Cash a Check

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Cash a Check

To deposit a check at a bank other institution and to receive cash in exchange. For example, suppose Joe writes Bob a check for $10. Rather than place the check in the bank, Bob may go to his bank, present the check, and receive $10 in cash. The bank then directs the check to Joe's bank and receives $10 from Joe's account to compensate itself for the cash it gave to Bob.
References in periodicals archive ?
BUYER HAS TO HAVE A CHECK CASHING LICENSE & BANK TO CASH CHECKS & PROOF OF FUNDS BEFORE MEETING WITH SELLER.
Tom Nix, founder of Nix Check Cashing, credited the NCUA in his latest book for the successful sale of his payday lending business to the $3.
BANKING AND CREDIT NEWS-April 3, 2013--Regions Bank to deploy ATMs with check cashing capability(C)2013 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-April 3, 2013--Regions Bank to deploy ATMs with check cashing capability(C)2013 M2 COMMUNICATIONS http://www.
For the last four years, Anna, who earns her living working temporary jobs, has cashed her paychecks at one of New Haven's 10 check cashing stores, such as X-Bankers, which sits half a block away.