Visit a bank where you have an account and ask the teller to cash your Bank of America cheque. If you do not have a bank account, you can cash the check at a Bank of America branch or a store that provides check-cashing services.
Bank of America, like with several other banks, levies a fee to non-customers for check cashing. To cash a cheque, non-customers must additionally present two kinds of identification. Additionally, convenience outlets like 7-Eleven and major businesses like Walmart can cash checks. Store-specific fees may be a fixed rate or a percentage of the check amount.
Additionally, check cashing establishments are available. Certain retailers impose a fixed fee or a percentage of the check amount.
If you do not have a bank account, you also have the option of a prepaid account. These accounts are easier to obtain than checking accounts, and the majority can accept check deposits. The cheque cannot be cashed, but it can be withdrawn from an ATM once it has been deposited. Typically, prepaid accounts incur fees, such as a monthly fee.
There are limits on check cashing. Both retailers and banks establish their own limits for the checks they cash. If you have a bank account, your bank may limit the amount of a check it will cash. The remaining funds become available once the check has cleared.
