Check Cashing Alternatives

Are you tired of paying the high price of cashing a check at a check cashing center? Below are some alternative methods for cashing checks.

Checking Account

The more common way to cash a check is to cash it at a bank if you have an existing checking account. Banks will cash checks for account holders, just as long as there are enough funds to cover the check in case it bounces. If funds in the account are not enough to cover the amount on the check, the account holder must wait until the check clears to access the funds… Continue reading

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Prepaid Cards 101

Prepaid cards are electronic cards which allow card holders to access funds deposited to an account. A prepaid card can be used to withdraw money or pay for goods and services.Unlike a credit card, which extends a line of credit, prepaid cards are more similar to debit cards. Prepaid card holders can only spend the money they load on the card. Since no credit is extended to prepaid card holders, interest and overdraft fees are avoided.

How Much Do Prepaid Cards Cost?

The fees associated with prepaid cards differ depending on the company offering the service. Opening and activating… Continue reading

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Tax Refunds: Direct Deposit Facts

Every year millions of Americans anxiously await their yearly tax refunds and every year thousands of checks get sent out through the mail. For some taxpayers, waiting around for a check can be more strenuous than having to pay back Uncle Sam; if so; here is some useful information regarding tax refunds:

  • If you mailed in a complete tax return, your refund check will be issued within six weeks of the date it is received. For electronically filed returns, checks are issued within three weeks after the acknowledgement date.
  • Refunds from amended returns can take up to 12 weeks to be issued
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