coronavirus

Coronavirus US: Where can I cash my stimulus check?

Around 70 million Americans should have received their stimulus check either directly deposited into their bank accounts or a check sent by post.

Coronavirus US: Where can I cash my stimulus check?

Around 70 million Americans, tax payers who are able to claim, should have received their stimulus checks either directly deposited into their bank accounts or a check sent by post. Most of those who have received their payment as part of the government’s stimulus package, will have had the money deposited directly into their bank account. The first to have been paid by direct deposit will be those who filed tax declarations for 2018 and 2019 and whose personal information, address and bank details, are already held by the Internal Revenue Service.

However, if you have recently changed banks, closed your account or for some reason, your bank account is no longer active, any direct deposit transcation cannot be made and instead, the check will be sent on to the recipient by post to the address which the IRS have in their files.

The main reason why some applicants have not received their stimulus payment yet is because it is being sent by the US Postal Service - some outlets have reported that postal payments will not be sent out until Friday 24 April at the earliest. 

How and where can I cash my stimulus check?

Once your paper check arrives, the most simple way to cash it is to take it to the branch office of your local bank. If you are a client of the bank, you will be able to cash your check with no additional fees or charges. However, if you do not have a current bank account or try to cash your check at another bank, not your own, you will be charged a fee - usually around seven dollars for non-account holders.

If you do not have a current bank account, it might be a good idea to open one - this can be done online but you will need to provide your Social Security number, a valid address and valid identification (drivers license, state-issued ID, up-to-date US passport). Alternatively, you can open account in person at your local branch.

Rather than cash the check and receive the money all in one go, account holders might want to deposit the payment into their own bank account and leave it there, withdrawing small amounts of it when needed. 



More info | Find out here who is entitled to what

More info | When will I receive my check?

 


Stores which will cash checks

Other places that offer in-store check cashing services include Walmart. You will need to present valid ID and pay the service charge fee which is usually around three dollars. Other outlets where you can cash your check include King SoopersFred Meyer and H-E-B. Your local grocery stores or supermarkets may also provide a check cashing service.