What is a check cashing store?


Quick Answer

Check-cashing stores cash checks for a fee. U.S. News & World Report notes that such stores cater to those who are unable to obtain conventional bank checking accounts.

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What is a check cashing store?
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Full Answer

According to U.S. News & World Report, check-cashing stores charge fees in variety of ways, from those that take a percentage of the check value to those that charge flat fees per transaction. Some charge flat fees as well as a percentage of each check. While some customers find such services worth the cost, others are likely to find them expensive, particularly if they are attempting to cash checks for $1,000 or more.

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