Wal-Mart to cash economic stimulus checks for free

BENTONVILLE, Ark.—Wal-Mart says it won't charge a fee to cash customers' economic stimulus checks.

The world's largest retailer said Tuesday that no purchase will be required. Wal-Mart typically charges up to $3 to cash payroll or government checks.

Wal-Mart Stores Inc. says customers can also, without charge, load the stimulus checks onto the company's Wal-Mart MoneyCard, which acts as a prepaid debit card. The company's Sam's Club warehouse stores will also cash the checks at no charge.

The tax rebates are expected to reach 130 million households. The payments range up to $600 for individuals and $1,200 for married couples, plus $300 per child for eligible parents.