Can you cash a check at an atm

This delay may seem unnecessary, but it can actually help you. It helps prevent you from spending the money and then having to repay that money if the check turns out to be fraudulent or had to be returned. Then you can use your bank-issued debit card to access your account info, follow the prompts for a check deposit, and submit your check directly into the designated slot. Just like when visiting your branch though, you may still have to wait around two business days before having access to all the funds depending on the amount of the check.

For that reason, it can be beneficial to visit an ATM owned by your bank. Start by logging into the app, locating the deposit option, and choosing which account you want to deposit the check into. You may find it easier if you follow these tips. Then review your account activity to make sure the deposited check appears. Banks may have different time frames for processing mobile deposits — some can be completed as quickly as one business day.

Not Helpful 1 Helpful 2. Larger checks can take a few days to clear. You can ask your bank for its specific policy, or check the deposit slip for an estimated time. Not Helpful 2 Helpful Not Helpful 1 Helpful The only way to know is to deposit it and see if it successfully clears.

Not Helpful 7 Helpful You can turn the check into cash at a cash-checking service, or at the bank that issued the check. You'll have to pay a fee to do this, but you can start an account at that bank to avoid that. Alternatively, endorse the check to a relative and accompany him or her to the bank.

Not Helpful 14 Helpful Typically, you can only use an ATM to deposit a check made out to your name. Not Helpful 6 Helpful At minimum, keep the slip until you can check it against your monthly bank statement, to make sure everything is in order.

Keep larger deposit slips and business-related slips for a few years in case of a tax audit. In the United States, the IRS will only audit documents from the last three years, or seven years if it suspects serious fraud.

Not Helpful 5 Helpful 7. If I cash a check and the person who wrote it does not have the money in their account to cover the amount, how does this affect me? The check will either be returned as having insufficient funds and the amount will be withdrawn from the account in which you deposited it, or the issuing bank will cover the check and charge the person who wrote the check a fee.

To endorse a check to someone else, write on the back of the check: "Pay to the order of other person's name , your signature. Not Helpful 4 Helpful 7. Include your email address to get a message when this question is answered. Thus, it is probably beneficial for you to open a checking account in the long run, even if you don't plan on consistently using your account. Helpful 0 Not Helpful 0. Helpful 1 Not Helpful 0.

An "order" check is payable only to the person named on the check. You will need to present I. Be very careful when accepting ante- or post-dated checks, since these may be given to you for fraudulent purposes. Also be careful when cashing cashier's checks or bank checks checks drawn on bank funds rather than that of an account-holder.

If the check is a fake, you will be responsible for reimbursing your bank. Helpful 2 Not Helpful 0. Related wikiHows How to. How to. More References About This Article. Co-authored by:. Co-authors: Updated: March 21, Here are five options. Banks and credit unions are not required to cash checks for non-customers, but many banks will cash a check is written by an account holder at that bank, even if it is payable to a non-customer. Also, the payee i.

The payee also should expect to pay a fee. And there may be restrictions, such as limits on check amounts and refusal of two-party personal checks. Checks that are six months old or more might be declined. There are a number of big retail stores like Walmart, Kmart and grocery chains that offer check-cashing services. Joining the program is free. Grocery chains often provide check-cashing services. Prepaid cards are similar to checking account debit cards.

Your spending is limited by how much money you have loaded onto the card. Prepaid cards have different options for check cashing. Some prepaid cards let you set up direct deposit so that checks are automatically loaded onto the card.

Other cards come with an app that lets you snap a picture of your check to load it onto your card. Or, you might be able to deposit your check at an ATM to load the money onto the card. Fees are a big drawback of prepaid cards. Reload fees can be steep. Sometimes, prepaid card fees are scaled according to how quickly you want your money, and you can get dinged for expedited availability. Check-cashing outlets are probably the most expensive places to cash checks.

In addition to a membership fee, they might charge a first-time use fee. Fees to cash a check can range from 1 percent to 12 percent of the face value of the check. Therefore, you need a bank account to cash a check.

The issuing bank should be able to cash the check for you. Not sure who the issuing bank is? The issuing bank will be listed on the check. You may be charged a substantial fee for cashing a check without a bank account. You may also visit a cash checking store, like Money Tree.

Most grocery store services have the ability to cash checks as well. You may endorse a check to your close friend with a bank account. To endorse a check, sign your name on the back of the check. Sometimes the back of the check will have a place for you to sign.

Once endorsed, your friend can cash the check at their bank without a fee. You may cash a check as long as the issuer has sufficient funds.

However, if you owe money then the bank may withhold a portion or all of your check.