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Check-cashing stores They may also be able to help you pay a bill, get a loan, or purchase a money order. For example, ACE Cash Express sells money orders and has over 850 locations across 23 states.
The fee to cash a payroll check, government benefit check or money order for less than $1,000 is 1% of the check amount plus $1. So, a $100 check would cost you $2 to cash.
The benefits of check-cashing stores include fast processing time — you can get the cash almost instantly. Some stores may also be open during late hours or on weekends. 4.
Check Into Cash is a financial services retailer with more than 1,100 stores in 30 states. [ 1 ] [ 2 ] The company was founded in 1993 by W. Allan Jones in Cleveland, Tennessee , where the headquarters are located today.
In New York City, these are called check-cashing stores, and they are legally exempted from the 25 percent criminal usury cap. [4] Alternative financial services are typically provided by non-bank financial institutions, although person-to-person lending and crowd funding also play a role. These alternative financial service providers are ...
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