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Cashing a check when you don’t have a bank account is a conundrum that many people face, especially considering that 14.1 million Americans were without a bank account in 2018. Check cashing is not impossible in this case, provided you’re aware of all the available options. The more options you have at your disposal, the more effectively you can manage your money and avoid fees and other hangups.

How to Cash a Check Without a Bank Account

1. Retail Stores

Numerous retailers, both national chains and smaller local stores, can cash checks for customers. Be prepared to pay a fee in this case; many stores employ a sliding-scale fee system depending on the amount of the check you’re cashing. Most retailers only cash payroll checks, not personal checks.

2. Prepaid Debit Cards

check cashingWhile prepaid debit cards don’t provide access to cash, you can use your debit card at most retailers. These cards almost always have a fee, but they offer the convenience of having paychecks or government benefits loaded directly onto the card. If you must have cash, this option will not work for you.

3. Banks

If you have a check issued by a specific bank, you may be able to visit a branch of that bank to have the check cashed. In this case, you will be subject to a fee, which is usually higher than those charged by retail establishments. It may also be possible to have a check cashed by a credit union, even if it did not issue the check initially. However, most financial institutions will urge you to sign up for an account when you’re having a check cashed.

 

There is another check cashing option at your disposal—one that combines low fees with convenience. Advance U Cash of Florence, KY, will cash your check and even offer a cash advance in case you have an unexpected expense before payday rolls around. Visit them online for more information or to get started on your short-term loan application. Call (859) 746-2274 to speak with a loan representative directly.

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