If you’re cashing checks in Connecticut, your enjoyment of tax season (lots of refund checks) just got cut short.
Walmart announced on Feb 5 that they’ll be cashing checks at all 33 stores in the state. As with virtually everything at Walmart, prices are tough to beat:
- 1% of face value for checks under $300
- $3.00 flat rate up to $1,000 face value
- $6.00 max charge for amounts up to $5,000
On the other hand, check cashing businesses are still abundant in states where Walmart already cashes checks. There’s something to be said for location.
Link: Official Walmart press release
