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Normally, a check goes directly from the writer (let’s call them Person A) to the intended recipient (Person B). But sometimes, Person B needs someone else (Person C) to receive the money. That’s where a third-party check comes in.
Here’s how it works: Person B signs on the back of the check, below a phrase like “Pay to the Order of Person C.” This endorsement essentially creates a new check payable to Person C. Since there’s an extra step involved, third-party checks can be trickier to cash.
Many banks and check-cashing stores are cautious because of the increased risk of fraud. They might require extra steps, like a form from Person B confirming your permission to cash the check. Some places simply won’t accept third-party checks at all.
Even though some grocery stores and gas stations advertise check cashing, they often don’t handle third-party checks. So, where can you cash one? That’s what we’ll explore next…
What is a third-party check?
A third-party check is a regular check that’s been endorsed, which means the original payee signs the back to allow another person, the third party, to cash it or deposit it into their own account.
So, instead of the payee receiving the money directly, they’re basically saying “this check is actually for someone else now.” By properly endorsing the check, the third party has the legal right to access those funds.
So where can I cash a third-party check?
Banks are a good option, especially if you have an existing account with them. Many major banks like Citibank, Bank of America, and US Bank will cash third-party checks, though there might be a fee for non-account holders. Credit unions can also be helpful, with some like Navy Federal Credit Union, offering this service.
Check cashing stores like ACE Cash Express, Advance Financial, and Speedy Cash are another avenue. They’re usually convenient, but they typically charge a fee for cashing checks, especially third-party ones.
No matter where you go, always be prepared to show a valid ID when cashing any check. Sometimes, especially with larger third-party checks, the bank or check cashing store might request both the original payee (the person the check was written to) and you, the third party, to be present for verification.
This covers the basics, but there’s more to know! Keep reading for additional tips to ensure a smooth third-party check cashing experience.
Banks that cash third-party checks
There are always questions about which banks will handle these checks. The truth is, it can vary depending on the bank branch itself. Here’s why: Banks often set their policies on third-party checks, so what one branch allows, another might not. To avoid wasted trips, my golden rule is to always call ahead and confirm with your local branch if they accept third-party checks.
Of course, if you have an account at a bank, that’s usually your best bet for getting a free cashing service. They’re more likely to cash checks for their customers, especially third-party ones.
No matter which bank you choose, be prepared to show a valid ID, usually a government-issued photo ID. Some banks might even ask for additional forms of identification. In rarer cases, they might request both you (the third-party) and the original payee to be present when cashing the check. It’s always best to be prepared for these scenarios.
Here’s a list of banks that may cash third-party checks.
1. Citibank
Citibank can be a good option for cashing certain third-party checks, but there are some things to remember.
First, forget about cashing non-Citibank third-party checks if you’re not a customer. Citibank only allows its account holders to cash third-party checks, and even then, only up to their available checking account balance. Any amount exceeding that balance might be deposited instead of cashed out.
The good news for Citibank account holders is that cashing third-party checks is generally free. The bank may, however, require the original payee to be present to verify or guarantee their endorsement on the check. This is just a security measure to ensure everything is above board.
Non-account holders can still cash third-party checks drawn on Citibank accounts, but there’s a limit. The maximum amount they can cash is $5,000, and a fee will likely apply.
Remember, these policies can vary by branch, so it’s always best to call your local Citibank beforehand to confirm if they accept third-party checks and their specific requirements.
2. US Bank
Regarding US Bank and third-party checks, US Bank customers have it a little easier. They can cash or deposit third-party checks directly at any branch, making it a convenient option. However, for non-customers, things are a bit more restrictive. US Bank will only cash third-party checks drawn on their bank (meaning the check must be written from a US Bank account).
The downside for non-customers is a $7 fee for cashing a third-party check. While US Bank does cash other check types like personal checks, they might have different policies, so it’s always best to call ahead and confirm.
Remember, even for US Bank customers, branch policies can vary slightly. A quick call to your local branch can save you a trip if you’re unsure about their specific third-party check cashing procedures.
