How to Cash a Large Check Without a Hold (Or Even a Bank Account)

Short Answer: When you cash a large check, banks often place a hold on the funds, meaning it can take some time before you can actually collect your money. Cashing a large check can be done without dealing with a hold at some banks, check cashing stores, and grocery stores. Depending on where you go, you may need to pay a check cashing fee of around $2 to $10, or a percentage of the check amount. Below, find out how to cash a large check without a hold and even how to cash a large check without a bank account.

How to Know If You’ll Have a Problem Cashing a Large Check

Bank deposits and check cashing activities are governed by Regulation CC, a Federal Reserve banking regulation that governs the availability of funds and collection of checks. The Federal Reserve Board’s financial institution guide to compliance with Regulation CC defines large checks as any amount greater than $5,000.

Regulation CC rules state that for checks $5,000 and under, the first $200 must be made available by the next business day after the deposit is made, and the remaining funds must be available two business days after the deposit.

For large checks over $5,000, banks can delay the availability for a “reasonable period of time.” The time period considered “reasonable” is two business days for large checks drawn from one of the bank’s own accounts (“on-us” checks), and up to seven business days for all other checks.

For example: If you have a KeyBank check for $6,000 and you deposit the check at KeyBank, the entire amount must be available within two business days. However, if you deposit the $6,000 KeyBank check at Wells Fargo, you’ll have $200 available the next business day and the remaining funds may take up to six more business days (for a total of seven) to clear. And, do banks report large check deposits? Yes.

Because of this regulation, you may be able to get the funds from a large check faster by cashing it at the issuing bank, rather than your own bank (unless you have an account at the issuing bank). The bank or credit union that issued the check will typically cash large checks — although there is usually some kind of fee involved. Decide which is more important to you: no fees or no wait?

Tips for Cashing Large Checks

If you are expecting a large check, there are a few things you may be able to do before receiving it in order to avoid having a hold placed on the funds:

  • Request that the business issuing the large check deposit the funds directly into your bank account via wire transfer. Direct deposit funds are made available immediately when the bank receives them.
  • Ask for a cashier’s check in place of a business check. Unlike other types of checks, the Federal Reserve requires banks to make at least $5,000 of a deposited cashier’s check available by the next business day following the deposit. Banks also don’t typically place holds on large cashier’s checks because the funds are guaranteed by the issuing bank rather than a personal or business account.
  • If you have a long-standing bank account and have been a customer in good standing at your bank, you can talk to a bank manager and ask them not to place a hold on the funds from your large check, or to cash the check outright rather than depositing it. In some cases, a bank may consider making exceptions for long-term customers who are cashing checks from established companies or institutions, such as U.S. Treasury checks, insurance checks, or checks issued directly by other banks.

Where to Cash a Large Check Without a Hold + Where to Cash a Large Check Without a Bank Account

Need a large check cashed right away? The following places will cash large checks without placing a hold on the funds, although most charge a small fee for this service. We’ve included banks and credit unions that will cash large checks for non-customers, as well as check cashing stores and grocery stores that cash large checks.

Banks and Credit Unions

Unless you have an account at the bank or credit union that issued your large check, the fastest way to cash high-dollar checks is to go to the issuing bank. Below, we have compiledthe list of banks and credit unions that will cash large checks for both account holders and non-customers. The following banks and credit unions will cash checks of virtually any amount.

Note: Account holders can cash or deposit large checks for free at their own banks, but many financial institutions charge a fee for non-customers to cash checks drawn on their bank.

Bank of America

  • Large checks cashed for non-customers: Bank of America issued checks; all checks printed with magnetic ink (not home printed), including government, payroll, tax refund, and cashier’s checks
  • Check cashing fee for non-customers: $8 per check
  • Requirements: Two forms of ID, including one valid photo ID
  • Source: Bank of America financial center FAQ and customer service
  • Find a Bank of America

Find out more in our dedicated article: Cashing a Large Check at Bank of America

Bank of the West

  • Large checks cashed for non-customers: Bank of the West issued checks
  • Check cashing fee for non-customers: Free for cashier’s checks or checks drawn on a government agency account; $7.50 per check for all other large checks (Bank of the West checks under $50 are free)
  • Requirements: Valid photo ID
  • Source: Bank of the West Schedule of Fees and customer service
  • Find a Bank of the West

