References in periodicals archive ?
While some banks may immediately cash some government checks and many will cash checks drawn on their own accounts, they are not in the check cashing business.
The difference between conventional banking and check cashing explains why a Fleet Bank opening across the street didn't cut into Consiglio's business.
Cashing checks accounts for 65 percent of Consiglio's cash flow, and it's the core service that brings in customers, who cash a total of around $500,000 a week.
"You don't have to be too smart to open up a check cashing store," says U.S.
"You can think of check cashing outlets as tailoring services to meet those needs."
PIRG and the National Consumer Law Center, found that the annual cost of cashing a $320 weekly paycheck ranged from $160 to $960.