Third-Party Checks & Places Where You Can Cash Them

If you ever wondered what Third-Party Checks are, and places where you can cash them, we are going to give you comprehensive details and information on everything you need to know about it. Let’s dive in!

What is a Third-Party Check?

Third-party checks are regular checks with one extra advance. Most checks include two gatherings which means a check is made payable to one individual or business from someone else or business.

With a third-party check, the first payee gives up the check to a third individual, enabling the third party to money the check.

Third-party checks convey an expanded danger of extortion, which is the reason numerous spots are hesitant to money or even store it.

On the off chance that somebody loses a check they’ve just embraced, for instance, it would be simple for an unintended third party to locate the lost check and underwrite themselves as the other payee.

The bank would then be obligated for any lost assets. Hence, you ought to anticipate that a couple of additional loops should hop through in case you want to money a third-party check.

Instructions to Endorse a Third-Party Check

On the back of the check, typically the individual to look at is made to (the payee) would sign the primary line so as to money the check.

Be that as it may, with a third-party check, the payee must state “Pay to the request for X,” where X is the third party — the individual or business the check is being given up to.

The payee at that point signs the second line on the back of the check. At last, the third party signs his or her name on the third line.

It’s critical to take note of that in case you’re going to money a third-party check, you shouldn’t embrace it until you’re before the clerk or teller. Most places that money third-party checks will need to observe your mark. Some may likewise need the first payee present for the procedure.

Places That Cash Third-Party Checks

1. Banks and Credit Unions

When all is said and done, the most solid approach to money for a third-party check is to carry it to a bank or credit union.

Your own bank or credit union might almost certainly support you, however, the points of interest of its arrangement may change from area to area. At times, the two gatherings may be available so as to money the check.

In different cases, regardless of whether you can money or store it, the check will be up to the watchfulness of the branch supervisor.

Aside from your very own bank, you may likewise have the option to money a third-party check at the issuing bank or credit union where the check was drawn.

Most banks will charge an expense for getting the money for a check in the event that you are not a record holder there.

You ought to consistently make the store face to face (rather than through an ATM or versatile store) and bring a substantial, official picture ID.

Each bank and credit union has various approaches set up. It might be ideal to call your nearby office and get some information about how it handles getting the money and saving a third-party check before you make the excursion

Bank of America

Conditions for third-party checks: Cashing and depositing third-party checks are handled on a limited basis. Confirmation is at the discretion of the Financial Center Manager at each Bank of America location. Both parties need to be present to deposit a third-party check. Contact your local branch for information on its policy.
charges for non-customers: $8 for checks over $50
Source: Client service
Find the nearest Bank of America

BB&T Bank

Conditions for third-party checks: Non-client might only cash third-party checks drawn on BB&T.
Charges for non-clients: Free for checks up to $50; $8 for checks over $50
Source: Customer service
Find the nearest BB&T

Chase

Conditions for third-party checks: Non-client may only cash third-party checks drawn on Chase. Authorization must be properly placed; checks that are not correctly endorsed may bring costs, losses, or expenses.
Fees for non-clients: $8 for checks over $50
Source: Customer service
Find the nearest Chase

Chartway Federal Credit Union

Circumstances for third-party checks: Members can cash or deposit any third-party check. Non-members can only cash checks drawn on Chartway, plus third-party checks.
Fees for non-clients: Free
Source: Chartway New Account Information and Customer Service
Find the nearest Chartway

Citibank

Conditions for third-party checks: Non-customers may only cash checks drawn on Citibank. Citibank clients can only cash checks up to the available checking account balance; the remaining may be deposited. Original endorsement needs verification and also a guarantee.
Fees for non-customers: Free for Citibank-issued checks up to $5,000.
Source: Citibank Simple Checking page and client services
Find the closest Citibank

Connexus Credit Union

Conditions needed for third-party checks: The third party (payee) must endorse the check in the presence of bank personnel.
charges for non-customers: Check cashing is only available for Connexus customers and members.
Source: Connexus Account Information
Find the closest Connexus

First National Bank

Conditions needed for third-party checks: Cashing third-party checks is handled on a limited ground for non-account holders. Independent verification may be needed for every endorsement.
Fees for non-customers: $5 per check
Sources: First National Bank Deposit Agreement
Find the closest First National Bank

HSBC

Conditions for third-party checks: Non-customers can only cash personal and business checks drawn on HSBC. Endorsements must precisely correspond with the names on the check. You may be charged a fee for items returned for any reason, including improper endorsement.
Charges for non-customers: Free for personal checks. Business check fees: $3 for checks up to $100; $5 for checks over $100
Source: Customer service
Find the closest HSBC

