What is a Check Cashing Service?
A check cashing service may refer to a large or small company that will cash one’s check for a fee. A personal bank also cashes checks, and some do so at no cost to the consumer. With direct deposit, there are now many banks that will quickly cash checks without fees. However, the check cashing service offered by a check cashing company often also doubles as a short-term loan facility, offering money in advance of a paycheck for a percentage of the paycheck.
