As a convenience to its customers, Walmart offers a checking cashing service. Through this service, you can cash printed checks and money orders without being required to spend any money at the store. This makes it very convenient for people on busy schedules who may not have convenient access to an appropriate bank. A common question asked by check cashing customers is can I cash a check that’s not in my name.
How It Works
The check you want to cash must be a printed check, such as a payroll check, a cashier check or a check from the IRS. There’s a fee involved: $3 for checks up to $1,000 and $6 for larger checks up to $5,000. Note that while most Walmart stores support check cashing, not all do, so be sure to check with your local store. Once your check is approved, you can receive cash or a Walmart MoneyCard, which can cost an additional $3 unless you request one online, in which case that fee is waived.
Certegy Check Cashing Services
Cashing checks can be risky business, so Walmart uses a third party: Certegy. Certegy has various rules and guidelines in place to determine whether or not Walmart should cash a check. What this means for you is that any challenges you face at one Walmart will probably still be present at another.
A Risk Model to Assess Bad Checks
Certegy uses a priority risk model. In a nutshell, many of the factors related to your check are compared against the bad checks that Certegy clients have received. The goal here is to determine how much your check compares to those previous bad checks. Credit score isn’t a factor, but the exact factors are closely guarded so as not to be exploited, and your own personal check writing history is accounted for.
Can You Cash a Check Not in Your Name?
Yes, in theory at least. Neither Certegy nor Walmart expressly have a rule forbidding secondhand checks. However, there’s the cashier element as well as the rules of your local Walmart to consider. A Walmart that’s had problems with such checks may not take them. It helps greatly if there’s a relationship between the person cashing the check and the person on the check. A spouse will have a much easier time cashing a check than someone that’s not related at all.
Limiting Your Red Flags
Cashing a secondhand check will almost certainly be a red flag in and of itself. Your goal here should be to present as few red flags as possible so as not to trigger a rejection in the risk model. At the very least, have proper ID for yourself and the person whose name is on the check.