SPRINGFIELD (AP) – The Illinois Department of Professional and Financial Regulation (IDFPR) Friday announced new options for Illinoisans without bank accounts who are seeking to cash their stimulus checks without incurring check-cashing fees.
The FDIC estimates over 22% of Illinois households are under or unbanked. Many Illinois households will receive paper stimulus checks and will have few check cashing options that won’t incur fees.
Working with industry associations, advocacy groups, and individual banks, IDFPR announced a number of banking institutions able to work with non-customers on cashing their stimulus checks for free:
- Wells Fargo
- JPMorgan Chase
- U.S. Bank
- Fifth Third
- First Midwest
Visit IDFPR’s website to learn more.