Busy parents often juggle packed schedules, leaving little time for banking errands. When handed a third-party check—a check originally made out to someone else but signed over to them—many find cashing it confusing or inconvenient. Because not all banks or check-cashing services accept these checks easily, knowing where to go and what steps to follow can save time and hassle. This guide offers practical, time-saving tips for parents who need a quick and stress-free way to handle third-party checks.
Mobile Cash Apps
In today’s fast-paced digital world, mobile cash apps have become a game-changer for parents who can access funds quickly without interrupting their busy routines. With apps like PayPal, Ingo Money, and Chime, parents can deposit or cash checks directly from their smartphones, offering a level of convenience that was once unimaginable.
These apps allow for a seamless check-cashing experience, whether at home, on a lunch break, in the car between errands, or even at the soccer field watching your kids play.
Using these apps is straightforward: simply endorse your check, take a clear photo using the app’s built-in camera feature, and submit it for processing. The funds can then be deposited into a linked bank account or added to a prepaid card for immediate access.
While many apps offer instant access to funds for a small fee, standard deposits are often processed within 1-2 business days. It means that even if you don’t need the funds urgently, you can access them relatively quickly without visiting a bank or currency exchange service. If you’re exploring options for third party check cashing, these apps can be an excellent choice for managing your checks with ease and convenience.
ATMs
Many ATMs now offer the convenient option of depositing checks, making it easier to access your funds without visiting a bank branch. This option is an excellent fit for those who want quick access to their money without the need for traditional banking hours.
To use ATM check deposit services, you simply need a linked bank account, which allows the check to be processed and the funds credited to your account. ATMs are available 24/7, allowing you to deposit checks anytime, whether early in the morning, late at night, or on weekends. This makes ATMs a particularly convenient solution for individuals with busy schedules who need to manage their finances outside of regular bank hours.
Depending on your bank, the funds from a check deposit are often available quickly, with some ATMs offering next-day access to your deposited funds. With the ease and accessibility of ATMs, managing your finances becomes a seamless part of your day-to-day routine, no matter where you are.
Currency Exchange Services
Currency exchange services, such as Walmart Money Services and ACE Cash Express, provide an excellent alternative for cashing checks, particularly for parents who may not have access to a bank or prefer a quicker, more convenient option. These services accept various checks, including personal, payroll, and government-issued checks, ensuring flexibility in cash checks.
Currency exchange services fees vary depending on the service provider and the check amount. Fees can either be a flat rate or a percentage of the check’s total value. While the fees may differ, their ease and convenience often outweigh the cost, especially when you need to cash a check quickly.
Another significant advantage of currency exchange services is their extended hours of operation. Many of these locations are open beyond typical banking hours, including evenings and weekends, which makes them particularly useful for busy parents who need to manage their finances outside of standard business hours.
This flexibility allows parents to access their funds at a time that fits their hectic schedules, ensuring they can care for their financial needs without missing a beat.
Bank or Credit Union
Banks and credit unions remain the most traditional and reliable places for cashing checks, providing a trusted and secure service for account holders. Cashing checks is typically a straightforward and seamless process for those with existing accounts. Non-members may also have the option to cash checks, though they may be required to pay a fee for the service. This makes banks and credit unions a versatile choice for anyone who needs to access their funds, whether they have an account or not.
To cash a check at a bank or credit union, you must visit a branch, present your endorsed check, and provide valid identification. This process allows you to cash the check on the spot, making it an efficient solution for those who need immediate access to their money.
Many banks and credit unions offer direct deposit services, allowing checks to be deposited straight into an account. This option not only saves time but also ensures secure, often faster access to funds compared to traditional check-cashing methods.
Simplifying Third-Party Check Cashing
When it comes to cashing a third-party check, having the right options available, such as currency exchange services, mobile check cashing apps, or ATMs, ensures you can manage your finances on your terms. These services allow you to cash checks quickly and conveniently, giving parents more time to focus on what matters most. With some knowledge of the available solutions, parents can streamline their financial tasks, making third-party check cashing a seamless part of their fast-paced lives.
Bob Duncan is the lead writer and partner on ConversationsWithBianca.com. A passionate parent, he’s always excited to dive into the conversation about anything from parenting, food & drink, travel, to gifts & more!