Forget What You Thought You Knew About Commercial Check Cashing

Over the last year, I’ve been approached numerous times with the question, “what makes commercial check cashing different from retail?” Even right down to their processes, commercial and retail check cashing appear nearly identical to the untrained eye. However, this commonality is misleading. In fact, there are several defining factors of commercial check cashing that…

The Great Recession of 2008…and its Benefits?

The financial crisis of 2008 – we’ve all heard of it, we’ve all been affected by it, but do we really know why it happened? And, do we truly understand how it has affected our country’s view of handling finances? While there were a bunch of events that led up to the financial crisis of…

The Scoop on Commercial Check Cashing

When talking about commercial check cashing, many financial institutions become tongue-tied. It can be difficult to quantify the industry’s platform, and can be even more difficult to differentiate between a good platform and one that is so-so. In response to this, I’ve devised a list of a few key points to sum-up commercial check cashing,…

The Smaller the Risk, the Bigger the Reward

 Many retail check cashers view the commercial check cashing industry as a vast landscape of impassable territory.  But let me show you the reality before you pass judgment.  According to a check cashing industry report, the average check amount cashed at a retail check cashing location is between $500-$600. Walmart’s average fee rate is 2%-4%,…