Do you prefer to do all your shopping in one place? With Walmart Money Centers, they allow you to shop and manage your personal affairs in a convenient way!
What should you know about Walmart Money Centers?
Walmart will cash preprinted personal checks up to a value of $ 5,000. They have a $ 4 fee that applies when cashing checks under $ 1,000 and a $ 8 fee for checks ranging from $ 1,001 to $ 5,000..
These fees are simply deducted from the amount you wish to cash out, which simplifies the transaction for you.
Money centers can vary by location, so it’s best to call ahead to make sure your check can be cashed there. It should also be mentioned that these services are not offered in the cities of New York or New Jersey.
Personal checks from two parties are also accepted. However, they have a limit of just $ 200.
What are the steps to cash my check?
Bring the physical check issued to you, along with a valid government issued ID or passport.
Then choose how you would like to receive your funds. You can choose to receive them in cash, otherwise Walmart provides a MoneyCard for an additional $ 1 that your money can be loaded onto. The reloading fees are waived if you reload the card by cashing checks.
So, if you regularly use their services, you will only pay the $ 1 fee on your first transaction.
What other types of checks can be cashed?
Walmart also offers collection of:
Retirement disbursement checks
Tax refund checks
Some Walmart locations will increase their maximum check amount during tax season to accommodate their customers.
401 (k) or pension checks
Personal checks for two
Up to $ 200
What exceptions should I be informed of?
While Walmart Money Centers are very accommodating, they have restrictions on what can be cashed out. Walmart cannot accept personal checks denominated in cash, expired, post-dated checks, or checks older than 180 days.
They also won’t accept starter checks, savings bond checks, handwritten checks, or checks that appear to have been tampered with.