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HOFFMAN ESTATES, Ill., Sept. 9, 2013 /PRNewswire/ -- Kmart announced today its launch of check cashing service for Shop Your Way members and customers at store locations nationwide.  For a low fee of $3 or less, including some locations with no fee, members can present a valid identification card with their check and receive cash for government checks (up to $2,000), payroll checks (up to $1,500) and personal checks (up to $400).*

According to the 2011 Federal Deposit Insurance Corporation (FDIC), more than one in four households (28.3 percent) are either unbanked or underbanked, conducting some or all of their financial transactions outside of the mainstream banking system.  About 8.2 percent of U.S. households, or nearly 10 million, lack a bank account.**  

"With the addition of check cashing to our Kmart financial services portfolio, our Shop Your Way members now have the convenience of cashing checks where they shop, saving them time and money," said Jai Holtz, vice president, financial services, Sears Holdings. "Along with Kmart's other financial services offerings, including Layaway, walk-in bill pay, money transfer, money orders, ATMs and prepaid debit cards and reloads, we are providing one-stop shopping for our members' needs."

Free Layaway – In-store and Online

Kmart continues to increase the financial products available to its members, including expanding its layaway program to online and mobile. Now through Nov. 23, Kmart will waive layaway fees,*** both in-store and online, to provide its members an alternative solution to credit cards during the holiday shopping season. From the comfort of their home, customers can initiate a layaway contract online and choose to ship their purchases home or pick up their purchases from their selected Kmart.  Shipping is free for purchases over $59.  Members can also initiate contracts and pick up their merchandise in-store or have select items delivered to their doorstep.*

Sears and Kmart remain the only retailers to offer layaway nationally, both online and in-store; there is no minimum purchase and products from most departments are eligible, including apparel, electronics, toys, home, footwear and more. Shop Your Way members even earn points on layaway purchases -- and membership, as always, is free and easy.

For more information on check cashing, please visit . For layaway, please visit, .

About Kmart
a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a mass merchandising company and part of ShopYourWay, a social shopping experience where members have the ability to earn points and receive benefits across a wide variety of physical and digital formats through .  Kmart offers customers quality products through a portfolio of exclusive brands that include Sofia by Sofia Vergara, Jaclyn Smith, Joe Boxer, Route 66 and Smart Sense. For more information visit the company's website at |Sears Holdings Corporation website at .| Facebook:

*Check Cashing
Acceptable IDs:  State-Issued Driver's License/State ID Card, US Passport/Passport Card, Military ID, Green Card, Tribal ID, Mexican Matricula Consular.  Types of Checks Accepted/Check Limits:  Government checks up to $2,000; Payroll checks up to $1,500; Personal checks up to $400.  Availability and service fees vary by location, please visit kmart.com/checkcashing.

**2011 Federal Deposit Insurance Corporation (FDIC) National Survey of Unbanked and Underbanked Households from September 2012

***Layaway
Cancellation fees apply. Offer valid on new Kmart layaway purchases made on 9/8/2013 through 11/23/2013. Requires down payment and bi-weekly payments. Free Layaway promotion will waive $5 service fee on an 8-week contract and $10 service fee on a 12-week contract at Kmart on 9/8/13 through 11/23/13. All fees nonrefundable. Not available at all Kmart or Sears stores. Twelve-week layaway option available on purchases of $300 or more. Exclusions apply, see store for details.

Shipping costs start at $5.95, and home delivery starts at $69.99. Layaway will not qualify for free shipping or free delivery deals that are running on the website for this season.

Free Shipping Disclosure
FREE Standard Shipping on orders of $59 or more applies to mailable items Sold by Kmart AND Sears. This promotion is not eligible with international orders. Excludes Clearance items, Christmas Trees and Decor, Tires, Pools and Accessories, Trampolines, Outdoor Playsets, Kids Outdoor Vehicles, Wagons, Easels, Art Desks, Kitchen and Housekeeping Playsets, Treadmills, Ellipticals, Pilates Machines, Home Gyms and Weight Sets, Rowers and Steppers, Inversion Tables, Exercise Bikes, Bikes and Accessories, Scooters, Backboards and Rims, Game Room Tables and Tents. Offer applies to merchandise shipped via normal UPS ground service only (most items under 150 lbs). Offer does not extend to items purchased from landsend.com, Sears Parts Direct, Sears licensed partner websites, digital services, Sears Presents, and Shop At Home catalogs. Free shipping value varies by ship to location. Items shipped via lowest cost or ground shipping method. Lowest cost and ground shipping methods only apply to orders shipped to the US continental 48 states, and the District of Columbia (does not apply to shipments to Alaska, Hawaii, Puerto Rico, Guam, Canada, Mexico, the U.S. Virgin Islands or to Military APO/FPO addresses). Products over 35lbs cannot be shipped to APO/FPO locations - all APO/FPO shipments are USPS. Estimated offer value ranges from $6.80 to $64. Offer excludes shipping costs on Oversized Shipping or In-Home Oversized Shipping Items.

SOURCE Kmart