Stimulus checks cashed without fees
The Illinois Department of Professional and Financial Regulation, IDFPR, has worked with banks to provide services for unbanked Illinoisans who are seeking to cash their stimulus checks without incurring check cashing fees.
The banks provided the service during the first round of stimulus checks and IDFPR secured the same agreement for the second round of stimulus checks.
The FDIC estimates that over 22 percent of Illinois households are under or unbanked.
Many of these Illinois households will once again be receiving paper stimulus checks and will have few check cashing options that won’t incur fees.
IDFPR has announced a number of banking institutions that are able to work with non-customers on cashing their stimulus checks for free.
Participating banks include Bank of America, First Midwest, Fifth Third, Huntington, Wells Fargo, JP Morgan Chase and U.S. Bank.