As an experienced ecommerce seller, I often need to cash business checks from online sales outside of standard bank hours. So I‘m frequently asked – what time does Walmart stop cashing checks?
The short answer is most Walmarts stop cashing checks around 8pm on weekdays and 6pm on weekends. But read on for a deep dive into everything you need to know about Walmart‘s check cashing services from a financial expert‘s perspective.
An Overview of Walmart MoneyCenters
Walmart operates over 5,000 stores with in-store MoneyCenters that provide check cashing and other financial services. These MoneyCenters cash millions of checks each year, providing convenient extended hours for customers.
MoneyCenters are typically open Monday-Saturday 8am-8pm and Sundays 10am-6pm. However, hours can vary by location. I recommend using the Walmart store locator and selecting a specific store to confirm its MoneyCenter hours.
Why Choose Walmart for Check Cashing?
As a seller, I often have to cash checks outside of bank hours, so Walmart provides a valuable alternative with later evening and weekend services. For the many Americans who are underbanked, Walmart may be one of the only accessible options for cashing checks.
That said, cashing checks at Walmart does come with some risks that banks avoid. There is potential for longer lines, less privacy, and less recourse if a cashed check bounces compared to banking with a teller. But for convenience and affordability, Walmart remains a top choice.
Step-By-Step: Cashing Checks at Walmart MoneyCenters
Here is an overview of what to expect when cashing checks at Walmart, from my experience:
- Have your government ID ready – this is required to cash any check.
- Get in the check cashing line – this may be long during peak times.
- When called, hand your check and ID to the cashier.
- The cashier will review the check and input it into their system.
- After approving the check, they‘ll hand you your cash payment.
- You‘ll pay a small check cashing fee based on the check amount.
- The cashier will return your ID and stamped check for your records.
- You can request a receipt documenting the transaction.
The entire process usually takes 5-15 minutes depending on how busy the MoneyCenter is.
Fees and Limits for Cashing Checks at Walmart
One big benefit of cashing checks at Walmart is the low, transparent fees:
|Check Amount||Max Fee Charged|
|Under $1000||$3 or less|
|$1000 – $5000||$6 or less|
|Tax Refund Checks (Jan-April)||Up to $7500|
Cashing checks up to $5000 is allowed normally, or $7500 for tax refunds during tax season.
This compares very favorably to other check cashing options:
|Location||Max Check Amount||Average Fee|
|Banks||$5000+||1-5% of check|
|Check Cashing Stores||$1000-$5000||12% fee|
|Grocery Stores||$1000-$2500||Up to $3-10 flat fee|
Expert Tips for Cashing Checks at Walmart
As an experienced Walmart check casher, I recommend:
- Go at off-peak times like weekday mornings to avoid long lines.
- Confirm your ID is valid and not expired.
- Have a backup payment method in case a check bounces.
- Establish a relationship with staff for faster service.
- Double count your cash before leaving the counter.
The Future of Walmart Check Cashing
Looking ahead, I expect Walmart to expand check cashing and financial services to meet growing demand from underbanked consumers. We may see features like:
- Extended weekend and 24/7 check cashing kiosks
- Higher check maximums to compete with check cashing stores
- Integrated bill pay, money transfers, prepaid card services
- Enhanced mobile apps and online check cashing
No matter what changes come, Walmart is sure to adapt while keeping fees affordable and providing convenience for customers.
The Bottom Line
As an ecommerce seller and financial expert, I highly recommend Walmart MoneyCenters for convenient and low-cost check cashing. Most locations stop cashing checks each evening around 8pm on weekdays and 6pm on weekends.
I hope this comprehensive overview equips you to utilize Walmart‘s services to save time and money cashing checks! Let me know if you have any other Walmart or finance related questions.