BB&T Bank

  • Large checks cashed for non-customers: BB&T issued checks, including personal and payroll
  • Check cashing fee for non-customers: $8 per check (all checks over $50)
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a BB&T Bank

BMO Harris Bank

  • Large checks cashed for non-customers: BMO Harris issued checks
  • Check cashing fee for non-customers: $10 per check (all checks over $50)
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a BMO Harris

Chartway Federal Credit Union

Chase Bank

  • Large checks cashed for non-customers: Chase Bank issued checks; personal, payroll, government, tax refund, and cashier’s checks
  • Check cashing fee for non-customers: $8 per check
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a Chase Bank

Learn more in our dedicated article: Chase Bank Check Cashing Policy

Citibank

  • Large checks cashed for non-customers: Citibank issued checks; other large checks may be cashed at the bank’s discretion
  • Check cashing fee for non-customers: Free for Citibank checks up to $5,000; fees for other checks vary according to check type and amount
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a Citibank

Citizens Bank

  • Large checks cashed for non-customers: Citizens Bank issued checks (except third-party checks)
  • Check cashing fee for non-customers: $7 per check
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a Citizens Bank

Connexus Credit Union

  • Large checks cashed for non-customers: Connexus issued checks
  • Check cashing fee for non-customers: Free
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a Connexus Credit Union

Fifth Third Bank

  • Large checks cashed for non-customers: Fifth Third Bank issued checks; personal, payroll, government, tax refund, and cashier’s checks
  • Check cashing fee for non-customers: 1% of the total check amount (maximum $4 fee)
  • Requirements: Two forms of ID, including one valid photo ID
  • Source: Customer service
  • Find a Fifth Third Bank

First National Bank

  • Large checks cashed for non-customers: First National Bank issued checks; other large checks may be cashed for non-customers at the bank’s discretion
  • Check cashing fee for non-customers: $10 per check
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a First National Bank

HSBC

  • Large checks cashed for non-customers: HSBC issued checks; other large checks may be cashed for non-customers at the bank’s discretion
  • Check cashing fee for non-customers: $3 for checks up to $100; $5 for checks over $100; free for HSBC personal checks
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find an HSBC

KeyBank

  • Large checks cashed for non-customers: KeyBank issued checks; personal, payroll, government, and tax refund checks
  • Check cashing fee for non-customers:
    • Regular KeyBank branches: $7 per check
    • KeyBank Plus Centers: 1.5% of the total check amount
  • Requirements: Valid photo ID
  • Source: KeyBank Plus Check Cashing page and customer service
  • Find a KeyBank
    • KeyBank Plus centers are available in CO, IN, ME, NY, OH, and OR.

M&T Bank

  • Large checks cashed for non-customers: M&T Bank issued checks; other large checks may be cashed for non-customers at the bank’s discretion
  • Check cashing fee for non-customers: 3% of the total check amount (minimum $3 fee)
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find an M&T Bank

Mountain America Credit Union

  • Large checks cashed for non-customers: Mountain America Credit Union-issued checks
  • Check cashing fee for non-customers: Free
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a Mountain America Credit Union

Navy Federal Credit Union

  • Large checks cashed for non-customers: Navy Federal Credit Union issued checks
  • Check cashing fee for non-customers: Free
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a Navy Federal Credit Union

PenFed Credit Union

  • Large checks cashed for non-customers: PenFed issued checks
  • Check cashing fee for non-customers: Free
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a PenFed Credit Union

PNC Bank

Regions Bank

  • Large checks cashed for non-customers: Regions Bank issued checks; handwritten, payroll, government, insurance, tax refund, business, two-party checks, out-of-state checks, and money orders
  • Check cashing fee for non-customers: 1% to 4% of the check amount, depending on the type of check; 5% of the total for money orders
  • Requirements: Non-customers must apply for a free Regions Now card online or at any Regions Now branch. You’ll need a valid photo ID, email address, Social Security number, and a source for funding (such as a debit or credit card) to get a Regions Now card.
  • Source: Regions Now Banking Check Cashing page
  • Find a Regions Bank

