Can you cash a loan check?
Ok so i took out a loan for my apartment that i move into on saturday, unfortunately thats when i will be getting the loan. So i was wondering if it would be possible to just cash the check right away or not??
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You can only cash it if the bank the check is drawn on is local so you can present it in person to the teller.
If you have to go to your bank, they may not give you the entire amount. They may only give you $100 or so, and then release the rest of the funds on Monday.
Only other way I can see you getting this cashed is either pay a fee to a check cashing place, or if it is a cashiers check.
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Perhaps - at the bank it's drawn on. Not likely at any other bank.
Once the check is issued, there is no reason why it cannot be cashed.