LocationsWhat Are the Benefits of Check Cashing?
Check-cashing sounds simple, right? Grab your latest paycheck or that birthday check from your grandma that’s been sitting on your dresser. Bring it to a South Suburban Currency Exchange (SSCE), and have it converted to cash within minutes. Just about anyone can take advantage of this service, and it saves you the hassle of walking into a bank only to find out you need an account to cash it there.
Maybe because it’s so simple and because it’s one of the older financial services around, the upsides of these transactions can be lost on some of the folks who haven’t yet taken advantage of them. Generally, just about any type of check can be cashed, including:
- Payroll
- Business
- Government
- Tax Refund
- 401(k)
- Insurance
- Workmen’s Compensation
- Money Orders
No Bank Account? No Problem!
Check cashing at Currency Exchanges isn’t all that uncommon. Over half of “unbanked” adults in the US used check-cashing services or other alternative financial services in 2019. Maybe that’s because places like SSCE don’t require you to have a bank account to cash your checks. Bank accounts can come with many rules and headaches, and monthly account maintenance fees are just the start.
Forget the hassle. Check cashing is a piece of cake. Just:
- Call your nearest SSCE location for hours and ID requirements.
- Bring in your check.
- Don’t forget to bring a photo ID.
- Walk out with your cash in your pocket.
Check Cashing Is Super Convenient – Just About Any Type of Check Accepted
Businesses that provide check-cashing services have several advantages over traditional banks, which is what draws so many people to check-cashing locations every day. Here are some benefits of check cashing that anyone can appreciate:
- Immediate access to funds
- No background checks needed
- Avoid typical banking fees
In today’s world, if there’s something you need done that involves money, then there’s a service that will do it for you. For instance, SSCE also offers something called SecureCheck™ Direct Deposit, a program that can send your check electronically to the Currency Exchange closest to you. Typically, this service can handle everything from payroll checks to your government benefit checks (like Social Security, VA disability compensation, Unemployment and even your pension).
Use Business Check Cashing for Your Small, South Suburban Chicago-Area Business
Small business owners often need access to business check cashing services for similar reasons – convenience and quick cash without the delays and red tape of a bank. Our four SSCE locations provide business check cashing services for companies just like yours, and we make it easy. Without any annoying holds on the money that is rightfully yours, you’ll get access to your money right away.
Some of these perks typically include:
- No dollar limits
- Cash on the spot
- Extended hours of service
Don’t forget to bring your proof of business ownership!
From Money Orders to Money Grams, Take Advantage of Other Financial Services
Here’s something else you may not know: businesses like SSCE offer a bunch of other services under one small roof. It’s your neighborhood’s best-kept secret. Whether you’re starting a home business, dealing with job-related tasks that can’t all be done at work, or simply managing a busy family and home, there are definitely some other things you can accomplish while you’re here.
Check out what else we can do for you:
- Cash or send money orders
- Send cash safely through Western Union/MoneyGram Wire Transfers
- Sign up for Electronic Utility Bill Payments
- Load cash onto your Prepaid Debit Card
- ATM Service
- Fax Service and Photocopies
- Rolled Coins/Currency
- Postage Stamps/Stamped Envelopes
Make Sure That Check is Legit
Just a quick reminder: there are laws about how checks must be signed, handled and cashed (we take care of that last part). If it’s been a while, remember to look for the date on the check. A postdated check is one with a future date written on it so that you can’t cash it right away – usually because the issuer doesn’t have the funds yet. If it’s from an individual you don’t know very well, or it’s been endorsed in your name, make sure that check is filled out properly.
SSCE cashes all types of checks: personal, business, payroll, government, insurance, and more, at four convenient locations. Find your nearest SSCE location and turn your check into cash today!