3. Bank of America
Unlike some other banks, Bank of America‘s policy on third-party checks is a bit more unpredictable. They handle these on a case-by-case basis, meaning each branch manager has the final say on whether they’ll cash your check. This can be frustrating, but it’s always best to call your local branch beforehand to avoid a wasted trip.
There’s a silver lining for Bank of America account holders: cashing third-party checks is generally free. However, non-customers will be charged a fee. This fee can vary depending on the check amount but expect to pay around $8 for checks exceeding $50.
Another important thing to remember is that you (the third party) and the original payee must be at the bank to deposit a third-party check. This is a security measure to ensure everything is valid.
4. Chase
Cashing a third-party check at Chase can be an option, but there are some limitations to consider. Here’s the deal:
There’s no mention of restrictions on cashing third-party checks for Chase account holders. However, it’s always a good practice to call your local branch to confirm their policy.
Non-customers face a bigger hurdle. Chase will only cash third-party checks drawn on their bank, meaning the check has to be written from a Chase account. On top of that, there’s an $8 fee for non-customers cashing checks exceeding $50.
Since Chase’s policy can vary by branch, calling ahead is your best bet to avoid surprises. They might be able to offer more details on their specific requirements and any potential fees for your situation.
5. HSBC
Cashing a third-party check at HSBC can be a smooth process, but their policy differs slightly for account holders and non-customers.
If you have an HSBC account, you’re in luck! There are no fees for cashing third-party personal checks, making HSBC a good option for account holders needing this service.
For non-customers, things are a bit more specific. HSBC will only cash third-party checks, either business or personal checks drawn on an HSBC account. The good news is that cashing personal checks is completely free, even for non-customers. However, there are fees for cashing business checks. These fees depend on the check amount: expect a fee for checks up to $100 and a $5 fee for larger business checks.
Since branch policies can vary, it is recommended that you call your local HSBC beforehand. They can confirm their current third-party check cashing policy and any applicable fees.
6. Truist (Formerly SunTrust Bank and BB&T)
Truist, formed by the merger of SunTrust Bank and BB&T, is another option for cashing third-party checks. However, there are some things to remember before you head to the branch.
Truist allows you to cash third-party checks, but like many other banks, they have specific requirements. The biggest hurdle for non-account holders is the fee. If you don’t have an account with Truist, expect to pay a fee for cashing any third-party check that exceeds $50.
7. M&T Bank
Cashing a third-party check at M&T Bank is an option, but there are some specific requirements, especially for non-customers. Here’s the breakdown:
M&T Bank will cash third-party checks, but non-customers can only cash checks drawn on M&T Bank accounts. This means the check has to be written by someone with an M&T Bank account.
There’s also a fee for non-customers to consider. This fee is 2% of the total check amount, with a minimum of $3 and a maximum of $20. So, the fee might be more significant for smaller checks than the check amount.
Another important thing to remember is that both the original payee (the person the check was written to) and you, the third party, must be at the bank for in-person verification. This is a security measure to ensure everything is legitimate.
If you’re an M&T Bank account holder, it’s always best to call your local branch to confirm their policy on third-party check cashing and any potential fees.
8. TD Bank
Things can be a bit unpredictable regarding TD Bank and third-party checks. Unlike some other banks with clear policies, TD Bank handles these on a case-by-case basis. This means each branch manager has the final say on whether they’ll cash your check.
To avoid a wasted trip, my best advice is to call your local TD Bank branch beforehand and inquire about their policy on cashing third-party checks. They can tell you definitively if they’ll accept yours and if there are any specific requirements.
One thing to remember is that non-customers will likely be charged a fee of $7 per check. So, factor that into your decision when considering TD Bank for cashing your third-party check.
9. First National Bank of Omaha
Here’s the scoop on cashing third-party checks at First National Bank of Omaha. Like some other banks we’ve discussed, their policy isn’t always straightforward. They handle these on a case-by-case basis, meaning the branch manager has the final say on approving your check.
