Cashing USD cheque directly into dollars without US bank account

I recently spent some time in the US, visiting a university (I am an academic). They gave me some money to go towards my expenses, in the form of a check in USD. I am from the UK, and my bank charges me fees for cashing checks from foreign countries (and gives me an awful exchange rate).

I am going back to the US in a few weeks, so if I can cash the check straight into dollars, this would be really great - but I'm not sure if this is possible with the US banking system (I know it is in some EU countries).

Does anyone have any ideas what I could do to maximise my dollars?

Thanks.

money

Best Answer

You should be able to cash it at any branch of the bank upon which the check was drawn. Generally, without an account, you'd be asked for two forms of picture id (passport, drivers license, credit card with picture, university id), and they might charge a fee (or there is none, or it might be waived upon explanation of the circumstance).

And a more comprehensive answer, in an article by Simon Zhen in US News & World Report:

How to Cash a Check Without a Bank Account

Here are the cheapest ways to cash a check, sans a bank.

Check-cashing stores. Local mom-and-pop stores often come to mind when you search for checking-cash services. However, they can be costly.

Some check cashers may impose a fee equivalent to a percentage of the check value. Others may charge a flat fee in addition to a percentage fee. For large checks, these check-cashing facilities can be rather expensive.

For instance, to cash a $1,000 check, a $5 plus 1 percent fee means you’ll pay $15 for the check-cashing service. Other places are likely to have lower fees.

The check-issuing bank. A bank will only cash a check for a non-customer if a check is issued by that specific bank. Even then, the non-customer could face a check-cashing fee, which varies from bank to bank. For instance, TD Bank charges $5 whenever a non-customer wants to cash a TD Bank check. Meanwhile, Citibank doesn’t impose a fee when a non-customer wants to cash a Citibank check under $5,000.

More often than not, a non-customer will be persuaded to open an account with the bank to avoid paying the fee.

Retailers. Major retailers, such as 7-Eleven, Wal-Mart and some supermarket chains, offer check-cashing services, which likely cost less than those available at check-cashing stores and banks.

At some 7-Eleven locations, you can find kiosks that let you cash checks for a flat 0.99 percent convenience fee. Wal-Mart charges $3 for checks of $1,000 or less and $6 for checks greater than $1,000 and no more than $5,000. (The limit increases to $7,500 from January to April for tax refund checks.)

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How do you cash us check without U.S. bank account?

How to cash a check without a bank account, but you have ID:

Cash it at the issuing bank (this is the bank name that is pre-printed on the check)

Cash a check at a retailer that cashes checks (discount department store, grocery stores, etc.)

Cash the check at a check-cashing store.

How do I cash a USD cheque?

If your bank does accept foreign cheques, you'll usually need to pop into a branch to pay it into your account, or send it to your bank in the post. Cheques have to go through a clearing process, where the amount written on the cheque is transferred between the sender and receiver's accounts to settle the payment.

Can you cash a US check internationally?

Unless they deposit it into a US bank account in your name. You can cash US checks in almost any decent bank anywhere in the world, but it may cost you some and will probably take 2-3 weeks.

How do I cash a US dollar cheque in the UK 2021?

a. UK banks will cash foreign cheques but it will be expensive \u2013 it can cost you up to 5% of the cheque's value with a bank. The clearing process take 6-7 days and will depend on a process called negotiation against the issuer of the cheque, which may be unsuccessful.

WHERE TO CASH A CHECK WHEN YOU DON'T HAVE A BANK ACCOUNT

Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

Images: Karolina Grabowska, Karolina Grabowska, Karolina Grabowska, Karolina Grabowska