You’re going to a movie with your friend, Usain. He tells you that he received a check from his grandparent for his birthday. He needs to cash the check for the movie ticket, but he doesn’t have a bank account.
Where could Usain get cash for his check so he can buy his movie ticket?
Answer (2)
Usain can cash his check at several different places despite not having a bank account. Here are some options he can consider:
Check-Cashing Stores : These are businesses specifically designed to cash checks. Usain can visit a store like this and present his check along with a valid photo ID. There might be a fee charged, typically a percentage of the check amount or a flat fee.
Retail Stores : Some major retail stores, like Walmart, offer check-cashing services at their customer service desk or money center. These usually require Usain to show a valid photo ID, and they may also charge a small fee for the service.
Banks or Credit Unions : Usain can try to cash his check at the bank that issued it. He should look for the bank's name on the check and visit one of its branches. While he doesn't have an account, the issuing bank might still cash it for him. They might require a government-issued ID and may charge a non-customer fee.
Prepaid Debit Card Services : Some services allow checks to be loaded onto a prepaid debit card. These services might require Usain to download an app or visit a location to get a card and cash his check.
In each of these cases, it's important for Usain to bring a valid ID and to be prepared to pay a small fee for the check-cashing service.
Usain can cash his check at check-cashing stores, major retail stores, the bank that issued the check, or through prepaid debit card services. He should bring a valid photo ID and be aware of potential fees. Each option provides a way for him to access cash without a bank account.
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