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Who will cash my paycheck??

Date: Wed, 01/02/2008 - 22:42
Submitted by cturner on Wed, 01/02/2008 - 22:42
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I know this is kinda off-topic. But I figured since payday loans is the reason I no longer have a bank account to cash my checks, i would go ahead and ask. Anyways, i'm waiting on a HUGE paycheck (60 hours of OT)and i'm worried I will have trouble cashing it. Our home office is located in NJ and i'm in Ohio, so it's an out of state check. I've been using Walmart to cash my checks but not this time. Walmart only allows you to cash $1,500.00 worth of checks in a 14 day period. This check will be for more then that alone. Meijers wont cash out of state checks. Krogers, Biggs, and IGA (grocery stores) said it will be too large for them to cash. I hate the idea of paying a check cashing place 3-5%. Any ideas???


I know in the state of Illinois they have "currency exchanges" that specifically cash checks for a fee. And there are one or two places like that around here in Indiana. Check your yellow pages. A long time ago I had an issue like that...I signed the check over to my sister...she deposited it in her account...when it cleared she withdrew the money and gave it to me.


Submitted by Morningstarr430 on Thu, 01/03/2008 - 03:58

Morningstarr430

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Thanks for the ideas although none of them worked. Our work does not deal in petty cash. Everything is expensed and then paid once a month via direct deposit. HR had no suggestions and does not have any local bank accounts. The closest local branch my company uses is in New York, i live in Ohio. I tried to open a bank account and cash the check, but they all said it would take at least 5 days before my money is available. Well, thanks anyways.


Submitted by cturner on Thu, 01/03/2008 - 15:20

cturner

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You know what...even if you open an account and have to wait five days before it's available, that's better than paying a fee to a check cashing place. Do you really need the whole amount of the check before five days? Sometimes, if the bank you open an account at is familiar with the company you work for, they may decide to not hold it. It's up to the branch manager if they are willing to remove the hold. Or you can request that they take a copy of the check and call to see if it's cleared after about 2 days. The first $100 of a deposit is always made available at the time of the deposit, anyway. Just a thought. Anything to keep those check cashing places from taking money!


Submitted by swedishgirl on Fri, 01/04/2008 - 09:52

swedishgirl

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I CAN open a bank account as far as I know, but they are all saying there will be a 5 day hold on my funds. I certainly can't wait 5 days for my money. I have bills that MUST be paid ASAP. Plus i'm totaly broke right now and need gas, food, and well you get the point. Check should arrive tomorrow (i hope) or Monday (more likely).


Submitted by cturner on Fri, 01/04/2008 - 16:39

cturner

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The chain of stores owned by SuperValu (Shaw's & Albertson's among others) will cash one payroll check up to $1,500 per week for a $1 fee. Sounds like your check was for more than that. You should have tried a savings account at credit union. At one point years ago I was denied at a check cashing store :-)
Things aren't that bad for you I hope.

The CO-OP credit union reloadable cards are coming out soon. You'll be able to make deposits in branch, and have free atm access nationwide with no overdrafts and there will be absolutely no criteria for opening the account except identification.


Submitted by jtel on Mon, 01/07/2008 - 21:25

jtel

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