Can I Cash My Income Tax At Walmart?


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James Kent answered
Yes, you can. Typically, large retailers like Wal-Mart that cash checks do not charge as much for the service as other outlets, but the down side is that you may be tempted to spend all that you have just cashed in the store! You may find that because an income tax payment is a federal check, it can be cashed for free, or for a very small surcharge.

The best place to cash your income tax check would be into your bank account, if you have one. You could even arrange for the money to be paid straight into your account electronically, so not only do you have to make the effort of physically making the journey to the bank, there is no chance that you could lose the check. If you don’t have a bank account of your own, maybe a friend could cash it for you.

Another advantage of paying into the bank is that it makes it easier to be more disciplined so there is less chance that you will spend the money on things you don’t really need.

An alternative to a bank is a credit union; if you are a member of one, or your employer has one, you will be able to cash your check there, and like banks, you will not be charged for it.

Most towns have check cashing outlets but this method of cashing a check can be expensive - the bigger the check, the more it will cost you to have it cashed.

Wherever you choose to cash a check, remember that you will more than likely be asked for some form of ID so remember to take some with you. This is essential in making sure that episodes of fraud are limited.

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