SunTrust Bank

  • Large checks cashed for non-customers: SunTrust Bank issued checks; personal, payroll, government, insurance, tax refund, business, out-of-state, and third-party checks
  • Check cashing fee for non-customers: $7 for all SunTrust-issued checks and 1% to 3% of the total amount for all others
  • Requirements: Valid photo ID
  • Source: SunTrust Bank Cash Checks Services page
  • Find a SunTrust Bank

TD Bank

  • Large checks cashed for non-customers: TD Bank issued checks
  • Check cashing fee for non-customers: $7 per check
  • Requirements: Valid photo ID
  • Source: TD Bank help center
  • Find a TD Bank

U.S. Bank

Wells Fargo

  • Large checks cashed for non-customers: Wells Fargo issued checks
  • Check cashing fee for non-customers: $7.50
  • Requirements: Valid photo ID
  • Source: Wells Fargo Community and customer service
  • Find a Wells Fargo

Check Cashing Stores

The majority of check cashing stores will cash large checks. Fees for cashing large checks at check cashing stores typically vary depending on the type and amount of the check being cashed, so call ahead to your nearest location and ask for details on the fee for your specific check. Also note that check cashing stores are almost always more expensive than a bank or credit union.

ACE Cash Express

Advance Financial (Tennessee)

  • Limit: None
  • Fees:
    • Payroll and government: 1% to 2.99% of total check amount; minimum $3 for payroll and $2 for government checks
    • Money orders and personal checks: 10% of total check amount; minimum $5
    • All other checks: 1% to 5% of total check amount; minimum $5
  • Requirements: Valid photo ID
  • Source: Advance Financial Check Cashing FAQ
  • Find an Advance Financial

Check Into Cash

Check ’N Go

  • Limit: Varies by store, based on how much cash it has on hand
  • Check cashing fees: Starting at 1.99% of the total check amount. Fees vary store by location, check type, and amount.
  • Requirements: Valid photo ID
  • Source: Customer service
  • Find a Check ’N Go

Community Financial Service Center (CFSC)

  • Limit: Varies by store, based on how much cash is on hand
  • Fees: Vary according to store location, check type, and amount
  • Requirements: Valid photo ID
  • Source: CFSC Check Cashing Service page and customer service
  • Find a CFSC

Friendly Check Cashing (North Carolina)

Money Mart

Mr. Payroll

  • Limit: Since Mr. Payroll locations are franchised, restrictions my vary by store; however, the stores we contacted either said there is no set limit as long as the check is approved.
  • Fees: Vary according to store location, check type, and amount
  • Requirements: Valid photo ID
  • Source: Mr. Payroll Frequently Asked Questions and customer service
  • Find a Mr. Payroll

Pay-O-Matic (New York City)

PLS Check Cashing

Speedy Cash

The Check Cashing Store (Florida)

United Check Cashing

USA Check Cashing Store (California)

Grocery Stores

Not many grocery stores will cash checks greater than $5,000, as they don’t typically have a lot of cash on hand. Grocery store check cashing limits are usually much lower, but there are a few that will cash large checks. For this list, we’ve included grocery stores with limits of at least $5,000 for check cashing.

H-E-B Grocery (Texas)

Kroger

Note: The Kroger family of stores includes Baker’s, Dillons, Fred Meyer, Fry’s Food, King Soopers, and Ralphs.

Walmart

  • Limit: $5,000; check cashing limit increases to $7,500 from January through April
  • NOTE: Check cashing at Walmart is limited to $2,000 in Florida and not available in NY, NJ, or RI
  • Check cashing fees: $3 for checks up to $1,000; $6 for checks over $1,000 up to $5,000
  • Requirements: Valid photo ID
  • Source: Walmart In-Store Check Cashing page
  • Find a Walmart

In Summary

And that’s how to cash a large check without a bank account There are several options available to you if you have a large check to cash but would like to avoid a hold, even if you don’t have a bank account. Keep in mind that banks do report large check deposits, and may charge a fee to cash a large check if you are a non-customer. In most cases, you can cash a large check at the issuing bank or credit union for a fee. You may also be able to cash your large check at a check cashing store or some grocery stores. Finally, you can negotiate with the business issuing you the check for a form of payment that will clear faster, such as a wire transfer or cashier’s check.