BENTONVILLE, Ark. - This week, Walmart announced its expansion of check cashing and card cashing services at stores nationwide, including the ability to cash a payroll and eligible government benefits card to the penny.
The expansion includes cashing most types of pre-printed checks up to $5,000 and accepting more forms of ID for check cashing, as well as establishing Express Check Cashing check-out lanes at selected stores during peak hours.
"We are constantly looking for ways to make life better for our customers while saving them money," said Daniel Eckert, head of Walmart Financial Services, in a press release. "This expanded program now enables Walmart to bring everyday low price cashing services to more customers who have a need for immediate access to their cash."
Walmart already cashes payroll, government and tax refund checks. Now, the retailer will cash more types of pre-printed checks including rebate, student loan, 401k, retirement, loan, IRA, pension, expense, insurance and MoneyGram money orders. In addition, customers can cash payroll cards and eligible government benefit cards down to the penny.
"We know more and more of our customers have a need to cash these kinds of cards, and it's important that they're able to gain access to all their cash," said Eckert. "We're excited to be the first major retailer to make it possible to cash these types of cards to the penny and give every cent to the customer, instead of in $10 or $20 increments."
Walmart will begin offering designated Express Check Cashing checkout lanes at more than 650 stores during peak hours. Recommended hours are between 4 pm and 8 pm on Friday as well as the first and 15th days of the month, but individual stores will have discretion to adjust to the needs of their local communities. The designated lanes will be for check and card cashing only.