How do you get access money when somebody writes you a check? You need to know how to cash a check or deposit it. It’s important to avoid risk and fees when you cash a check, so let’s go over your options.
Before You Cash a Check
First, make sure the check is legitimate. If you try to cash a check that is not 'real', you can get into trouble and lose money. Some common scams involve paying you with a fake check, and then asking you to do something before the check is processed. When in doubt, call the bank that issued a check before you try to cash it.
- Read more about Cashier’s Check Scams
Deposit or Cash a Check?
You might not need to cash a check. You can always deposit the money without taking cash. The bank will add the funds to your account and you can use the money later. Only cash a check if you plan to spend the cash soon. The money is safer in the bank, and you won't be tempted to spend more than you need to.
- Learn your options: How and Where to Deposit Checks
Where to Cash a Check
You can generally cash a check at your bank or the bank the check is drawn on (that’s the bank listed on the face of the check - where the money will come from). Your bank probably won’t charge a fee, but you may have to pay if you go to the bank the money is coming from. You’ll have to endorse the check and show valid identification to cash the check.
- Get tips on How to Choose a Bank