Check cashing services provide services to individuals who do not have a bank account in which to deposit a check and withdraw the funds. For a small fee calculated as a percentage of the check amount, the service will provide funds to the payee. Check cashing services are popular with low-paid workers and immigrants who do not have the resources or need to open a regular checking account. The services are typically found inside another business, such as a convenience store, and provide another source of revenue for the store owner. Larger services may combine check cashing services with pay day loans.
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