What everyone knows is that Walmart is one of the leading retail companies in the US where people can get groceries. However, Walmart has in-store money centers throughout the country for cashing checks. This article will provide everything related to cashing out two-party checks at Walmart. Sit back and get every piece of information needed on the go. Let’s learn about ‘Does Walmart Cash Two Party Checks?’.
Does Walmart Cash Two Party Checks?
Yes, Walmart provides two-party check cashing services. Every Walmart store with money centers across the United States cashes out two-party checks to people. Below are the basic procedures for cashing two-party checks at Walmart, plus other alternative places to cash two-party checks. Read on!
The Meaning Of Two-party Checks
Many people have heard of the word “two-party checks”, but don’t know what it means. Others think they do but may have the wrong idea. So first thing first, two-party checks are money written for two people on a single piece of paper.
Two-party checks are categorized into two namely the two-party personal checks and two-party non-personal checks. The check writer pens down the names of the eligible people for the check on the “Pay to”.
“Pay to” is where the check writer combines the name of the two people involved with either of the following two conjunctions. The “And” or “Or” conjunction.
This conjunction determines how the people involved can cash out the check. A two-party check with the conjunction “And” means that the two people mentioned in the check must be present to cash out. While the other conjunction “Or” means only one person involved in the check needs to be present.
Basic Procedures For Cashing Out Two-Party Checks At Walmart
First off, Walmart accepts two-party checks with the conjunction “And” & “Or”. Interested people don’t need to have an account registered with Walmart. Or possess a Walmart credit card before they can get their two-party check cashed out.
They have to visit any available Walmart money centers around. Walmart only requires that anyone wanting to cash a two-party check must come alongside their government-issued identification card.
Government-issued identification cards acceptable at Walmart includes;
- U. S passport.
- Driver’s license.
- State-issued IDs.
- Military IDs.
- Tribal IDs.
Other things to note before one can cash two-party checks in Walmart are as follows;
Cashing Limit
As of 2022, Walmart only allows customers to cash out a two-party personal check, not more than $200. The cashing limit for two-party non-personal checks is $5,000. This only applies from May – December, every year.
However, this limit increases from $5,000 to $7,500 per check in January throughout to April every year. Each person can carry out just three different check transactions daily.
Charges
Unfortunately, cashing out a two-party check isn’t free. The good news is that this fee is relatively small. Walmart charges a fee of $6 for two-party personal checks.
They charge $4 for two-party non-personal checks from $1,000 downwards. Two-party non-personal checks from $1,000 upwards attract a fee of $8.
Mode of Payment
People can either get their check as cash or put it in the Walmart moneyCard. Anyone opting to put their check in the Walmart moneyCard will often pay a reload subscription fee of $3.
They’ll need to pay the $3 every time they top through check cashing. The Walmart moneyCard cost $1 to purchase in any Walmart checkout lane.
Where Can One Cash Out Two-Party Checks?
Although Walmart money centers are available throughout the United States, there are places where it’s prohibited. Below is the list of places that prohibit the cashing out of two-party personal checks;
- Wisconsin.
- Tennessee.
- West Virginia.
- Rhode Island.
- New York.
- Ohio.
- New Jersey.
- Mississippi.
- New Mexico.
- Maryland.
- Minnesota.
- Illinois.
- Hawaii.
- Delaware.
- Connecticut.
- Florida.
- Indiana.
Other Alternative Places To Cash Out Two-Party Checks
Since not every state in the United States with Walmart money centers allows people to cash out two-party checks. Here’s the list of other better places to try out;
- The Payee’s bank or Credit Union.
- Kroger.
- Safeway.
- Publix.
- Moneytree.
- K-Mart.
- HEB.
- Fred Meyer.
- Albertsons.
- Check into Cash.
- Giant Eagle.
- Speedy Cash.
- Money Mart.
- The bank or the Credit Union of the check writer.
Conclusion
This article is a must-read for anyone looking for detailed information on what cashing out two-party cash on Walmart means. Plus, other alternatives to Walmart if they couldn’t cash out on Walmart.
Frequently Asked Questions
#1. Is it possible to cash out a fake two-party check at Walmart?
No, it’s impossible to cash out a fake two-party check at Walmart. This is because checks are easy to trace and they’re a very secure form of payment.
#2. What time does Walmart’s money center open?
On Sundays, Walmart money centers open from 10 am – 6 pm and open from 8 am – 8 pm on Mondays to Saturdays. Above all, one’s location and holiday season affect the time they open.
#3. Does Walmart accept all kinds of checks?
No. Walmart doesn’t accept handwritten checks, post-dated checks, non-MoneyGram money orders, multiple payee’s checks, and MoneyGram money orders not granted in Walmart.
