For the longest time banks was the place everyone would cash their payroll, business, or personal checks. In recent years though that has been changing as cash checking companies are now joining the fray. Most banks will check to see if you have an account with them, and if you do not they may access a fee against you. This is one of the main reasons check cashing companies has seen a big growth. People are looking for alternatives to banks and right now it seems the answer for now.

Check cashing services many times go much deeper then just cashing your paycheck or personal checks. These companies also offer services such as payday loans, title loans, money orders, bill pay and other services as well. Payday loans have become popular in recent years and cash checking companies have played a lead in this market. This one stop option where you can get most everything you need has really appealed to customers and has help its growth. Cash checking companies observe banking hours, but many are also open later to accommodate customers who need the extra time.

Just like a tradition bank to use these check cashing services you will need proper identification. Most will take fingerprints along with a driver’s license or state ID as proper identification. Some of these services will only accept payroll checks and not personal checks so you may have to look around to find one that will cash personal checks. Some of these also offer direct deposit to their customers loading the money on a debit card that lets you access almost any ATM. Direct deposit and debit cards in recent years have become real popular and capitalizing on this market as well.

The fees associated with check cash tend to be a little higher then you may pay somewhere else. This is how they make some of their money. Most people do not mind the higher fees, because they need a check cashed immediately. With longer hours then banks you can see why services will continue to grow in popularity.