BENTONVILLE, Ark. — Walmart announced that it has expanded 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, the company reported.
"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. "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."
Examples of the types of pre-printed checks Walmart now cashes include:
MoneyGram money orders
Walmart had previously only cashed payroll, government and tax refund checks.
In addition, customers will now be able to cash payroll cards and eligible government benefit cards down to the penny, Walmart said.
"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 cashes checks and cards up to $1,000 for $3, and cashes checks up to $5,000 for $6.
Walmart also announced that it would accept more forms of identification for check chashing. Walmart already accepts driver's licenses, military IDs and tribal IDs. Now customers can also use state IDs and U.S. passports as identification for check cashing.
Walmart will begin offering designated Express Check Cashing check-out lanes at more than 650 stores during peak hours, the company reported.