Cashing third party checks (Everything you need to know)

How do you cash third party checks without the other person?

To cash a third party check, have the third party endorse the back of the check by signing the back and Pay to the Order of ‘your name’. Check endorsements may require both parties, photo identification, and the bank may refuse cashing the check. Cash the check at any bank, credit union, and certain check cashing stores.

Imagine, being able to cash a third party check without any hassle. It’s your money, so why shouldn’t you have access to it?

Nothing’s worse than spending half a day trying to cash a $100 check.

Luckily for you, I’m going to show you how to cash a third party check without involving the third party. I’ll even show you the best place for you to cash a check and when the funds will be available.

20-106 - Cashing third party checks (Everything you need to know)

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How do you cash a third party check without the other person?

In order to cash a third party check, the third party must endorse the check which signs the rights over to you. The third party must sign the back of the check and write “pay to the order of your name” to endorse. Cash the check at a bank, but it may require both parties or photo ID if fraud is suspected.

The first step to cashing a third party check is endorsing the check. An endorsement gives the rights of the check to a third party. Hence the name, third party check.

To endorse a check, read the instructions on the back of the check. However, it’s just a simple process of signing the back and writing the new payee name. Your bank may have specific instructions.

Next, you’ll need to visit any bank, credit union, or certain check cashing stores. Consult the bank’s policies, but you may need your ID or even both parties ID. Call ahead to verify requirements, but the bank’s primary concern is preventing fraud.

Unfortunately, most banks won’t accept mobile deposits of third party checks. However, you can attempt a mobile or ATM deposit and see if the check clears. Just make sure you don’t dispose of the check before the deposit has cleared.

For example, Bank of America does not take mobile deposits of third party checks. However, you can deposit a third party check at a financial center.

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Where can I cash third party checks?

Cash third party checks at your bank, credit union, or certain check cashing stores. In some cases, you can deposit a third-party check at an ATM. Mobile App deposits and Customer Service Centers at grocery stores are unlikely to cash third party checks.

The best option is to cash a check at your bank or credit union. You’ll run into less issues and the transaction is typically free for members.

Select check cashing stores will cash third-party checks, but not all of them. Therefore, it’s important to search online or call ahead before you visit the location. In addition, check cashing stores will charge a large fee for cashing checks.

Can I deposit a check signed over to me at an ATM?

Checks signed over to you should only be deposited into an ATM as a last resort. Banks will collect the check from the ATM and make a decision to deposit funds or not. Checks which do not clear may be mailed back to your address on file with the bank.

Usually, there isn’t a problem with depositing third party checks at a financial institution. However, any red flags may cause the bank to investigate potential fraud issues.

People have successfully deposited checks at ATMs. At most, you’ll have to try to deposit the check again later or it’s mailed to an old address on file.

Can I cash a third party check online?

Cashing third party checks online is usually not supported by financial institutions. Third party checks require more scrutinization to protect against fraudulent activity. Therefore, the best place to cash a third party check is in-person at a bank or credit union.

Does Walmart cash third party checks?

Walmart does not cash third party checks. Walmart cashes two party, payroll, government, tax, 401k disbursement, pre-printed, cashiers, and insurance settlement checks.

How long does it take for a third party check to clear?

Third party checks clear just like a two party check. The check should clear within a couple business days, but funds may not be available for another five business days. Call your bank to check on the status of a check or speed up the process.

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Summary: Cashing third party checks

As you can see, it can be difficult to cash a third party check without the original payee. However, most banks are willing to cash third party checks without problem if the amount is small. Banks may require photo ID or verification from the original payee to prevent fraud.

Banks and credit unions are your best chance for third party check cashing. However, you can also cash a third party check at certain check cashing stores.

Some people have had success with ATM check cashing. However, the bank may decide to mail the check back to you if they can’t cash it. Do not try and cash a check online as most banks won’t support the transaction.

In order to cash a third party check, the original payee must endorse the check. Endorsing the check will sign over the rights to the new payee listed on the back of the check.

Save yourself some time and call the bank prior to visiting. The bank will give you all the details you need to cash a third party check. Every bank is different and may have different rules on third party checks.