To avoid a wasted trip, I recommend calling your local First National Bank of Omaha branch beforehand. Explain the situation and ask if they can cash your specific third-party check. They’ll be able to give you a definitive answer and let you know of any requirements they might have.
One thing to consider is that non-customers will likely be charged a fee of $5 per check. So, factor that in when deciding if First National Bank is the right option for cashing your third-party check.
Credit unions that cash third-party checks
Credit unions can be an option for cashing third-party checks. They often offer a more personalized approach compared to larger banks. However, similar to banks, there are some things to remember.
Just like banks, most credit unions require valid IDs when cashing any check, third-party or otherwise. In some cases, especially for larger checks, they might request both the original payee (the person the check was written to) and you, the third party, to be present for verification. This helps ensure everything is on the up and up.
10. Navy Federal Credit Union
Here’s the deal with Navy Federal Credit Union and third-party checks. They are a good option, especially for members, because they cash these checks for free! However, there are a few things to keep in mind:
Things are pretty simple if you’re a Navy Federal Credit Union member. You can cash a third-party check, but you’ll need to sign it in the presence of a teller. This is just a security measure to ensure everything is valid.
For non-members, Navy Federal Credit Union has some limitations. They will only cash third-party checks drawn on their accounts (meaning the check must be written from a Navy Federal Credit Union member). The good news is there’s no fee, but there is a requirement: you (the third party) and the original payee must be at the credit union for verification.
So, whether you’re a member or not, Navy Federal Credit Union can be an option, but call ahead to confirm their policy and any requirements they might have for your specific situation.
11. Connexus Credit Union
Connexus Credit Union can be a convenient option for members looking to cash third-party checks. However, it’s important to note that this service is exclusive to members – non-members won’t be able to cash checks here.
For members, there’s a simple security step involved: You’ll need to endorse the third-party check in the presence of a Connexus Credit Union teller. This helps ensure everything is above board.
The good news is that Connexus Credit Union doesn’t charge any fees for members to cash third-party checks. So, if you’re a member and need to cash a third-party check, Connexus Credit Union can be a quick and cost-effective solution. Remember to bring your ID and be prepared to endorse the check in person.
12. Chartway Federal Credit Union
Chartway Federal Credit Union offers third-party check cashing services but with key differences for members and non-members. Here’s a breakdown:
As a Chartway Federal Credit Union member, you have more flexibility. You can cash or deposit any third-party check, regardless of the issuing bank. This makes it a convenient option if you frequently handle third-party checks. There are also no fees involved, which is a plus.
Things are a bit more restrictive for non-members. Chartway Federal Credit Union will only cash third-party checks drawn on their accounts. In other words, the check has to be written by a Chartway Federal Credit Union member. The good news is that non-members still have no fees to cash these specific third-party checks.
No matter your membership status, it’s always a good idea to call your local Chartway Federal Credit Union branch beforehand. They can confirm their current policy on third-party check cashing and answer any questions you might have.
Check cashing stores that cash third-party checks
Let’s discuss check-cashing stores as an option for third-party checks. They can be a lifesaver, especially if you need to cash a check after regular bank hours. Many check-cashing stores have extended operating hours compared to banks.
However, there’s a catch: convenience comes at a cost. Check cashing stores typically charge fees for cashing checks, which can vary depending on the store and the type of check. My golden rule? Call ahead and ask about their specific fees for cashing third-party checks. This way, you’ll know exactly what you’re getting into before you head over.
It’s also worth noting that many check-cashing stores offer other financial services beyond check-cashing. While some of these services might be tempting, be cautious – especially with payday loans. These loans often come with very high interest rates, so it’s usually best to avoid them if possible.
So, check cashing stores can be an option for third-party checks, but be prepared for fees and research beforehand.
13. ACE Cash Express
ACE Cash Express and third-party checks are case-by-case scenarios. They do cash these checks, but there are a few things to consider before you head over.
First, be prepared for fees. ACE Cash Express charges for check cashing, and with third-party checks, those fees typically start around 2% of the check amount. However, this is just an estimate, and the exact fee can vary depending on the location and the type of check itself. So, calling your local ACE Cash Express beforehand is always a good idea to get an accurate quote.
