PeoplesBank Check Cashing & Deposit Policy

If you are looking for a bank that does check cashing, Peoples Bank may be a great choice.

In this blog post, we will discuss the services that Peoples Bank offers in regard to check cashing and provide you with some information on how to determine if they are the right bank for your needs.

Does Peoples Bank Cash Checks?

Yes, People’s Bank does cash checks, and they accept checks of up to $1000.

This can be helpful if you need to cash a check but don’t have a bank account, or if your bank is closed and you need access to funds right away. Just be aware that there is usually a fee involved for cashing a check at People’s Bank.PeoplesBank check cashing

Peoples Bank Check Cashing Limit

You are limited to depositing a maximum of five checks per day, or a total maximum of two thousand dollars per day.

The maximum number of checks that may be deposited in one calendar month is 25, and the maximum amount that can be deposited in one calendar month is $10,000.

People’s Bank Check Deposit Policy

People’s Bank does not accept checks that are not payable in US currency. This includes checks drawn on foreign banks and foreign currencies.

The People’s Bank does not accept third-party checks for deposits. This means that if you have a check made out to you from someone else, you’ll need to find another bank where you can cash or deposit it.

FAQs on Peoples Bank Check Deposit & Cashing

Peoples Bank Funds Availability

How long does it take for a check to clear at Peoples bank?

Mobile check deposits made on a bank business day before the 4:30 p.m. cutoff time are regarded to have been made on the day of deposit.

Deposits made after the cutoff time of 4:30 p.m. or on Saturdays, Sundays, or federal holidays are considered to have been made on the next working day.

You will have access to funds from U.S. Treasury checks payable to you on the first business day following the day of deposit.

For all other checks, the entire amount or the lesser of $200 will be accessible the following business day. Any leftover balance will be accessible on the second business day after the deposit date.

For example, if you deposit a $700 check on Monday before the cutoff time, $200 will be accessible on Tuesday. The last $500 will be accessible on Wednesday [Source].


About Nelkwob

Nelson K. is a former banker with experience in providing financial solutions to a variety of customers (individual and commercial). His background makes him the best go-to individual for information on money services offered by banks, credit unions, gas stations, and stores.

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