Walgreens does not cash personal, payroll, or government checks at any of its retail locations. Despite offering financial services like Western Union money transfers and bill payments, check cashing is not among them. This policy is consistent across all stores, including pharmacy and photo counters.
Why Walgreens Avoids Check Cashing
Large retailers generally avoid check cashing due to increased fraud risk, the need for costly verification systems, and exposure to financial liability. The Federal Trade Commission (FTC) has warned that check fraud remains a significant problem, particularly with counterfeit cashier’s and payroll checks. Instead, Walgreens has partnered with Western Union to provide money transfer services as an alternative.
What Financial Services Are Available at Walgreens?
Walgreens offers the following financial services:
- Western Union Money Transfers: Send and receive funds at participating locations.
- Bill Payment Services: Some stores allow bill payments through third-party processors.
- Reloadable Prepaid Cards: Walgreens sells and reloads select prepaid debit cards.
These services can be useful, but they do not include cashing checks.
Where to Cash Your Check Instead
If you need immediate access to your funds, consider these alternatives:
- The Issuing Bank: This is often the fastest and cheapest option, as the bank can verify funds instantly. The Consumer Financial Protection Bureau (CFPB) notes that non-customer fees may apply but are usually lower than those at check-cashing stores.
- Your Bank or Credit Union: If you have an account, you may receive same-day or next-day access depending on the deposit amount. Federal Reserve Regulation CC requires banks to make at least part of many deposits available quickly.
- Walmart: Walmart provides check-cashing services at many locations, with fees varying by check amount and type.
- Grocery Stores: Some regional chains offer check-cashing at their customer service desks.
- Check-Cashing Stores: These stores offer immediate access to cash but typically charge high percentage-based fees (sometimes up to 10% or more).
Key Considerations
Before cashing a check, always ask about the exact fee. Be aware of potential scams (the FTC warns of widespread fake check fraud) and long hold times for large deposits. Non-customer bank fees may also apply.
Quick Decision Guide
- Lowest Fee: Start with the issuing bank.
- Immediate Cash: Try Walmart or a grocery store before a check-cashing outlet.
- Existing Bank Account: Deposit the check at your bank and inquire about same-day availability.
In conclusion, Walgreens does not cash checks. If you need to cash a check, your best options are the issuing bank, your own bank, or a retailer like Walmart. While check-cashing stores are available, fees can add up quickly. Always compare options before handing over your check.