M&T Bank

Conditions for third-party checks: Non-customers may solely cash third-party checks drawn on M&T. Both the original payee and third party must be available for one-on-one verification.
charges for non-customers: 2% of the overall check amount (minimum charge fee of $3, a maximum fee of $20)
Source: Customer service
Find the closest M&T Bank

Navy Federal Credit Union

Conditions for third-party checks: Members have to sign third-party checks in the presence of a teller for cash or deposit. Non-members can cash third-party checks drawn on NFCU if the two parties are available for in-person verification.
Fees for non-customers: Free
Source: Customer service
Find the nearest NFCU

SunTrust Bank

Conditions for third-party checks: All endorsements will need verification. Both payees must be present with proper identification.
Charges for non-customers: Usually, free for SunTrust checks under $50; $7 for SunTrust checks $50 and up. All other checks: 1 percent to 3 percent of the overall check amount.
Source: Customer service
Find the nearest SunTrust Bank

TD Bank

Conditions for third-party checks: TD Bank recommends that you contact your closest branch to talk about the requirements for cashing specific third-party checks.
charges for non-customers: $7
Source: Customer service
Find the closest TD Bank

U.S. Bank

Conditions for third-party checks: The Account holders should cash or deposit third-party checks at a U.S. Bank branch.
Charges for non-customers: Check cashing is available solely to U.S. Bank account members
Source: Customer service
Find the closest U.S. Bank

2. Check Cashing Stores

One significant thing to remember about a check getting the money for stores is that there is consistently an expense related to changing a check.

We’ve recorded the check getting the money for stores that will acknowledge third-party checks, alongside commonplace charges where accessible. In any case, as a rule, the charges at check getting the money for stores fluctuate as per the check type and sum.

ACE Cash Express

Conditions for third-party checks: Both parties may be needed to confirm endorsements; requirements differ by store. Contact your closest ACE Cash Express for information.
Check cashing charges: differ by location, check type, and amount
Source: Customer service
Find the closest ACE Cash Express

Advance Financial

Conditions for third-party checks: The third party must Authorize checks in person. Verification of the original endorsement may be needed. Contact your closest Advanced Financial for details.
Check cashing charges:
- Payroll and government checks: 1 to 2.99% of overall check amount; minimum charge fees of $3 for payroll and $2 for government checks
- Personal checks: 10% of the overall check amount; a minimum fee of $5
- All other checks: 1% to 5% of overall check amount; a minimum fee of $5
Find the closest Advance Financial

Check ’N Go

Conditions for third-party checks: Both parties should be available for in-person verification.
Check to cash charge: Starting at 1.99% of the overall check amount. Specific rates differ by location, check type, and amount.
Source: Customer service
Find the closest Check ’N Go

Speedy Cash

Conditions needed for third-party checks: The original payee and issuing bank must be affirmed at the time of check cashing. Speedy Cash confirms this information by phone.
Check cashing fees: beginning at $2
Find the closest Speedy Cash

The Check Cashing Store

Conditions for third-party checks: solely some areas cash third-party checks. Contact your closest The Check Cashing Store for info.
Check cashing charges: differ by location, check type, and amount
Source: Customer service
Find the closest Check Cashing Store

Places That Don’t Cash Third-Party Checks

1. Banks and Credit Unions

Allied Federal Credit Union
Ally Bank
Bank of the West
Charles Schwab
Citizens Bank
Discover Bank
KeyBank
PenFed Credit Union
Regions Bank
Wells Fargo

Most time, these banks will allow you to deposit third-party checks into your account as long as you make the deposit at the bank rather than at an ATM or through a mobile app.

2. Check Cashing Stores

Check Into Cash
Community Financial Services Center (CFSC)
Friendly Check Cashing
Money Mart
Mr. Payroll
Pay-O-Matic
PLS Check Cashing
United Check Cashing

3. Grocery and Convenience Stores

Although most grocery stores and convenience stores make available check-cashing services, none of them, including Walmart, will cash third-party checks.

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Summary

The Banks that will cash a third-party check are as follows, Bank of America, Connexus Credit Union, BB&T, SunTrust Bank, TD Bank, and U.S. Bank.

Some check cash stores, including ACE Express Cash, Advance Financial, and Speedy Cash will likewise money third-party checks.

For the most part, basic food items and accommodation stores — including Walmart — don’t money these sorts of checks.

Hope to demonstrate a legitimate, officially sanctioned personal ID, and now and again, the two payees must be available so as to money the check.

Since the approach for getting the money for third-party checks can fluctuate so much, it might be ideal to call your expected bank, credit union, or check to change the store early for the points of interest of its arrangement.

Third-Party Checks & Places Where You Can Cash Them

What is a Third-Party Check?