NEW YORK?? Wal-Mart Stores Inc. said Monday that its check and card cashing service would accept more types of checks and take more forms of identification from shoppers in a move aimed at getting them to spend more at the discount chain's stores.
Wal-Mart, which already cashes payroll, government and tax refund checks for customers, will now also accept student loan, insurance and pension checks up to $5,000, among other kinds of checks. Wal-Mart does not cash personal checks.
Customers will be also able to cash payroll cards and some government benefit cards at Wal-Mart's stores.
Wal-Mart, the world's largest retailer, will also accept additional forms of identification, including U.S. passports.
Wal-Mart cashes checks and cards up to $1,000 for a $3 fee, and up to $5,000 for $6.
Walmart Financial Services head Daniel Eckert said in a statement that "it's important that they're (shoppers) able to gain access to all their cash."
Copyright 2011 Thomson Reuters. Click for restrictions.
Source: http://www.msnbc.msn.com/id/44058707/ns/business-consumer_news/
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