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What Check Cashing place is your first choice after a big JP win??

Topic closed. 166 replies. Last post 3 years ago by emilyg.

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Posted: January 27, 2014, 1:17 am - IP Logged

I just can't imagine paying the standard 10% fee. Anyone know where the lowest rates are and in which states?

    mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
    Los Angeles, California
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    Posted: January 27, 2014, 1:59 am - IP Logged

    Assuming you win, can't you deposit the check at your bank and avoid those fees?  Not sure what I'm missing here.


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      Posted: January 27, 2014, 2:13 am - IP Logged

      Assuming you win, can't you deposit the check at your bank and avoid those fees?  Not sure what I'm missing here.

      I know, I gotta win first, but let's overlook that small distraction for now and focus on what a person should do IF they win..

      Banks is a bad idea. FDIC is not sufficient insurance.

      So what check cashing place is your first choice?

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        Posted: January 27, 2014, 2:52 am - IP Logged

        I just can't imagine paying the standard 10% fee. Anyone know where the lowest rates are and in which states?

        This is silly.  You can easily deposit the check for free and then withdraw the whole thing once it clears.  Your money is safe,  There are multi-millionaires who receive salaries in the same amount of a JP wins and they're not in check cashing joint, believe me.  Checking cashing joints are predatory by nature and are often found in poor neighborhoods where poor people without proper financial literacy use these services.  Shame on you for posting this onlymoney, I thought you were more a higher caliber person.

             

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          Posted: January 27, 2014, 4:55 am - IP Logged

          This is silly.  You can easily deposit the check for free and then withdraw the whole thing once it clears.  Your money is safe,  There are multi-millionaires who receive salaries in the same amount of a JP wins and they're not in check cashing joint, believe me.  Checking cashing joints are predatory by nature and are often found in poor neighborhoods where poor people without proper financial literacy use these services.  Shame on you for posting this onlymoney, I thought you were more a higher caliber person.

          Agreed, once you win a large Jackpot - 10k or more.  You will be a 'good' customer of any bank and you should have no issue or problem with them.  You will have 'free' use of your money or at least any fees would be negilable. 

          Once you have that kind of money your perspective on where to go & what to do with it will change.

          Or better yest use a Credit Union! Thumbs Up

            BuyLow's avatar - palm tree.jpg
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            Posted: January 27, 2014, 5:44 am - IP Logged

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              Posted: January 27, 2014, 7:47 am - IP Logged

              I just can't imagine paying the standard 10% fee. Anyone know where the lowest rates are and in which states?

              LOL I got a bank account so mine will go there, but can you have it deposited on a green dot card or one of the many pre paid debit cards that are out there?

                schmuckatelly's avatar - half planet.jpg
                Jacksonville, Florida
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                Posted: January 27, 2014, 9:07 am - IP Logged

                I just can't imagine paying the standard 10% fee. Anyone know where the lowest rates are and in which states?

                I just can't imagine walking out of your neighborhood check cashing store with with millions of dollars in hand.

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                  Posted: January 27, 2014, 9:42 am - IP Logged

                  I just can't imagine walking out of your neighborhood check cashing store with with millions of dollars in hand.

                  LOL you cant even do that at a bank without filling out all kinds of tax forms and notifying them ahead of time that you'll be needing that amount of cash, so they can get it. So Im sure you'd never have that problem at the rinky dink check cashing place.

                    Lucky Loser's avatar - bucks
                    Texas
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                    Posted: January 27, 2014, 9:56 am - IP Logged

                    This must be purely a fun thread...it has to be. The words Jackpot win and Check Cashing Place don't even belong in the same sentence, conversation, or even thought process in my opinion. Oh, well...let's see what happens.

                     

                    L.L.

                    Small games, frequent wins, and regular payouts 'cause.....

                    There are seven days in the week...'Someday' isn't one of them.

                    #lotto-4-a-living

                      Saylorgirl's avatar - Lottery-065.jpg
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                      Posted: January 27, 2014, 10:40 am - IP Logged

                      I just can't imagine paying the standard 10% fee. Anyone know where the lowest rates are and in which states?

                      You might want to check out the one Malcolm Ramsey used in Florida.  I think he got a really good deal.


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                        Posted: January 27, 2014, 10:45 am - IP Logged

                        Wal mart charges $3.00

                         

                        or I may put in my RUSHcard

                          maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
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                          Posted: January 27, 2014, 10:47 am - IP Logged

                          I know, I gotta win first, but let's overlook that small distraction for now and focus on what a person should do IF they win..

                          Banks is a bad idea. FDIC is not sufficient insurance.

                          So what check cashing place is your first choice?

                          I got a few of those myself. Here goes
                          1. I've been thinking of getting a haircut, should I wait until I hit the jp?
                          2. Should I start looking for property in anticipation of winning the jp?
                          3. What kind of happy dance should I do as I accept my millions?
                          Please help me answer these troubling questions that keep me awake all night

                          That money's gone fo ever

                            Jill34786's avatar - Lottery-006.jpg
                            Windermere, FL/Franklin, TN
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                            March 1, 2007
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                            Posted: January 27, 2014, 12:58 pm - IP Logged

                            I know, I gotta win first, but let's overlook that small distraction for now and focus on what a person should do IF they win..

                            Banks is a bad idea. FDIC is not sufficient insurance.

                            So what check cashing place is your first choice?

                            "Banks is a bad idea. FDIC is not sufficient insurance."

                            If that's the case then simply inform the lottery officials that you don't deal or trust any bank and that you would like your payment in cold hard cash...preferably 10's and 20's placed in several dozen trash bags(in order to be inconspicuous).

                            Transport your funds via a beat up pickup truck.

                            Your money should be safe in your apartment underneath your mattress.

                            Good luck!

                            ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                              Jill34786's avatar - Lottery-006.jpg
                              Windermere, FL/Franklin, TN
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                              Posted: January 27, 2014, 1:00 pm - IP Logged

                              Looks like a keeper!

                              ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                                 
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