Cashing a check?

Question

I bank with Wells Fargo. My roommate wrote me a check from WaMu. I want to cash the check, then deposit the cash so the funds will be available immediately. Do I have to go to WaMu, cash the check, then go to WF and deposit the cash? Or can I cash the check at WF and then turn around and deposit it into my account?

Also, when cashing a check, do I have to fill anything out at the desk? Or can I just walk up and say I want to cash my check...?

Answer 1

you will have to take it WaMu to cash it since that is where she banks.... there you will have to tell them you don't have an account. You will need 2 forms of ID one being a picture!!! the other can be your WF card... if you haven't been to WaMu before they run the check and then print you out a reciept you will take that reciept to one of their money machines and put in the code on the bottom of the reciept and then the cash despences. Then you will need to take it to your bank to cash it!!!!

Answer 2

Just because you cash a check at your bank and then deposit the cash in your account does not make the funds available immediately. If you deposit the check there may be a waiting period depending on WF policy. If you want the $ available immediately cash it at WaMu. The funds will then be available immediately, if the account supports the balance. Then you can deposit the dollars in your account. When cashing a check you sign it on the back (best to do in the bank, because if lost when its signed someone else can claim it for themselves.) Either you or the teller will put your account on it & will probably ask to see your ID--like driver's license. I always put "For deposit only" above my signature when this is what I'm doing.

Answer 3

The short answer is most of the time they don't. A check cashing business is essentially making very high risk short term loans. It may not seem like much but if you charge someone 2.5% to cash a check, some charge more, and the check clears in two days that's an effective yearly rate of over 8000%. They can afford some losses. In the case you mentioned I believe if the lady recieved her cash from the check cashing place and then the check was denied she owes the check cashing place, especially if she also cashed the second check. The person presenting the check is ultimately responsable for the checks value. She would have a case against the insurance company for any fees she had to pay for the returned check but she owes the check cashing place for the money they didn't receive. They will go to court and they will get a judgement. and if someone decides that she knew the check was going to have a stop payment on it she could go to jail.

Answer 4

You can cash the check at your bank ...they will ask you to sign the check from wamu in front of the teller, and put your account number on the back..then have your deposit slip filled out with the cash amount listed...and make your deposit..



To keep down any questionable activity...cash the check at Wamu...they'll ask the same thing except they'll ID you and probably put a thumb print on it..then go to your bank and have your deposit slip filled out and your set. Good Luck HH

Answer 5

You sign the back of the check and tell them you want to cash it. YOUR bank will only cash it right away if you have the funds in your OWN account to cover it if it bounces. I would take it to WaMu 1st, cash it, then deposit the check in your account. All you have to do is go to the counter. You don't have to fill out paperwork. Make sure you have your ID with you tho.

Answer 6

if you not sure the fund is in that check . you should either call that bank to verify the fun before you deposit. or you can go to WaMu and cash the check over there. you don't have to fill out anything . all you have to do is provide your ID and your thump print. that's all . sometime when you deposit the check from different bank it might take 48 hours to deposit in your bank if the check is out of state .

Answer 7

I am pretty sure it doesnt matter what bank the check is from, just that you cash it at yours and endorse the back, or maybe deposit it as a check directly with WF

Answer 8

Since your checking account is at WF, you can DEPOSIT

the check into your account. However, WF may have

restrictions on 3rd party checks. Which means the funds

won't be available until the check clears.



Call WF to find out.

Answer 9

who ever you bank with can cash the check if its there policy to not check to see if have enough to cover it. but if the have a policy that it has to clear,then take it to the bank on the check to get the money right away. even if u deposit cash into your bank it doesnt always go through right away it might take a day or two just to clear, and its stupid because cash should clear right away but not every bank is smart. Bank of America is like that, i had there bank once before the screwed me over. i deposited cash to cover a payment and the payment went through and the money i deposited didnt so my account was negative and i got hit wth NSF charges for three days until the money i deposited went through

Answer 10

You can just straight deposit the check to your account if u want, but if u want to cash it first all you have to do is sign the back of the check and have an account with bank you cash it at, because if you don't then u have to pay a fee. I would just directly deposit the check to your account, it doesn't matter where the check comes from, you can deposit it to your account

Answer 11

if the check is drawn on wamu then you should cash it at wamu for immedate funds. at WF they are likely to hold the check until it clears.