranging from $4 to $8, depending on the check amount.
How to cash a Social Security check at Walmart
Find a local Walmart store near you and head over to the Money Center. When you get to the Money Center, tell the associate that you’d like to cash a Social Security check. The associate will ask for your ID and then ask you to endorse the check if you’ve not done so already. This means that you’ll need to sign your name on the back of the check.
Once you’ve endorsed the check, the associate will verify the Social Security check and cash it for you. You’ll receive the cash in exchange for the check.
Keep in mind that there is usually a fee to cash a Social Security check 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 Social Security number and a valid government-issued photo ID such as your driver’s license or passport for verification to cash the 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 Social Security 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.
Does Walmart charge a fee to cash Social Security checks?
Walmart charges $4 to $8, depending on the Social Security check amount. The 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.
Walmart is a great option when you need to cash your Social Security check and access your money quickly. It’s also more affordable compared to other options that can charge up to $10 per check.
Are there check cashing limitations at Walmart?
Yes, 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.
Furthermore, check-cashing is capped at 3 per day for checks less than $5,000.
Can you cash the Social Security checks of a deceased parent?
No, you can’t cash the Social Security checks of a deceased parent or any family member. If you need to report a death of a relative on Social Security benefits, contact your local Social Security office. Usually, a one-time death payment of $255 can be paid to the surviving spouse or eligible child of the deceased, but only if they were living together or if they were living apart but receiving certain Social Security checks on the deceased’s record.
Does Walmart verify a Social Security check before cashing it?
Yes, Walmart will need to verify your identity before cashing your Social Security 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.
How does Walmart verify Social Security checks?
Walmart requires customers who wish to cash their Social Security check to present a Government-issued photo ID for verification. This requirement is in place to help ensure that the customer is who they say they are, and to help prevent fraud. By requiring an ID, Walmart is able to verify the identity of the check’s owner and ensure that the Social Security check is not stolen or counterfeit.
This requirement may be inconvenient for some customers, but it is an important security measure that helps protect both Walmart and its customers from check fraud. In addition to requiring an ID, Walmart also uses other security measures (through Certegy or Telecheck) and compares the signature on the check to the signature on the ID. Once the check is verified, you will get your funds. If your check gets denied by the Certegy/TeleCheck scan, Walmart will not accept the check.
Can Walmart refuse to cash my Social Security check?
There are a few reasons why Walmart may refuse to cash your Social Security check, including suspicious fraud, questionable signatures, or because the check exceeds the maximum amount for acceptable checks. Another reason why Walmart may decline cashing your check is if the check is suspected to have been altered or if your identity could not be verified.
Bottom line: Does Walmart cash Social Security checks?
Yes, Walmart cashes Social Security checks. They are one of the most popular places to cash Social Security checks, this is because they have a lot of locations. There are a few things that you need to know in order to do this though. First, you need to have a government-issued photo ID. Second, you need to have your Social Security number. Also, be aware of the limits and fees which range from $4 to $8 for checks up to $5000.