Third Party Cheque Cashing is growing quickly in the UK. More and more customers are using this service on regular basis. We feel that this service may be of assistance, as at sometime in their lives, most people experience some form of financial mishap. As more and more people become informed about what we do, more and more people say, " I wish I had known about this service before".
There is still a large amount of the population that have probably seen a Cheque Cashing Company, but still have no idea of what we do and how it works. If they did know, we are sure that the majority would find it a useful service that they could take advantage of.
The majority of our Cheque Cashing customers do actually have active bank accounts. The main reasons for using our Cheque Cashing services are, for example:
- Customers who are paid their wages by cheque, but don't want to wait till the following week for bank clearance.
- High value cheques from loan companies etc. Again, this money is generally required quicker by the customer than the five working days it would usually take in their bank account.
- Customers whose bank accounts are overdrawn, meaning that their bank would effectively swallow up the cheque to repay the overdraft.
- Small businesses who occasionally experience cash flow problems due to late payments made to them. Due to this, they very often can't wait for cheques to clear due to their own commitments, such as paying staff wages and material costs.
- And obviously, the customer with no bank account.
So don't get stressed or worried about cheques not clearing quick enough, put cash in your account and cover those pending direct debits.
The cheque cashing process is very quick and simple. We require identification from each customer and the cheque. Some basic checks are done and our database searched, meaning that most cheques can be dealt with and cashed within 5 minutes. For further information on "what it costs", "identification required and why" and the "Data Protection Act", please click here
