We may earn a commission for purchases through links on our site, Learn more.
Walmart offers two-party check cashing services across all its stores, with a maximum fee of $6 depending on the check amount. The maximum amount of a two-party check you can cash at Walmart is $200.
Walmart is mostly known to be an American retail shopping giant. Still, it’s also a viable alternative banking destination offering in-store and online financial provision (through its Money Centers) for those in need of certain essential money services.
If you need to cash a two-party check and don’t have a bank account, Walmart is a great option. They will cash two-party checks up to $200 and you only need a valid ID. This is a convenient option if you need to access your money right away.
Does Walmart cash two-party checks?
Yes, Walmart does cash two-party checks at all their stores with Money Centers.
Two-party checks are checks that are made out to two people. For example, if you and your roommate are splitting the rent, your landlord might write one check for both of you. In this case, the check would be a two-party check.
To cash a two-party check at Walmart, you’ll need to bring the check to the Money Center. The Money Center is usually located near the customer service desk.
How to cash a two-party 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 two-party check. The associate will ask for your ID and will then ask you to endorse the check. 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 check and cash it for you. You’ll receive the cash in exchange for the check.
When cashing a two-party check at Walmart, the payee names are important to note. If the check is written to two people using the word ‘and’, then both people must be present to cash the check. If the check is written using the word ‘or’, then either person can cash the check without the other person being present.
This is important to know because if you are cashing a check with someone else, you need to be aware of how the check is written. If it is written with the word ‘and’, then both people must be present. However, if the check is written with the word ‘or’, then only one person is needed to cash the check.
Knowing this information is important because it can save you time and hassle if you are trying to cash a check with someone else. If you are not sure how the check is written, you can always ask the Walmart cashier or the person who wrote the check.
Keep in mind that there is usually a fee to cash a two-party check at Walmart. The fee is typically around $6.00. This means that if you’re cashing a $100.00 check, you’ll only receive $94.00 in cash.
Additionally, you’ll need to bring a valid government-issued photo ID such as your driver’s license or passport for verification to cash the check.
Does Walmart charge a fee to cash a two-party check?
Walmart does charge a maximum fee of $6 for a two-party check, and you can cash up to $200 per check.
Walmart is a great option when you need to cash a check and access your money quickly. It’s also a more affordable option for cashing a two-party check compared to other stores that can charge up to $10 per check.
How are check 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 two-party check funds in cash or you can load the money from your cashed check 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.
Are there check cashing limits at Walmart?
Walmart has check-cashing limits that change depending on the period of the year. Furthermore, check-cashing is capped at 3 per day for checks less than $5,000.
Walmart check cashing fees start at $4 for checks up to $1,000, while checks between $1,001 and $5,000 cost $8 in fees.
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 each year due to customers presenting bigger checks for tax refunds.
The limit for a two-party check is capped at $200 with a maximum fee of $6.
Bottom line: Does Walmart cash two-party checks?
Yes, Walmart will cash two-party checks for customers. The process is simple and straightforward, and customers can receive their cash quickly and without any hassle. Customers will need to present a valid photo ID and successfully get verified. Ensure names and signatures of either you or the second payee are stated and separated by either “and/or” so the Walmart associate knows how to process the check.
Once all of the requirements are met, the customer can receive their funds either in cash or deposited onto the Walmart MoneyCard. Also keep in mind that Walmart’s MoneyCenter open hours can vary depending on your location but they are usually open between 8:00 am and 8:00 pm, Monday through Saturday, or between 10:00 am and 6:00 pm on Sundays.
Excluding New Jersey, Walmart two-party check cashing is available in most jurisdictions.
Overall, cashing a check at Walmart is a quick and easy process. Just be sure to bring some form of identification and be aware of the fees.