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Cashing stimulus checks without a bank

Discussion in 'Other Debt, Collection, Garnishment' started by azref2627, Apr 24, 2020.

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  1. azref2627

    azref2627 Law Topic Starter New Member

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    I'll be getting $1,200 in the form of a check soon. I've got everything bad against me - debt collectors, judgments, overdrawn bank accounts, etc. If I take the check into a bank am I able to cash it for the full $1,200? It's been so long I don't even know which bank or banks I've overdrawn at in the past.

    Thanks
     
  2. Tax Counsel

    Tax Counsel Well-Known Member

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    If you don't owe that bank any money you'll be fine cashing the stimulus check. The bank may impose a fee for the service, though, so you might not come out with the entire $1,200.
     
  3. azref2627

    azref2627 Law Topic Starter New Member

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    My uncle is getting $2400 for him and his wife from the stimulus package. They just got a default judgment against them on Mar 9 but not sure it's gone beyond that (not sure if you even get notification that your bank account is being seized).

    His SSI is the only thing deposited into this account. His wife has her own account for her SSI. He gets $1500 per month from SSI. From the article below it says his account will be fine if he gets the $2400 via direct deposit (current balance is $145). It this accurate?

    Here's the article:

    Special Strategy for At-Risk Social Security, SSI, and VA Beneficiaries
    A special strategy for those at risk of garnishment is available for recipients of Social Security, SSI, Veterans, or certain other federal benefits. A U.S. Treasury rule exempts from garnishment an amount in a bank account or Direct Express card equal to two months of federal benefit payments for that individual. See 31 C.F.R. § 212; NCLC’s Collection Actions § 14.5.4.

    The protected amount in a consumer's account need not be traced to the federal benefits—that dollar amount is protected no matter its source. If two months of federal benefits for a Social Security recipient is $2000, the account will be fully protected from garnishment if there is only $800 in the bank account before the stimulus payment is deposited. Once the $1200 is deposited, the total amount will still be less than $2000. Before the next Social Security or other benefit payment is deposited, however, the recipient will need to withdraw additional amounts to keep the new balance under $2000. Fortunately, benefit payments come on a predictable date each month, such as the second Wednesday of the month.
     
  4. azref2627

    azref2627 Law Topic Starter New Member

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    Is there a way to find out if I owe a bank money prior? It's been 15 years and my credit report has gotten items deleted from it multiple times so it's not accurate at all.

    Thanks
     
  5. army judge

    army judge Super Moderator

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    Walmart advertises that a stimulus check can be cashed for FREE at most (perhaps all) of their thousands of US based stores.

    Other large grocery chains advertise the same thing.
     
  6. army judge

    army judge Super Moderator

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    I don't know if the article is accurate, because all your uncle need do is as I suggested you do:

    Walmart advertises that a stimulus check can be cashed for FREE at most (perhaps all) of their thousands of US based stores.

    Other large grocery chains advertise the same thing.
     
  7. adjusterjack

    adjusterjack Super Moderator

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    Locking this thread because the question has been answered and the uncle thing is discussed in the other thread:

    Garnishment
     

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