Another thing to remember is that requirements for cashing a third-party check can differ slightly between ACE Cash Express locations. In some cases, both you (the third party) and the original payee might be required to be present to verify the endorsements on the check. This is just a security measure to ensure everything is legitimate.
14. Advance Financial
Advance Financial can be an option for cashing third-party checks, especially if you’re in Tennessee where they have over 100 locations. One of their biggest advantages is convenience: some stores operate 24 hours, so you can cash your check outside regular banking hours. Be sure to call your local Advance Financial to confirm their specific hours.
They accept various check types, including insurance and personal checks. However, their fees can vary depending on the check type. For most checks, including third-party checks, expect fees to range from 1% to 5% of the check amount. But beware, personal checks come with a steeper fee of 10%.
There’s also an important security step involved: you’ll need to endorse the third-party check in person at the Advance Financial store. In some cases, both you and the original payee might be required to be present to verify your signatures on the check. This is just standard procedure to ensure everything is valid.
So, while Advance Financial can be a convenient option, especially for late-night cashing needs, remember their fees and endorsement requirements before you head over.
15. Check ‘n Go
Check ‘n Go is another option for cashing third-party checks, but there are a few things to know before you go. They accept these checks, but be prepared for fees. These fees typically start around 2% of the check amount, but remember, this is just an estimate. The exact fee can vary depending on your check type and the amount it’s for. To get an accurate quote, it’s always best to call your local Check ‘n Go beforehand.
Here’s an important detail to remember: unlike some other places, Check ‘n Go requires both you (the third party) and the original payee to be present for in-person verification when cashing a third-party check. This is a security measure to ensure everything is up and up.
16. The Check Cashing Store
The Check Cashing Store can be an option, but there are a few things to consider before you head over.
First, not all Check Cashing Store locations accept third-party checks. It’s important to call your local store specifically to confirm their policy. They might only cash certain types of third-party checks or not offer the service at all.
Another thing to keep in mind is that their fees can vary significantly. The exact cost depends on your location, the amount of the check, and even the type of check itself. There’s no one-size-fits-all answer, so calling your local store beforehand is crucial to clearly understand their fees for cashing your specific third-party check.
17. Speedy Cash
Speedy Cash is an option for cashing third-party checks, with over 160 locations across the US. Convenience is a plus, as some stores operate 24 hours a day. Speedy Cash claims to cash various check types, including cashier’s, insurance, and even personal checks.
However, there are a couple of things to consider before heading to Speedy Cash. First, their fees start at $2, but this might not be the full picture. It’s always best to call your local store for an accurate quote for cashing your specific third-party check.
Another important step in their process is verification. Speedy Cash will likely need to verify the original payee (the person the check is written to) and the issuing bank by phone. This is just a security measure to ensure everything is legitimate.
How to cash a third party check: A step-by-step guide
Third-party checks can be a convenient way to access funds, but the process can sometimes seem daunting. Fear not! Cashing a third-party check can be straightforward if you know the steps involved. Here’s a guide to help you navigate the process smoothly:
Endorsement
Before you can cash a third-party check, there’s an important step: the endorsement. This is how the original payee, the person the check was written to, signs over the right to receive the funds to you.
Here’s what the original payee needs to do:
- Sign the back of the check: Find the blank space on the back, usually near the bottom. This is where the payee will need to sign their name.
- Write out the endorsement: Directly above their signature, the payee should write “Pay to the order of” followed by your full legal name.
For example, if the check is written to “John Smith” and they’re endorsing it to you, Jane Doe, it would look like this:
Pay to the order of Jane Doe
John Smith (Signature)
By following these steps, the original payee properly transfers the right to access the funds to you. This endorsement is essential for any institution to cash the third-party check.
Identification
To prove your identity, you must show a valid government-issued photo ID, like a driver’s license or passport. This helps ensure the smooth flow of funds and keeps things secure for everyone involved. Remember, a little preparation can make cashing your third-party check a breeze.
