How much does Money Mart charge to cash a cheque?

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Want to cash a cheque at Money Mart? You’ll pay a simple fee of $2.99 plus 2%-3% of the cheque’s value. For example, if you cash a $1,000 cheque, you’ll end up with about $967.01, after a $32.99 fee. It’s a quick way to access cash while managing your money effectively. Have questions? Reach out via phone, text, or live chat for assistance!

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Money Mart Cheque Cashing Fees Question

How much does Money Mart charge to cash a cheque? I’m considering using Money Mart to cash a cheque but want to know what fees they charge.

From: Anonymous Question
Location: Richmond Hill, Ontario (ON)
Category: financial planning

Money Mart Cheque Cashing Fees Answer

At Money Mart, if you’re looking to cash a cheque, expect to pay a straightforward fee of $2.99 along with an additional charge that could vary between 2% and 3% of the cheque’s total. For instance, if you’re cashing a $1,000 cheque, you’d end up with about $967.01 in your pocket after paying roughly $32.99 in fees. It’s one way to get quick access to your cash while staying on top of your finances but payday loans should only be used in absolute emergencies and even then, they should be avoided! They are predatory and charge 340% interest per year. 340%! Don’t get sucked in.

From: Insider Adam

Office of the Superintendent of Bankruptcy (OSB) Answer

For accurate and up-to-date fee information, it’s recommended to check Money Mart’s official website.

From: OSB Helper

Related Questions to How Much Money Mart Charges To Cash A Cheque

Here are the top 5 most frequently asked questions related to the fees charged by Money Mart for cheque cashing, based on the provided sources and general online trends:

1. How much does Money Mart charge to cash a cheque?

Money Mart’s cheque cashing fees typically range from 2% to 3% of the cheque’s value, plus a flat minimum fee for smaller cheques[1][3][5].

2. Are there additional fees for certain types of cheques at Money Mart?

Yes, there may be additional fees for third-party and foreign cheques due to verification processes[1][3][5].

3. What is the process for cashing a cheque at Money Mart?

To cash a cheque, visit a Money Mart location, present your cheque along with a valid ID, and receive cash minus any fees[1][3].

4. Are there alternatives to cashing cheques at Money Mart?

Yes, alternatives include direct deposit, cashing cheques at a bank, or using prepaid debit cards, which may come with lower fees[1][3].

5. How long does it take to get cash from a cheque at Money Mart compared to a bank?

At Money Mart, you can get cash immediately, but at a bank, there may be hold periods of up to 7-8 business days for cheques over $1500[3].

If you have a question about debt see our debt questions or ask your own debt related question.

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