Where to Cash a Third-Party Check

Need to cash a check made out to someone else? Cashing a **third-party check** can be tricky, but it’s definitely possible. We’ll walk you through various options, from banks to check-cashing services, so you can find the most convenient and affordable solution for your situation.

Several types of institutions may cash a third-party check, each with its own requirements and fees. Let’s explore your options:

Banks

Many traditional banks offer check-cashing services, but their policies on third-party checks can vary. Generally, being a customer of the bank makes the process smoother and cheaper.

Major Banks and Their Policies:

Citibank: May cash third-party checks, with specific requirements. Non-customers can typically only cash checks drawn on Citibank accounts. Account holders can cash checks up to their available balance.
U.S. Bank: U.S. Bank customers can usually cash third-party checks. Non-customers can cash checks drawn on U.S. Bank accounts for a fee.
Bank of America: Policies vary by location. Approval is often at the manager’s discretion. Both parties may need to be present. There’s typically a fee for non-customers cashing checks over a certain amount. Find a local branch near you.
Chase: Non-customers can usually only cash third-party checks drawn on Chase accounts, and there’s a fee involved for checks over a specific dollar amount. Find a local branch near you.
HSBC: Non-account holders may cash business checks and personal checks drawn on HSBC. Fees may apply for business checks above a certain amount. Find a local branch near you.
Truist: You can cash third-party checks at Truist (formerly SunTrust and BB&T), but fees typically apply for non-account holders cashing checks over a certain amount. Find a local branch near you.
M&T Bank: Usually cashes third-party checks. Non-customers are limited to checks drawn on M&T Bank accounts. Both parties must be present. Fees apply to non-customers, typically a percentage of the check amount, with minimums and maximums. Find a local branch near you.
TD Bank: Third-party check cashing is handled on a case-by-case basis. Contact your local branch. There is usually a fee for non-customers. Find a local branch near you.
First National Bank of Omaha: Third-party check cashing is handled on a case-by-case basis. Contact your local branch. There is usually a fee for non-customers. Find a local branch near you.

Important Note: Always call your local branch beforehand to confirm their specific policies and any associated fees. Requirements can vary, and it’s best to be prepared.

Credit Unions

Credit unions often provide more personalized service and potentially lower fees than traditional banks. However, membership is usually required.

Examples of Credit Union Policies:

Navy Federal Credit Union: Members must sign third-party checks in the presence of a teller. Non-members can typically only cash checks drawn on NFCU if both parties are present. Check cashing is usually free for both.
Connexus Credit Union: Only members can cash checks. The third party must endorse the check in front of bank personnel. Check cashing is free.
Chartway Federal Credit Union: Members can cash or deposit any third-party check. Non-members are limited to checks drawn on Chartway. Check cashing is free.

As with banks, contacting your local credit union branch to inquire about their specific policies and requirements is crucial.

Check Cashing Stores

For those who need immediate access to their funds and don’t have a bank account, check cashing stores can be a convenient option. These businesses typically operate with extended hours, making them accessible outside of traditional banking hours.

Be aware: Check cashing stores generally charge higher fees than banks or credit unions.

Popular Check Cashing Chains:

ACE Cash Express: Fees vary by location and check type, but typically start around a percentage of the check amount. Requirements for cashing third-party checks can vary by store.
Advance Financial: Primarily located in Tennessee, with some locations open 24 hours. Fees range depending on the type of check. Personal checks typically have a higher fee. Endorsement must be done in person, and original signatures may need verification.
Check ‘n Go: Fees usually start around a percentage of the check amount and vary based on the type and amount of the check. Both parties must be present for verification.
The Check Cashing Store: Third-party check cashing availability depends on the location. Fees vary by location, check amount, and check type.
Speedy Cash: Offers check cashing services, with some locations open 24 hours. Claims to cash all types of checks, with fees starting at a low dollar amount. They will need to verify the original payee and issuing bank by phone.

It’s best to call ahead to get an estimate of the fees you’ll be charged and to confirm the store’s policies regarding third-party checks.

Key Considerations Before Cashing

Before heading to any of these locations, keep these factors in mind:

Identification: You’ll almost always need a valid photo ID, such as a driver’s license or passport.
Fees: Compare fees between different options to find the most cost-effective solution.
Endorsement: Ensure the check is properly endorsed by the original payee. This usually involves signing the back of the check.
Verification: Be prepared for potential verification procedures, such as phone calls to the issuing bank or requiring both the original payee and the third party to be present.

Choosing the Right Option

The best place to cash a third-party check depends on your individual needs and circumstances:

For the lowest fees: If you’re a customer, your bank or credit union is usually the best option.
For convenience: Check cashing stores offer extended hours and may be more accessible if you don’t have a bank account.
For speed: Check cashing stores often provide immediate access to your funds.

Navigating the world of third-party checks can be a little complex, but with the right information, you can find a solution that works for you. Be sure to call ahead and confirm the specific policies and fees of any institution before you go.

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Where to Cash a Third-Party Check