How to Cash a Payroll Check

If your employer offers direct deposit, you can usually have your paycheck deposited into your checking or savings account on payday. But if direct deposit isn't an option, or if you need access to your earnings before payday, you'll likely be given a physical payroll check that you can cash.

Most banks will cash payroll checks for free for their customers. However, there may be a fee if you're not a customer of the bank where you're cashing the check. For example, Bank of America charges non-customers a $6 fee to cash a payroll check.

If you don't have a bank account, or if your bank is charging too high of a fee, you can also cash your payroll check at a check-cashing service. These businesses typically charge a percentage of the total amount of the check, rather than a flat fee. For example, ACE Cash Express charges 3% of the total amount of the check for customers who are cashing their first check with the company. However, this fee goes down to 1% for returning customers.

What You'll Need to Cash Your Payroll Check

When you go to cash your payroll check, you'll need to bring along a valid form of government-issued ID, such as a driver's license, passport, or state ID card.

You may also be asked to provide your Social Security number. Once you've provided this information and paid any necessary fees, you'll be able to collect your cash.

Conclusion:

Cashing a payroll check is typically quick and easy process—and it's even easier if your employer offers direct deposit. Most banks will cash payroll checks for free for their customers, though there may be a fee for non-customers. Alternatively, you can take your payroll check to a check-cashing service, which will typically charge a percentage of the total amount of the check. All you'll need to bring with you is a valid form of government-issued ID and your Social Security number.