How Much Does the Bank Charge to Cash a Check with Fees Explained

If you're wondering how much your bank will charge you to cash a check, the answer can vary greatly depending on the bank and its policies. Some banks may charge a flat fee, while others may charge a percentage of the check amount.

In some cases, the bank may also charge an overdraft fee if you don't have sufficient funds in your account. This fee can range from $20 to $35, depending on the bank.

Banks may also have different fees for non-account holders, which can range from $3 to $10. Additionally, some banks may offer free check cashing for their account holders, but this varies by bank and account type.

Cashing a check at a bank can be a straightforward process, but it's essential to know the fees involved, especially if you're not a customer. Bank of America charges $8 per check for amounts greater than $50.00, while Chase also charges $8.

Some banks offer free check cashing for small amounts, such as BB&T, which is free for checks under $50. Capital One and Citibank also offer free check cashing, but with certain conditions. For example, Citibank is free for checks under $5,000.

If you're looking for a bank with a more reasonable fee structure, consider BBVA Compass, which charges $10 per check. However, if you're looking for a bank with a lower fee, consider Fifth Third Bank, which charges 1% of the check amount, with a minimum of $4 and a maximum of $25.

It's also worth noting that some banks have different fees for personal and business checks. For example, HSBC Bank charges free for personal checks, but $3 for business checks under $100 and $5 for business checks of $100 or more.

Here's a list of some of the banks mentioned earlier and their check cashing fees:

Keep in mind that these fees are subject to change, so it's always a good idea to call ahead and confirm the fees before visiting the bank.

Banks that charge check cashing fees are a thing, and you should know what to expect. Here are some examples:

Not all banks charge the same fee, and it's not just about the amount. If you're not an account holder, you might face a fee.

Some banks charge a percentage of the check amount, like Regions Bank, which charges 1% of the check amount, with a minimum of $5 and a maximum of $20 for checks over $25. Others charge a flat fee, like Bank of America, which charges $8 for checks greater than $50. Truist also charges $8 for checks greater than $50.

Here's a quick rundown of some banks that charge check cashing fees:

You'll need to expect to pay a fee for check-cashing. This fee can be avoided if you cash the check at the issuing bank.

Going to the issuing bank first is a good idea, especially if you're not sure what the fees will be. You can call ahead to check on possible fees if the bank is not nearby.

If you don't want to travel to the issuing bank, look for a retailer that charges low fees to cash checks.

Cashing a check can be a straightforward process, but it's essential to understand the fees involved. The cost of cashing a check varies greatly depending on the bank and the type of check.

Some banks charge a flat fee, such as Bank of America, which charges $8 per check for amounts greater than $50.00. Others, like Capital One, don't charge a fee at all.

If you're a non-customer, be prepared to pay a fee, which can range from $3 to $10, depending on the bank. For example, Chase charges a flat $8 fee, while BB&T charges $8 for checks over $50. Fifth Third Bank charges 1% of the check amount, with a minimum of $4 and a maximum of $25.

Non-banks and stores also charge fees for cashing checks, which can be higher than those charged by banks. For instance, ACE Cash Express charges 2% to 6% of the check amount, depending on the type of check.

To give you a better idea, here's a list of some banks that charge check cashing fees:

It's also worth noting that some banks have raised their fees over the years, while others have made their policies more affordable for customers.