As we know, Economic Impact Payment (EIP) payments, or as ordinary people say, “stimulus checks,” are an excellent tool to increase consumption.
The stimulus check, also known as the economic impact payment, is a form of financial support offered by the government to help mitigate the effects of the recession. This payment is designed to help individuals and families affected by unemployment or reduced income due to factors such as layoffs, business closures, or other economic hardships. The stimulus check can provide much-needed assistance during financial uncertainty and instability.
Whether you are struggling to make ends meet or looking for ways to boost your family’s savings, a stimulus check can be an invaluable resource that can help you weather tough economic times. Whether you use your payment to pay bills, save for emergencies, or invest in your future, it will impact your financial well-being positively. If you are eligible for a stimulus check, take full advantage of this valuable resource and use it wisely!
However, in this article, we want to talk about potential fraud and the possibility that someone else (relative or friend) cashed a stimulus check instead of you.
Following standard banking processes, you can get someone else to pay your return check. The procedure is straightforward and applies to all checks issued to you. However, anybody can try to repeat these procedures if your check slips into the wrong hands. To avoid losing your refund, keeping your information safe is critical. If you wish, you can designate a third party to pay your IRS refund check on your behalf (see our article about three-party checks. )When a bank account is not immediately accessible, or when the check has been pledged as repayment or a present, you may need somebody else to cash your return check.
Can Someone Else Cash My Stimulus Check?
Yes, someone else can cash your stimulus check with or without your knowledge. Sometimes, tellers do not ask for ID, and somebody can commit fraud. However, if you want somebody to cash your stimulus check, then banks place holds on checks to ensure the funds are available in the payer’s account.
If you want someone else to cash your stimulus check, you need to find a place that accepts cashing third-party checks. For example, suppose you try to cash for someone else at a Kroger grocery store. In that case, you will be rejected because Kroger does not carry Payroll checks, Business checks, Insurance settlement checks, Government checks, and Income tax refund checks.
You can not cash third-party checks (can not cash stimulus checks for someone else) at the following grocery stores:
- Albertsons
- H-E-B
- Kroger
- Meijer
- Publix
- Safeway
You can not cash third-party checks (can not cash stimulus checks for someone else) at the following cashing places:
- Pay-O-Matic
- Mr. Payroll
- Money Mart
- Friendly Check Cashing
- Community Financial Services Center (CFSC)
- Check Into Cash
You can not cash third-party checks (can not cash stimulus checks for someone else) at the following cashing places:
- Wells Fargo
- Regions Bank
- PenFed Credit Union
- KeyBank
- Fifth Third Bank
- Discover Bank
- Citizens Bank
- Charles Schwab
- Bank of the West
- Ally Bank
- Allied Federal Credit Union
Where can I cash my stimulus check?
You can cash a stimulus check in the following places:
- Cash. app
- Local banks
- Walmart
- Supermarkets
- Check-cashing stores
- PayPal
- Netspend
- Ingo Money
The fastest way to get a stimulus check is to use your Cash App routing and account number to get your payments because up to two days earlier, you can earn money faster than most banks.
Not all users can deposit physical or paper checks using Cash App. You can read more about this topic in our article, where I can load money on my cash app card.
Can I endorse my stimulus check to someone else to cash at Walmart?
Yes, you can endorse your stimulus check to someone else to cash at Walmart because this store accepts third-party government checks. However, you need to pay a $4 fee if you cash a third-party check below $1000 and an $8 fee if you cash a check from $1001 up to 5000.
It is possible to endorse your stimulus check to someone else to cash it at Walmart. This retailer is one of the many stores that accept third-party government checks, which means that you can give your check to someone else, and they can take it to Walmart to cash it. However, there are some fees associated with this process. If you are trying to cash a third-party check below $1000, you will need to pay a $4 fee. If you are cashing a check from $1001 up to 5000, you will need to pay an $8 fee.
If you are interested in endorsing your stimulus check for someone else to cash at Walmart, it is essential to know the eligibility requirements for this process. In most cases, only individuals who have direct deposit set up for their checks can endorse their checks for someone else. You must also be able to provide proof of identification if you want your check endorsed by another person at Walmart.
Ultimately, if you want someone else to cash your stimulus check at Walmart, it is a good idea to discuss this process with them ahead of time so that everyone knows the requirements and fees involved. With careful planning and preparation, you should be able to successfully have your stimulus check endorsed by someone else at Walmart to get the money you need quickly and easily.
Credit Unions and Banks that accept third-party checks
Below is a complete list of where you can cash stimulus cash for someone else in the US (cash third-party check places):
- ACE Cash Express
- Advanced Financial
- Bank of America
- Chartway Federal Credit Union
- Chase Bank
- Check ‘N Go
- Citibank
- Connexus Credit Union
- First National Bank
- HSBC
- M&T Bank
- Navy Federal Credit Union
- PNC Bank
- Speedy Cash
- Suntrust Bank and BB&T (now called Truist)
- TD Bank
- The Check Cashing Store
- U.S. Bank
Endorsing a Check
You may want somebody else to pay the returned check if you’re not using access to the user account right away or if the check was committed for repayment or as a gift. On the first line of the endorsing area beneath the check, write “Pay to the order of,” followed by the individual’s name and your initials as it appears on the front of the check. You’ll almost certainly need to present your ID to the bank cashing the check to prove that you signed the check over to the new recipient. In this case, you can certify the check to the person, just like anyone else would check so they can deposit it.
In Case of Fraud
Unfortunately, someone else could cash your return cheque without your permission or knowledge. This can happen if the check is delivered to the incorrect address or is intercepted on its way to you. With the IRS return status system, you can determine when you may receive your check. Make a call if it doesn’t arrive within the expected time range.
There are two sides to this case. First, many honorable people can not cash stimulus checks because of bad health conditions, and their kids, relatives, or friends can do that for them. However, people always try to trick the system and create a scam.
Tips
The IRS suggests filing your tax form online and receiving your return via direct deposit into your bank account via electronic funds transfer. You’ll get your refund sooner and won’t worry about a lost check.
After leaving Wells Fargo Bank in 2014, Daniel began a career as a finance consultant, advising companies and individuals on economic policy, labor relations, and financial management.
At Promtfinance.com, Daniel writes about personal finance topics, value estimation, budgeting strategies, retirement planning, and portfolio diversification.
Read more on Daniel Smith's biography page.
Contact Daniel: daniel@promtfinance.com