NEW CHECK-CASHING RATES
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Effective July 1, 2018, at Illinois Currency Exchanges (Updated June 2022)
The cost to cash a check is now determined by check type in addition to check amount.
- If you’re cashing a payroll check for $1000 or less, you may see a small increase of less than $1.
- If you’re cashing a personal check, which is a check handwritten to you by another person, for $1000 or less, you may see a larger increase from $1 to $7.50.
- If you’re cashing a public assistance check for $500 or more, you should see a decrease of more than $3. The new rate is capped at 1.50% of the amount of the check.
Complete List of Rates
The new rate schedule, as compared to the old rate schedule, is reflected below.
Checks less than or equal to $100.00
| Type of Check | Old Maximum Rate | New Maximum Rate |
| Public assistance | 1.40% + $1 | 1.50% |
| Government check (e.g., EITC*) | 1.40% + $1 | 2.40% + $1 |
| Printed paycheck | 1.40% + $1 | 2.40% + $1 |
| Personal check | 1.40% + $1 | 2.45% + $1 |
| All other | 1.40% + $1 | 2.40% + $1 |
Checks between $100.01 and $1250.00
| Type of Check | Old Maximum Rate | New Maximum Rate |
| Public assistance | 2.25% | 1.50% |
| Government check (e.g., EITC*) | 2.25% | 2.33% |
| Printed paycheck | 2.25% | 2.33% |
| Personal check | 2.25% | 3.00% |
| All other | 2.25% | 2.40% |
Checks greater than or equal to $1250.00
| Type of Check | Old Maximum Rate | New Maximum Rate |
| Public assistance | 2.25% | 1.50% |
| Government check (e.g., EITC*) | 2.25% | 3.00% |
| Printed paycheck | 2.25% | 3.50% |
| Personal check | 2.25% | 3.50% |
| All other | 2.25% | 3.50% |
**EITC = Earned Income Tax Credit