Does Walmart cash two-party checks?
Walmart is known to offer a wide range of services, from paying bills to cashing checks, through its in-store wealth management centers across the United States.
However, one service you might be wondering is whether Walmart can cash two-party checks? I did a lot of research and this is what I found!
Does Walmart cash two-party checks?
Walmart cashes two-party checks at all of its stores that use money centers. All you need to bring is a two-sided check, a secondary payee (if necessary), and a government-issued photo ID (such as a passport).Additionally, Walmart has a $200 limit on two-party checks, with a maximum fee of $6
Read on to learn more about cashing two-party checks at Walmart!
How to cash a two-party check at Walmart
Find your local Walmart store and go to the customer service desk or in-store banking department. Make sure the signature on the two-party check matches the payee.
Walmart can use the name connection to determine how to cash the check. If the names are separated by “or”, only one of the payees needs to be present to deposit the check into a personal bank account.
When names are joined by “and”, both parties need to be present.
Additionally, the essential payee will need to bring a valid photo ID such as a passport or driver’s license to authorize the check.
Once you provide all this information, tellers at Walmart Money Centers will be able to process your two-party checks.
How does Walmart disburse funds?
Payees can choose whether to receive funds from a two-way cashier’s check or allow Walmart associates to load the balance onto a Walmart MoneyCard.
If you choose a currency card, you will be charged a $3 reload fee each time you top up by cashing a check. MoneyCards are just $1 at any Walmart checkout lane.
Does Walmart charge to cash two-party checks?
Yes, Walmart will cash your two-party checks for a fee of up to $6; each check can be cashed for $200.
Walmart is one of the most affordable places to cash a two-party check, with many other retailers and grocery stores charging up to $10.
Does Walmart have a check cashing limit?
Yes, Walmart only allows customers to cash checks up to $5,000 between May and December. Between January and April each year, the limit increases to $7,500. Check cashing fees start at $4 for any check valued at $1,001; increase to $8 for every $5,000 or more.
You can pay a fee of up to $6 to cash two-party checks worth $200 or less. Two-party check cashing is available in most jurisdictions except New Jersey, according to Walmart. Walmart limits check cashing to 3 transactions per person per day.
For more on what Walmart Money Centers offer, also see our guide on whether Walmart can cash out-of-state, handwritten and Comdata checks.
in conclusion
Yes, Walmart cashes two-way checks up to $200 with a maximum fee of $6. You and the second payee (if necessary) will need to bring government-issued photo ID. Make sure to state and separate names and signatures with “and/or” so employees know how to proceed.
