To cash a check and get your money in minutes, the fee is 2% for payroll and government checks with a pre-printed signature and 5% for all other accepted checks, with a $6 minimum fee per check.
We will review your check for approval in a few minutes, although in some instances it can take up to an hour. If your check is approved, we send your money in minutes to your MoCaFi account so you can immediately make purchases, pay bills or access cash at an ATM.
Alternatively, you can choose to get your funds in 10 days for no fee and your money will be credited to your MoCaFi account if your check is approved and is not returned unpaid during the 10-day period. This option can be good when time is on your side and you don’t need us to take the risk on the check. We cover the cost of check clearing and settlement, as well as transaction processing to provide a no-fee option when that is all you need.