Cash a Check

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Cash a Check

To deposit a check at a bank other institution and to receive cash in exchange. For example, suppose Joe writes Bob a check for $10. Rather than place the check in the bank, Bob may go to his bank, present the check, and receive $10 in cash. The bank then directs the check to Joe's bank and receives $10 from Joe's account to compensate itself for the cash it gave to Bob.
References in periodicals archive ?
OTHER INCOME IS $50K ON LOTTO & $240K FOR CHECK CASHING. THE STORE IS RUN 100% ABSENTEE.
Tom Nix, founder of Nix Check Cashing, credited the NCUA in his latest book for the successful sale of his payday lending business to the $3.1 billion Kinecta Federal Credit Union in Manhattan Beach, Calif., after failed attempts to sell it to banks.
Nix detailed his experiences with Nix Check Cashing, the largest check cashing chain in Southern California, in his new book, "Nixland: My Wild Ride in the Inner City Check Cashing Industry." Despite armed robberies, L.A.
BANKING AND CREDIT NEWS-April 3, 2013--Regions Bank to deploy ATMs with check cashing capability(C)2013 M2 COMMUNICATIONS http://www.m2.com
Check cashing at Regions DepositSmart ATMs is an extension of fee-based check cashing services offered in branches, a part of Regions' Now Banking service.
M2 EQUITYBITES-April 3, 2013--Regions Bank to deploy ATMs with check cashing capability(C)2013 M2 COMMUNICATIONS http://www.m2.com
We offer innovative products such as electronic conversion; collection, recovery and settlement solutions; and check cashing services.
For the last four years, Anna, who earns her living working temporary jobs, has cashed her paychecks at one of New Haven's 10 check cashing stores, such as X-Bankers, which sits half a block away.
Thank you for the opportunity to provide the views of the Board of Governors of the Federal Reserve System on legislation relating to the Community Reinvestment Act (CRA), the Government Check Cashing Act of 1989, and the Basic Banking Services Access Act of 1989.
Knowing this volume makes the company susceptible to fraudulent check rings and criminals, Kroger partnered with biometric identification leader BioPay to ensure the identity of its check cashing customers and protect the company from potential check fraud.
High Volume Check Cashing business w/Strong profits.
C STORE IN BOCA ON MAJOR ROAD NETS $334,500 OTHER INCOME IS $50K FOR LOTTO & $240K FOR CHECK CASHING. THE STORE IS RUN 100% ABSENTEE.