Illinois Bankers Association

Illinois Bankers Association

IDFPR, Banks and Advocacy Groups Work Together to Provide Help in Cashing Stimulus Checks

May 1, 2020 - The Illinois Department of Professional and Financial Regulation (IDFPR) announced new options for unbanked Illinoisans seeking to cash their stimulus checks without incurring check cashing fees. The FDIC estimates that over 22% of Illinois households are under or unbanked. Many of these Illinois households will be receiving paper stimulus checks and will have few check cashing options that won’t incur fees. Working together with industry associations, advocacy groups, and individual banks, IDFPR is proud to announce a number of banking institutions that are able to work with non-customers on cashing their stimulus checks for free. 

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