Are there check cashing guidelines or best practices for the industry?
Any reputable check cashing provider will abide by certain guidelines, or best practices, in order to provide you with the safest and most satisfying check cashing experience. Knowing what to look for is key to knowing exactly who you’re doing business with, and if they’re the right choice. While we offer our suggestions on how to choose a check cashing provider, as a consumer it’s important to understand what a business should be doing for you. Here’s what to look for: Truthful Advertising The check cashing provider should be clear and honest in all advertisements and signage. All fees should be displayed clearly so there is no guessing what you will be charged. No Law Conflict The check cashing provider should operate in accordance with all laws in your state of residence. Honest Fees Any fees you are subject to should not be any more than is regulated by state law. Consumer Education The check cashing provider should freely provide you with information regarding their practices and
