Does Walmart Cash Third Party Checks In 2022? [Full Guide]

Costco Wholesale Corporation

Costco’s logo since 1997
Company headquarters in Issaquah, Washington (since 1994)
Type	Public
Traded as	Nasdaq : COST NASDAQ-100 Component S&P 100 Component S&P 500 Component
Industry	Retail
Predecessor	Price Club
Founded	July 12, 1976 ; 45 years ago ( 1976-07-12 ) (as Price Club) San Diego, California , U.S. September 15, 1983 ; 38 years ago ( 1983-09-15 ) (as Costco) Seattle, Washington , U.S.
Founders	James Sinegal Jeffrey Brotman Sol Price Robert Price
Headquarters	Issaquah, Washington , U.S.
Number of locations	804 [1] (2021)
Area served	Australia Canada China France Iceland Japan Mexico New Zealand South Korea Spain Taiwan United Kingdom United States
Key people	Hamilton E. James (Chairman) W. Craig Jelinek (President and CEO)
Brands	Kirkland Signature
Services	Merchandise Cash & Carry Warehouse club Filling stations
Revenue	US$166.76 billion [2] (2020)
Operating income	US$6.023 billion [2] (2020)
Net income	US$4.002 billion [2] (2020)
Total assets	US$45.40 billion [2] (2019)
Total equity	US$15.24 billion [2] (2019)
Members	105.5 million [3] (2020)
Number of employees	273,000 [3] (2020)
Website	www .costco .com

People sometimes need third party checks cashed. However, institutions often resist doing so.

Walmart is easily reachable and offers check-cashing service. So, you might be asking: Is Walmart able to cash third-party checks? Let me tell you what I discovered!

Does Walmart Cash Third Party Checks In 2022?

Walmart is not able to cash any third-party checks for 2022 due the greater risk of fraud associated with these checks. Instead, Walmart customers you can get a third-party check cashed through a bank or credit union. You will need to present valid ID and pay any fees.

You can read on to learn why Walmart won’t cash third party checks. What banks, stores, and other businesses offer such service. And what fees it costs.

Why Does Walmart Not Cash Third Party Checks?

A third party check differs from standard checks in that it is nominated by the first recipient and will be sent to the second recipient.

You do this by writing the name of your second recipient down and getting their signature.

These types of checks have a higher chance of being fraudulent once they change hands several times.

Check-cashing companies often accept such checks, only to discover later that they have not reached their intended recipients.

Walmart doesn’t accept third party checks in any of its stores. They only accept two-party cheques.

Are there any other places where Third-Party Checks can be cashed?

Check-cashing businesses, banks, credit unions and local banks can cash third-party checks. It is best to visit the bank on which the check was drawn.

We have listed all of the bank and credit locations that can be used to cashed a third-party cheque:

Bank of America

Citibank

Chase Bank

Navy Federal Credit Union

Chartway Federal Credit Union

HSBC

SunTrust Bank

BB&T

TD Bank

M&T Bank

First National Bank

S. Bank

Connexus Credit Union

Check cashing outlets that accept checks from third parties:

ACE Cash Express

Advance Financial

You can check ‘N go

Fast Cash

Check Cashing Store

How do you cash a check from a third party?

Due to the risk of fraud being a high concern, cashing shops and banks have stringent policies about the cashing out of checks from third parties.

You must also present both recipients in person to the bank/cashing store for the submission of the check.

This is a condition that the bank or cashing shop must meet in order to refuse cashing the third-party check.

To find out the policy regarding third-party checks being cashed at a bank or cashing shop, you can call the institution in advance.

How much do you have to pay for third party check cashing?

Cashing checks for third parties can be expensive. This is especially true if the bank that the check was drawn from does not charge an additional fee.

Bank fees can vary widely, so it is worth speaking with the bank directly to determine the exact fees.

To learn more, you can also read about what time Walmart stops cashing checks, if Walmart accepts international checks, and if Walmart accepts saving bonds.

Conclusion

Walmart does not cash third-party checks at any of its stores due to the inherent risk of fraud associated with third-party checks.

But, third-party checks may be cashed in banks and credit unions. The original payee must be present to cash the check. You also need to pay a fee and show a photo identification.

Are there any places where I can cash out an additional check from a third party?

You bank could accept the check as a deposit depending on how it handles third-party payments. Although some banks accept checks like this, most don’t allow customers to deposit money via ATM. Prepare a deposit slip instead and bring the check in to a bank teller.

Walmart checks the authenticity of check before it cashes.

Through TeleCheck, Walmart can accept, verify, and cash checks as fast as they can accept cash and credit card payments.13 May 2021

What is the best way to cash a third party check without the other person?

Here’s what you will need. Two forms of photographic identification are required. Without a personal bank account, the most crucial part of cashing third-party checks is to prove that you are the actual person named on the check. To do this, the bank or check cashing place will usually ask for at least two forms of picture identification.

Walmart pays Second Party Checks

Walmart can cash up to 200 Two-Party Cheques for $6.

.Does Walmart Cash Third Party Checks In 2022? [Full Guide]