According to the latest figures from the Federal Deposit Insurance Corp., almost 6 million U.S. households were “unbanked” as of 2023. That means that no one in the household has a checking or savings ...

Back-room exchanges of money at a check-cashing business. Young men using fake names, IDs and Social Security numbers to set up sham subcontracting companies to cash checks through the businesses and ...

In a world of direct deposits and money transfer apps that make sending and receiving cash easy and instant, paper checks ...

The Ohio Department of Commerce Division of Financial Institutions (DFI) has issued a one-year suspension of SAMCO Financial Services Corporation’s check-cashing license.

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. Writing checks allows ...

Cashing a check typically involves going to a bank or other financial institution to turn the check into cash. However, for people without a bank account, this process may not be straightforward. A ...