Is there a reason for a bank customer to ever consider a cheque-cashing service?

1. Is there a reason for a bank customer to ever consider a cheque-cashing service? It’s my view that the majority of the people that use traditional banks as against check-cashing services are better served by the items that traditional banks provide today instead of the items provided by check-cashing services today. Mostly all the traditional banking services users; people with checking accounts and savings accounts are mostly in it for security, reliability and convenience. They need a secure place to place their money, and that they want to be ready to conveniently use that cash to pay their bills and for other expenses. Banks cover these needs alright , and for several banking customers, that’s all they need .

2. I put myself into this category of individuals who are better served by the relative offerings of the normal banking system . I don’t particularly have a requirement for the relative advantages of check-cashing services in my life. Once I take a check to the bank, I generally don’t need the funds immediately; actually , most checks are just deposited automatically into my account and that I don’t need to believe it. Once I want to spend that cash , again, I don’t want to travel to a bank location to try to do so. I just want to be ready to pay a bill online or write a check or something like that. We also don’t usually engage in a behavior that racks up fees and we also don’t overdraft our accounts, since we rarely use ATMs in the least, and that we use the free checking option at my bank, honestly we don’t see many fees in the least . To put it simply, there’s no need or want to travel to a location and pay a fee to possess a check cashed immediately , and that we don’t get much value out of

3. customer service with an individual behind the counter. Those things don’t provide any significant value to us. That’s to not say that these factors are true for everybody . Some people do have a requirement for immediate check-cashing services, like a little contractor who must pay his workers immediately (as described within the article). Some people do have a requirement for permanent customer service at the teller window, like an individual for whom English may be a second or third language and they’re having trouble understanding some documents (again, as described within the article). Some people do struggle with fees, like an individual who is basically struggling to form ends meet and keeps getting whammied by overdraft charges. conclusion: All of those people, and lots of more, may get more value out of check-cashing services than the normal banking industry. For me, however, there’s more value and fewer fees within the offerings at a standard bank.