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'We cash cheques'

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Chie | 23:55 Fri 21st Sep 2007 | Personal Finance
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A new shop has opened near me which claims to 'cash cheques with no credit checks'. What does this mean? If you're given a cheque, will they cash it for you so you don't have to go to the bank and wait?
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Avatar Image Ethel
Yes they will - for a hefty fee.
23:59 Fri 21st Sep 2007
Avatar Image sammy snake
Agree with Ethel - they will cash any cheque but take a large percentage of the value as their fee. So unless you are really desperate, it just isn't worth it.
02:45 Sat 22nd Sep 2007
Avatar Image buildersmate
These organisations are more useful to folks with overdrawn bank accounts that don't want the bank to extract their money immediately a cheque is paid in.
10:42 Sat 22nd Sep 2007
Avatar Image mycats
I dont understand how it works though. If you have a cheque made out to you, how can they cash it?
01:34 Wed 26th Sep 2007

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