Take it to a bank and tell them you want to make a cash advance from it. Cash advances against a credit card is an expensive way of getting money, You are going to get hit with a 2-3% fee and many times they have a 26% interest charge by Discover.
Banks DO have $5000 available, so don't worry about that. It's probably best if you take it to your bank.
Is someone has $5000 in the bank, they will be able to cash a $5000 check IF the bank has $5000 sitting around to give him. But most banks don't have this kind of money, you have to order it which will take 2 or 3 days.
What do you need the money for? Can you do a wire transfer?
Or contact Discover to see what kind of options they have.
Do not criticize Rick B. He has a ton more insight than you do. We also know that people confuse want with need. Or, sometimes it is cheaper to pay a fine or fee for paying a few days late than to take a cash advance.
My personal bet is that you can get nowhere near a $5,000 cash advance from your Discovercard.
What an amazingly horrible idea. Why would you want a $5,000 cash advance on a credit card? That will cost a fortune!
You can't. No bank is going to cash a $5000 check on the spot.
That depends on their bank. Considering its a holiday unlikely. If they trust that your check is good, Wednesday should be the latest the funds are available for them.
They can cash it at a bank and get the money immediately
