In conjunction with Bank of America, Chase Bank It is positioned as one of the largest and most important banks in the United States. Its ATM network is impressive, with more than 5,000 branches and a wide variety of online banking services that could compete with other popular banks in the market.
However – and as is the case with other US banks – Chase has its own policy for redeeming checks for cash. This banking policy is different for Chase customers (who have all the facilities) and citizens or foreigners who are not customers of the bank. Although the issuance of checks has been replaced by other operations of an immediate nature – such as bank transfers and money transfers by Zelle – they continue to have a presence in the financial market.
So, if you have a check in your hands and need to redeem it for cash, welcome! we have found out how much Chase charges to cash a check in different situations.
- 1 Can anyone cash a check at Chase Bank?
- 2 What do I need to cash a check at Chase?
- 3 How much does Chase charge to cash a check?
- 4 Chase Check Cashing Fee vs. Other US Banks
- 5 Are there limits on the amount of checks that can be cashed at Chase?
- 6 What time can I cash a check at Chase?
- 7 Chase Bank Check Cashing Alternatives
Can anyone cash a check at Chase Bank?
However, the same will not happen if you are not a Chase Bank account holder. If you have a personal check, paycheck, or even a tax refund check, you will have to pay an added fee.
What do I need to cash a check at Chase?
It depends on your situation. If you’re a Chase Bank customer, just have your account number handy, and even your Chase debit card. In this case, the bank will not even ask for a photo ID. But nevertheless, if you are not a Chase Bank customer, you will need proof of identity.
You passport, military card from United States, green card, driver’s license or any photo ID issued by your state of residence will do. If the check you want to redeem is over $500, the bank may ask you for a additional document in order to verify your identity. To do this, you can show:
Depending on how high the amount is, the Chase Bank representative may also request a document that allows them to verify your home address. If you have your latest bank statement or utility bill, it should do the trick.
How much does Chase charge to cash a check?
But, What if you don’t have a checking or savings account at Chase Bank? In this case, you will have to pay a fee of $8 for each check presented at the window. That is, if you want to cash three Chase Bank checks at once, you will pay $24 for the entire transaction.
Note: Chase Bank may decide not to charge this fee if the check contains federal benefits or an insurance claim.
Warning: Not all Chase customers will have access to the free check deposit or cashing service. For example, if you opened a Chase First Checking account for your child, you will still have to pay the above fee. Also, you should know that the bank account with the cheapest monthly service charge does not go below $4.95. However, you may be able to waive the monthly maintenance fee by meeting certain milestones, such as depositing more than $500 a month or maintaining a specific average balance.
Chase Check Cashing Fee vs. Other US Banks
That amount Chase charges to cash a check remains in the market average. Take a look at the table below to see how much other American banks charge for cashing a check at the teller window:
Are there limits on the amount of checks that can be cashed at Chase?
Yes, but it does not apply in all cases. Chase Bank customers have virtually no limitations, but citizens who do not have a Chase account are limited to check cashing up to $10,000. If the check exceeds this amount, they will have to fill out special forms to verify that the money is not involved in money laundering or does not come from an illegitimate source.
What time can I cash a check at Chase?
However, we recommend that you first call Chase customer service to confirm the hours of the branch closest to you. Some offices may have reduced business hours due to the pandemic.
Chase Bank Check Cashing Alternatives
If you don’t want to spend more than necessary, you can choose a different method of cashing checks. Many retail stores offer this service at a more affordable cost:
- Hebrew. Starting at $3. Available for dividend, payroll, government or insurance checks.
- Walmart. $3 for checks up to $1,000 and $6 for checks over $1,000. Available for paychecks, insurance settlements, retirement checks, government checks, tax returns.
- Kmart. $0 in Delaware, Georgia, New Jersey, Nevada, Washington, Connecticut, Pennsylvania, and South Carolina; $.50 in Illinois and Rhode Island, and $1 in all other states. Available for payroll checks, tax returns, or government checks.