Why do people choose to cash checks with FiSCA member locations when they have a bank account?
Although 58% of FiSCA members’ customers maintain at least one bank or credit union account, the increasing cost of fees and minimum balance requirements in checking and savings accounts makes the use of banks, credit unions and other financial institutions expensive and difficult to manage for consumers. Thus, these consumers turn to Financial Service Centers as an alternative which provides convenient and affordable ways to manage their finances.
