Venmo has added a new Cash a Check feature to its mobile apps for Android and iOS.
Venmo has added a new feature that will allow select users in the US to cash checks including their latest stimulus check directly from the money transfer app. The company’s “Cash a Check” feature can be used to cash printed, payroll and US government checks from the safety of your home. While using the feature would normally require users to pay check cashing fees, Venmo is waiving all fees on stimulus checks for a limited time. In order to be eligible to use Cash a Check, Venmo users will need to have either Direct Deposit or a Venmo Debit Card as well as a verified email address and location services enabled on their smartphone. In a statement to TechCrunch, SVP and GM of Venmo Darrel Esch explained that the new feature will allow users in the US to access their stimulus money quickly and safely, saying: “We know that with health and safety top of mind for many, having a safe way to access stimulus payments is essential for many of our customers, especially those who are receiving paper checks and traditionally would have to visit a physical check-cashing location.
