Check Cashers for Massachusetts Consumers
A check casher is a business that cashes a check for a fee. Any place of business charging consumers greater than $1 to cash a check is required to obtain a check cashing license by the Division of Banks. Generally, cashing or depositing a check with a bank or credit union will result in the lowest fees for the consumer.
- What Consumers Should Know About Check Cashers
- Relevant Statutes & Regulations for Check Cashers
- Additional Check Cashers Resources for Consumers
What Consumers Should Know About Check Cashers
- There are no caps on fees check cashers may charge, as long as all fees are properly disclosed prior to the completion of a transaction.
- A receipt must be provided with each check cashing transaction.
- The check casher's license should be prominently displayed, along with the business hours of operation and complete fee schedule.
- To receive a license from the Division of Banks, check cashers must demonstrate a need for their business and that the facility has adequate security to ensure consumer safety.
- Check cashers may refuse to cash a check.
Relevant Statutes & Regulations for Check Cashers
- 209 CMR 45.00: The Licensing And Regulation Of Check Cashers
- Massachusetts General Laws Chapter 169A: Licensing of Check Cashers
Additional Check Cashers Resources for Consumers
- Check Cashers Report
- Download a List of Approved Licensees
- Verify a Licensee using the Nationwide Multi-State Licensing System (NMLS)