A Check Cashing Store is a multi functional establishment that offers many financial related services. The most well known service is check cashing. Clients can cash multiple types of checks that include: pay roll, social security, unemployment, Income tax return, and personal. A small percentage of the check is kept as a nominal fee. Money orders can be cashed as well as purchased. Money orders are a secure way to handle financial transactions, because of the traceable receipt customers receive at the time of purchase. If the money order does not make it to its destination, or if it is lost, stolen, or damaged; a replacement money order is provided. Money orders can usually be purchased for less than one dollar.
Another service offered by the Check Cashing Store is the pay day loan. Pay day loans are a convenient way to handle an unexpected financial emergency, but should not be used as a long term solution to any financial difficulties. A client's eligibility for a pay day loan is based on income. Eligibility can give a client a loan from fifty to five hundred dollars. The loan terms range from seven to thirty-one days with an annual percentage rate (APR) range of 286.7%-390.8%. That may seem like a lot but it really breaks down simply. If a loan is $500, and is paid back in one payment, the payment will be $554.94. That is an APR of 286.7% It is obviously best to pay the loan back in full as soon as your payment is due if at all possible.
Money transfers are handled at all locations through Western Union. Transfers can be sent, and cash is given immediately for received transfers. Western Union decides the fees charged for a transfer, but there is not a fee to cash in a received transfer. This is a reliable service whether it is local, state to state, or worldwide.
Notary Public and fax services are provided as well as the ability to pay certain utilities. Customers can even do something as simple as purchasing postage stamps.
Cash for gold services are offered at certain locations to any customer that wants to sell a jewelry piece for cash. Gold is measured by troy ounce which equals approximately 31.10 grams. Gold purity is measured in karats. A karat is the ratio of gold in a piece of jewelry or coin. Once the piece is appraised a cash offer will be made. Many people hold on to jewelry for sentimental value, even if they no longer wear the piece. A cash for gold service is an excellent way to obtain needed cash without going into debt to get it.
People from all walks of life choose this way to handle their money instead of a bank for varying reasons. Whatever the reasons a Check Cashing Store is a convenient way for customers to multi-task many things at once. By using its services wisely customers can avoid paying exorbitant and unnecessary fees.
