David’s Check Cashing Policy Guide

FT Contributor  | 

David’s Financial Corporation has been in business for over half a century, providing critical financial services to several districts of the greater New York City area including Brooklyn, Harlem, and Queens.

David’s offers a variety of services including direct deposit, bill payment, money transfers and check cashing. It’s that last one that we’re interested in here.

If you live downstate and you’re looking for alternative locations where you can cash a check after bank hours, you can head to the nearest David’s Check Cashing place in order to quickly and easily turn that check into cold hard cash.

What Types of Checks Will David’s Cash?

Before you plug “David’s Check Cashing near me” into your GPS, make sure that they’ll be able to cash the particular check you have.

David’s claims to cash several different check types, including:

  • Payroll checks.
  • Tax refunds.
  • Money orders.
  • Attorney’s checks.
  • Insurance drafts.
  • Government benefits.

As long as your check falls into one of these categories, you should be good to go. However, be warned that cashing commercial checks may incur slightly higher fees.

How Much Does David’s Charge to Cash a Check?

Of course, cashing a check at a third-party location like this is never free. However, David’s fees are quite reasonable, especially if the amount is larger. A $1,000 check, for instance, costs just over $20 to cash, coming out at approximately .02% of the check total.

If you’re looking to cash a smaller check, though, the fee goes up. It always costs at least $1.00 to cash a check, which means anything under $50.00 is going to be over that .02% threshold.

If you’re wondering what the specific fee will be for your own check, you can use their online calculator before visiting a location. Simply plug in your total and hit “Calculate” and you’ll see the cost pop up in the “Fee Total” window.

Remember that this number is based on payroll and government checks. Commercial checks are still subject to higher fees. If you want to see the fee for a commercial check, you’ll need to physically bring it to a location.

David’s Money Services Hours

Even David’s can’t stay open all day long — not all locations, anyway. Before you visit the nearest check cashing center, make sure to check the store hours.

For instance, if you’re looking for a David’s Check Cashing in Bronx, NY, you’ll have five locations to choose from. While they’re all typically open at least from 9 AM to 5 PM, their hours vary wildly before and after those time slots, especially depending on the day of the week or weekend.

On the other hand, there are locations in both Brooklyn and New York proper that are open around the clock. All that to say, make sure to check the hours of operation for each branch.

How to Cash a Check at David’s

Make sure you’re aware of how to cash a check at David’s Check Cashing before you stop by a branch as well. While fairly straight forward, you’re going to want to make sure that you have the following, especially on your first visit:

  • The check you want to cash.
  • A valid photo ID — e.g. a driver’s license, passport, state ID, or green card)
  • Your Social Security Number — this isn’t always required, but you should have it ready.

Make sure to endorse the check before depositing it. Also, if you’re a business looking to cash a commercial check, you’ll need to complete a commercial application, either for a sole proprietorship or a corporation or partnership.

Refer-A-Friend Program

Finally, we have the refer a friend program. If you refer a new customer to David’s and they cash a check, you’ll be able to cash up to $600.00 for free. It’s as simple as that!


Image Source: https://depositphotos.com/

This post was updated November 7, 2019. It was originally published November 7, 2019.