I would cash it at my own bank, but they require you to deposit it if it's over $300, and lets just say it's over $300.
2007-11-12 08:40:41 · 4 answers · asked by papadego 3 in Business & Finance ➔ Personal Finance
Some will charge you a fee like BOA is $5.
Just deposit it then write checks or take money out of the ATM.
2007-11-12 08:54:59 · answer #1 · answered by shipwreck 7 · 0⤊ 1⤋
If you do not have an account where the check is drawn off they may charge a fee and require a valid government id. If it is for a very large dollar amount they might require you to wait a few days to cash the check until their cash order comes in(ie some banks do not allow a customer to just walk in a cash a 12k check because it would deplete their funds to the point they couldn't cash other customers checks)...
Also be aware that if the check is $10,000.01 or more the bank is required by law to have you fill out a CTR (currency transaction report). This requires you to disclose your name, address, social security number, place of work and job desciption. This will be submitted to OFAC and in some cases IRS.
2007-11-12 17:04:41 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Yes you can. However, many banks requite two forms of ID and some even require a finger print to cash the check.
2007-11-12 16:53:02 · answer #3 · answered by EJ 5 · 1⤊ 0⤋
Probably. But what's wrong with depositing the check in your account? You don't really have to walk around with the cash that will just burn a hole in your pocket anyway. Learn how to save money.
2007-11-12 16:46:27 · answer #4 · answered by Will Mundy 3 · 2⤊ 0⤋