Choose the right location
Prioritize your bank or credit union; they’re already familiar with your financial history, making the process smoother.
Another option is the bank that issued the check itself. They have the guaranteed funds to cover it, but they might charge a fee, especially if you’re not an account holder.
Cashing a third-party check can sometimes require the original payee to present an ID to verify the endorsement. This is more common at check-cashing stores, which are another option but often come with hefty fees.
Check with the issuing bank
Knowing where to cash third-party checks is key. While your local bank is always a good first try, sometimes heading straight to the source can be a winning move. That’s where the issuing bank comes in, the bank the check was drawn on.
The issuing bank has a big advantage: they can instantly see if the account has enough money to cover the check. This means a faster and potentially smoother cashing experience for you.
However, there’s a catch – they might charge a fee for their verification service, especially if you’re not a customer. So, weigh the pros and cons: faster cashing with a possible fee, or sticking with your bank and waiting a bit longer.
Fees
There’s no one-size-fits-all answer about fees. Every bank or financial institution has its policies and fees for cashing third-party checks.
The best way to avoid surprises? Pick up the phone and give them a call! Ask about their specific requirements for cashing third-party checks. More importantly, inquire about their fees. This will help you make an informed decision about where to cash your check and avoid unnecessary charges. Trust me, a phone call can save you time and money in the long run.
Online options
In third-party checks, folks often ask if they can just zap them into cash online. Now, listen up, because online options can be a bit tricky. Most banking apps and online platforms play it safe and don’t accept third-party checks. It boils down to security – they want to make sure everything is on the up and up.
That being said, there is a glimmer of hope! Some banks, especially the one that issued the check itself, might offer online check cashing services. It’s always worth checking their website or calling them to see if it’s an option.
While online cashing isn’t always available for third-party checks, remember there are many reliable ways to turn that check into real money.
Deposit at an ATM
Third-party checks can be a great way to get cash, but there are a few things to keep in mind when depositing them at an ATM. Listen up, because ATMs can be a gamble for these types of checks.
While some ATMs might allow you to deposit a third-party check, the funds might not be available right away. Banks need time to verify the check with the issuing bank, which can take a few business days. The catch? If the check bounces, you could be on the hook for a returned check fee. It’s not exactly what you want in your wallet.
Where can I cash a third-party check without an account?
Do you need to turn that third-party check into cash but lack a bank account? Don’t fret; there are options!
First stop: check-cashing stores. These guys specialize in, well, cashing checks, including third-party ones. But be warned, convenience often comes with a cost – their fees can be hefty. So, ask about their charges before you hand over the check.
Retailers like Walmart, Kroger, and HEB might also be options. Some offer check-cashing services but with limits and fees. Always check their policy beforehand to avoid surprises.
The issuing bank that wrote the check could also cash it, even if you’re not a customer. But remember, they’re not obligated to do so and might charge a fee. Calling ahead is a good idea to confirm their policy and any ID requirements.
Prepaid debit cards can be another route. You can deposit the check onto the card using their mobile app or an ATM if you have one. Just be mindful of potential monthly fees, transaction fees, and ATM charges that often come with prepaid cards.
Last but not least, if all else fails, consider signing the check over to a trusted friend or family member with a bank account. They can then deposit it and withdraw the cash for you. Just make sure their bank accepts third-party checks and inquire about any fees.
No matter which option you choose, remember to bring a valid ID to access those funds. Cashing a third-party check without an account can involve a few extra steps, but with some planning, you can still turn that check into cold, hard cash.
Does PayPal cash third-party checks?
Ever wondered if PayPal can handle that third-party check burning a hole in your pocket? The answer is a qualified yes, but let me explain it.
PayPal itself doesn’t directly cash checks. Instead, they partnered with Ingo Money, a trusted third-party service, to do the job. Here’s the lowdown:
First, you need to use the PayPal or Venmo app. Snap a clear picture of your check and send it to Ingo Money for their expert eyes. They’ll then check your ID and the check itself to ensure everything’s legit.
