To cash a business check without bank account- go to check cashing shops or grocery stores and cash your business check instantly.
In case you have received a business check but do not have a bank account then you might be wondering, how to cash a business check without bank account.
Well don’t worry, I have got you covered. Because in this post, I will provide a step by step guide on how to cash a business check without a bank account. Moreover, I will also talk about all the related topics. So, without further ado, let’s dive in.
First, let’s find out can you cash a business check without a bank account.
Can You Cash A Business Check Without A Bank Account?
Yes, you can cash a business check without a bank account. However, the amount you can cash will be limited.
Business checks can be named in two ways. They are
- Business checks that are made to individual names.
- Business checks that are made to a business name and address.
When a business check is made to an individual or it contains an individual name then it can be easily cashed at a bank or credit union without an account. These types of checks can also be cashed at check-cashing shops, grocery shops, or even online.
On the other hand, if a business check is made to a business or contains the name of a business then it can not be cashed at a bank or credit union without a business checking account. Because banks can not verify if the business is owned by an individual or by a group of people. So, they are hard almost impossible to cash.
But sometimes grocery stores and check cashing shops accept checks that are made to your business name. You will need an ID and proof the business is owned by you only to cash them. However, the amount you can cash will be limited to $5,000.
Also, Check Where can I cash a check made out to my business
Can Anybody Cash A Business Check?
No, anybody can not cash a business check. To cash a business check the check either have to be in your name or in the name of your business.
Anybody can not cash a business check. Even if the person has a business bank account. Because the name of the business and the account name of the business must match along with the endorsement signature.
Now let’s find out how can I cash a check made out to my business without a business bank account.
How To Cash A Business Check Without Bank Account
Cashing a business check with your name is pretty straightforward. Just go to a check cashing place with your ID and cash it. However, cashing a business check made out to your business can be quite difficult. Here is one way to do it.
- Go to a grocery store or check cashing shop.
- Provide your ID and the check.
- Then provide proof that you are the sole owner of the business.
- Let the cashier verify the check.
- Receive the check fund.
This method might not work for all grocery stores or check-cashing shops. But if it works then you can only cash smaller amounts or amounts below $5,000.
So, if you are unable to cash it following the above method then try this instead.
- Call a bank or credit union and ask what you will need to open a business checking account.
- Go to the bank along with your documents and apply for a business checking account. It should not take more than 15-20 minutes.
- Wait for your account to get approved. It can take 2-4 weeks.
- After your account gets approved endorse and deposit the business check.
- Then withdraw the amount using an ATM.
This might take a long time. However, this might be your only shot at cashing the business check if the amount is high.
By now we have found out How do I cash a check made out to a business. But is it possible to cash business check online instantly?
Yes, it’s possible and even PayPal allows it. So, How to cash a business check on PayPal?
How To Cash A Business Check On Paypal
To cash a business check in your business name instantly using PayPal you must have a PayPal business account. Because PayPal personal accounts only accept checks that are made in your name.
So, if you have a PayPal Business account then follow the below steps to cash business check on PayPal
- Log in to your account and tap wallet.
- Then select cash a check.
- Enter the check amount and endorse the check using your sign.
- Take a picture of both sides of the check.
- Then hit submit.
Within a few hours, the check fund will be added to your account.
By this time we have found how to cash a business check without a bank account. Now let’s look at some of the related questions.
Here are some of the frequently asked questions related to this topic.
Can I Cash A Business Check at Bank Of America Without An Account?
Yes, you can cash a business check at Bank of America without an account only if the check is in your name and you have a valid ID. Otherwise, the bank won’t cash the check.
Can I Cash A Business Check at Chase Without An Account?
Yes, it’s possible only if the check is in your name. In case the check is in your business’s name then Chase won’t cash it without a business checking account.
How Do I Deposit A Check Made Out To A Business?
Here is how to cash a check made out to a business
- Go to the bank where the business has a business checking account
- Endorse the check with the exact signature as the bank account
- Then tell the bank teller the business account number and show your ID.
- After that instruct the bank teller to deposit the check.
In case, you are not the business owner then it might not be possible to deposit the check.
Cashing a business check without a business checking account can be almost impossible. Though there are a few ways to do it. But there is no assurance that you will be successful. Moreover, you can only cash a limited amount following the methods.
So, it is suggested to open a business checking account if you own a business. It will make your check cashing journey a lot easier.