Learn more about the process of cashing checks at Amscot. If you are looking for information on the rates of fees charged when cashing your valued check at one of the Amscot outlets near you, this article is for you.
We will also include the policies and hours when the cashing can be done.
Does Amscot Cash Checks?
Yes, Amscot does cash a variety of checks including personal, payroll, government, and insurance settlement checks subject to certain restrictions.
For complete information and specific requirements for each type of check they cash, please visit their website.
Amscot Check Cashing Policy
The Amscot check cashing policy covers three main areas, namely check cashing fees, limits, and the types of cashable checks.
Cashable Check Types at Amscot
At Amscot, you can cash all types of checks, for any amount and at any time. The checks accepted here include government, tax refund, payroll, personal, insurance, cashier’s, out-of-state, traveler’s, and handwritten checks.
Also, you can cash money orders at most of the Amscot branches near you.
To have your check accepted and processed at Amscot, you are expected to carry with you a valid identification document.
The acceptable identification documents include government-given photo identification documents namely a military card, driver’s license, and passport.
Further, your check will be rejected if it has been altered or the figures entered in words are different from that which is written in numbers.
Amscot Check Cashing Fees & Limits
In the cash advance industry, Amscot’s fees and rates are among the lowest. Amscot charges a service fee of 10 percent of the total amount advanced, plus a 2 US dollar state fee.
For instance, to receive a $400.00 cash advance, you must write a check for $442.00 for Amscot to keep until your next pay time, usually up to 31 days.
For government checks: from $ 1,000.00 to $ 1,499.99 you pay a fee of 1.9%, for checks above 1,500.00 you pay a fee of 2.9%.
For tax refund checks you pay a fee of 2.5%, while for cashiers and insurance checks that range from $1.00- $4,999.99 you pay a 3.9 % fee, and for those above $5,000.00 you pay a fee of 4.9%.
For more information about the Amscot rates and fees visit here.
Amscot Check Cashing Near Me
No matter your physical location, Amscot has an efficient customer care team to assist you in locating the nearest Amscot check cashing. That is if you are not able to make use of their online website branch locator.
Using the online branch locator, you can find out about the nearest Amscot check cashing branch that is near you.
Not only that, but you will also have the chance to find more information about the rates and fees and the check cashing policies of your nearest branch, as well as the customer care team contacts.
FAQs About Amscot Check Cashing
Indeed there are numerous frequently asked questions (FAQs) regarding Amscot check cashing. Some of the FAQs include:
1. What type of checks does Amscot cash?
At Amscot you can cash several types of checks: government checks, personal checks, handwritten and computer payroll checks, cashier’s checks, and insurance checks.
Also, Amscot allows you to cash traveler’s checks, money orders, and international checks.
2. What is needed for me to be able to cash my check at Amscot?
All you need to bring when you want to cash a check at Amscot is valid government-issued identification documents such as a passport, military identification card, or driver’s license.
3. How does Amscot verify personal checks?
At Amscot branches there is a team of experts who help clients in establishing if their checks are valid or invalid.
Indeed, given the rising cases of fraudsters, you might be issued with a fake check even from a well-trusted and respected bank.
Therefore, when you bring a personal check, the team of experts with the help of the computers validate that the check is from a registered bank.
The team uses the internet to get the bank’s contacts and may make inquiries about the check.
The team also uses automated technology to detect unique numbers that are written from the back of your check. Each check has a unique code or number.
After doing all that, the Amscot agent will let you know if or not your check is genuine.
4. Will Amscot cash my check if I owe them money?
Yes, Amscot will still cash your check even if you owe them money. However, you can always inform the bank to transfer the cashed money to pay for the loan or overdraft you may have with them.
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