If the check gets the green light, Ingo Money sends it to a bank for processing and, more importantly, funding. This bank acts like a middleman, collecting the funds on the check and holding onto them until they clear. Once everything checks out, the bank sends the money to your PayPal account minus any fees Ingo Money charges.
Sounds easy, right? Just remember, some steps are always involved, so using PayPal for third-party checks might not be the fastest option. But hey, if convenience is your game and you’re comfortable with the app, it can be a solid choice.
Does Venmo cash third-party checks?
You might wonder if that third-party check can turn into sweet, sweet digital cash. The answer is yes, but with a few things to remember.
Venmo has a “Cash a Check” feature, but it’s not available to everyone. Only certain Venmo users in the US can use it. No worries, though; it works for most common checks—printed ones, payroll checks, and even government checks.
Here’s how it goes: Open the Venmo app, find the “Manage Balance” section, and tap “Cash a Check.” Then, follow the prompts: enter the check amount, snap clear pictures of both sides with the app’s camera, and choose if you want the money in 10 days (free) or minutes (fees apply). After Venmo confirms the deposit, write “VOID” on the check and keep it safe for your records.
Venmo will review the check for approval, usually within seconds, but sometimes it can take a bit longer. Once approved, the funds zip into your Venmo account – in minutes for those who choose the faster option (with a fee).
Now, the catch: fees. Venmo might charge depending on the check type. Payroll and government checks with pre-printed signatures have a lower fee, while hand-signed ones have a higher fee. There’s also a minimum fee to consider.
So, Venmo can be a handy option for cashing third-party checks, especially if you need the money fast. Just remember, it’s not for everyone, and there might be fees involved.
How do I cash an endorsed check?
Let’s discuss cashing those endorsed checks! It’s easy, but there are a few things to remember.
First, find the endorsement line on the back of the check. That’s where you sign your name exactly as it appears on the front. Don’t get fancy with it—just a clear signature is all you need.
Next, head to a bank or financial institution. Ideally, it should be the bank where you have an account. Cashing a check is usually smoother if you’re already a customer. However, some banks might offer cash checks to non-account holders, too.
Be prepared to show some ID—a driver’s license, passport, or anything the bank requires to verify you’re the rightful recipient. Then, simply hand over the endorsed check and follow the bank’s instructions for cashing it.
If everything checks out, the bank will give you the cash amount of the check. Or, if you prefer, you can have them deposit the funds straight into your account. Easy peasy!
How to cash third-party check at Walmart
Got a third-party check burning a hole in your pocket and wondering if Walmart can help?
Here’s what you need to know:
- ID check: You must show a valid government-issued photo ID, like a driver’s license or passport. There are no surprises there.
- Verification station: Walmart will examine the check and your ID to ensure everything lines up before handing over the cash.
- Fees and limits: Walmart charges a fee for cashing third-party checks, and the amount varies by store. It’s always best to call ahead and ask about the specific fee. Also, keep in mind that they’ll only cash $5,000 per check, though it jumps to $7,500 between January and April.
- Cashing the check: Head to your local Walmart and find the Money Services or customer service desk. Show them the third-party check and your ID. If everything checks out, they’ll cash the check and you’ll walk out with the money.
Walmart’s policies can vary by location, so it’s always a good idea to call your local store before you head out to confirm their specific requirements and fees.
The bottom line
That’s the rundown on cashing third-party checks! You’ve got options, so let’s break them down to help you choose the best route.
Banks, credit unions, and even check-cashing stores can handle third-party checks. If avoiding fees is your top priority, your bank is usually the best bet, especially if you’re an existing customer. Banks often cash checks for free for their account holders.
Check-cashing stores can be a good option if convenience is king. They typically have longer hours than banks, so they’re a lifesaver if you can’t make it during banking hours. Check-cashing stores charge for their services, so consider that if you’re fee-averse.
No matter where you go, a quick call ahead is always a smart move. Banks and credit union policies vary by location, so confirm their stance on cashing third-party checks before you head out. A little planning can save you time, money, and a whole lot of hassle!