Venmo adds a check cashing feature, waives fees for stimulus checks

Venmo adds a check cashing feature, waives fees for stimulus checks

3 years ago
Anonymous $y15ULlV7sG

https://techcrunch.com/2021/01/04/venmo-adds-a-check-cashing-feature-waives-fees-for-stimulus-checks/

Venmo this morning announced it will begin to offer a new check cashing service, “Cash a Check,” in the Venmo mobile app. The feature, which is being rolled out to select users starting today, can be used to cash printed, payroll and U.S. government checks, including the new stimulus checks, the company says. Though typically there will be fees associated with the Cash a Check feature, Venmo says these are being waived on stimulus funds for a limited time.

To be eligible to use Cash a Check, Venmo customers will need to have either Direct Deposit or a Venmo Debit Card enabled on their account, location services turned on, and a verified email address.

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