Do Check Cashing Business charge outrageous fees?
There is a common misconception that the financial service industry charges their customers extremely high fees for their services. The fact is, this notion is far from being true. In many cases, the fees that check cashing business charge are even lower than what banks and traditional financial institutions charge for check cashing services to their non-customers. Furthermore, the competition among competitors in the check cashing industry in recent years has driven down fees dramatically, and the vast majority of the fees that check cashers charge for cashing checks are well below the fee limits that states put these businesses.
