Where can I cash a settlement check?

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where to cash a settlement check

If you’ve received a settlement check and you’re wondering where to cash it, there are a few options. You can go to a bank, a check-cashing store, or even a grocery store. However, each option comes with its own fees and limitations, so doing some research can help you save some money.

Here, you’ll learn:

Restrictions on where you can cash a settlement check.

There are some restrictions on where you can cash an insurance settlement check. For example, some banks and credit unions have limits on the amount you can deposit via mobile app. Similarly, you may be able to cash the check at the bank that issued it. Additionally, if you deposit your settlement check at a bank, depending on the bank, it may take a couple of days or weeks before the full amount shows up in your account. 

Grocery stores and check cashing places that allow settlement checks to be cashed will ask you to provide at least two forms of ID, and they have limits on the amount they can provide in cash. For instance, some check cashing places can cash checks up to $5,000, while others have limits lower than $5000. 

When will I be able to cash or deposit my settlement check?

Once you reach a successful conclusion on the personal injury case, it means you and the defendant are agreeing to the terms of a settlement offer. Once both parties sign a settlement agreement, it will take the defendant approximately 30 – 60 days to send your settlement check in the mail to your attorney’s office, which can total hundreds or thousands of dollars. Depending on the amount, you’ll be able to cash it or deposit it as soon as your attorney finishes paying all your liens and distributes the balance to you. All you really have to do is sign the back of the check and bring it to the cashing location or a bank.

Direct deposit is not an option in these cases.

You can get a lawsuit loan while waiting for a settlement check.

If your case has been settled, but you have not received the settlement funds yet, and you need money now, lawsuit funding may be an option to look at. Here are some reasons that may help you decide whether this type of funding is for you.

Access to Immediate Cash 

Pre-settlement lawsuit funding can provide you with immediate cash relief. Applying is simple, and the process only takes a day or two. If your funding application is approved, you will receive an advance on your settlement the day you get approved to help you cover those urgent expenses while you wait for your settlement check to arrive.

Repay only if you Win the Case

Lawsuit funding is non-recourse, which means you will repay the amount you received if you have successfully defended your claim and obtained a settlement or an award. This is mainly useful for people who have pending lawsuits since then there is no repayment if the case is lost.

Fast and Simple

The process for pre-settlement lawsuit funding is easy and typically takes 24 – 48 hours. This process just requires that you have a valid settlement case and for your to work with the lender during funding evaluation. 


Once you cashed or deposited your settlement check, your personal injury case finally ended. At this stage, you will have received the damages that you have demanded from the defendant, and now you can move forward from your personal injury case into a new life.

Sounds like a nice deal, doesn’t it? However, personal injury settlement payments can take some time to finalize. For this reason, if you need a lawsuit loan while you wait for your settlement check, Baker Street Funding has a competent team of specialists as part of its staff to help you every step of the process.

Apply for pre-settlement funding today for a free analysis of your case, and upon approval, pay your financial liabilities while you are waiting for your settlement money.


Can I cash a settlement check at my bank?

When you receive a personal injury settlement check, cashing it at your own bank may give you access to some of the funds immediately. However, all of the money will not be available immediately. You may have to wait days or weeks, depending on your bank’s restrictions.

Where can I cash a settlement check without a bank account?

If you don’t have a bank account or need access to cash right now, check-cashing stores and grocery stores are an option. However, they can have real high fees.

Can my lawyer cash my settlement check?

Your attorney cannot cash your settlement check.

At Baker Street Funding, we give you the inside scoop on pre-settlement funding by covering a variety of ... financing and legal topics to help you made the best financial decision for you and for your case. Our experts break down complex ideas in a way that's easy to understand so you can stay informed on current trends as well as tips and fact checked information by the CEO and founder, Daniel Digiaimo. Furthermore, Despite its name, consumer legal funding is not a loan. If you don't win your case, no payment needs to be made back. To avoid confusion and simplify matters on, we'll use the word "loan" throughout this article.

Select a legal funding service to get started. 

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