Answers about Cashing Checks
I went to a bank to cash a check that was drawn on the bank. I do not have an account with the bank and they refused to cash the check. Can it do this?
Yes. There is no federal law or regulation that requires banks to cash checks for noncustomers. Most banks have policies that allow check cashing services only for customers who have an account with them in order to protect both themselves and their customers from forgeries.
Once a bank cashes a check that has been forged by a noncustomer, they may lose money if they cannot collect from the person who cashed the check.
Also, if a bank agrees to cash a check for a noncustomer, it may legally charge the presenter a fee.