By 2022, most Walmart locations will employ Telecheck, while some will switch to Certegy for check verification. Both services use information such as your ID and transaction history to determine whether or not your check will be accepted or denied. You can discover why by reviewing your records if you’ve been turned down. The cashier will ask for a government-issued picture ID when you walk to the check-out counter to submit your check. Then, the cashier will scan your ID and run it via Telecheck or Certegy for verification. In addition, a service takes your ID and bank account details and compares them to a records database.
Does Walmart Use Chexsystems?
No, Walmart does not use Chexsystems. Instead, Walmart uses Telecheck and Certegy to validate the checks.
Statistical analysis is also performed based on your check’s previous processing and approval. After completing the verification process, your check and a signed receipt will be returned to you. This receipt will tell you whether or not Telecheck accepted your check. This document provides the necessary information to contact TeleCheck or Certegy if your check is rejected.
Telecheck or Certegy does not check your account balance, as neither company has access. However, they assess the likelihood of a check bounce based on data recorded in their database and statistical analysis. Walmart uses Telecheck and Certegy at all its 4700+ locations across the country. Your banking details and personal ID are used to search the database for the records and assess the likelihood that your check is fraudulent. You could contact both companies to find out why your check was rejected.
After leaving Wells Fargo Bank in 2014, Daniel began a career as a finance consultant, advising companies and individuals on economic policy, labor relations, and financial management.
At Promtfinance.com, Daniel writes about personal finance topics, value estimation, budgeting strategies, retirement planning, and portfolio diversification.
Read more on Daniel Smith's biography page.
Contact Daniel: daniel@promtfinance.com