'We cash cheques'

[Chie]

A new shop has opened near me which claims to 'cash cheques with no credit checks'. What does this mean? If you're given a cheque, will they cash it for you so you don't have to go to the bank and wait?

[Ethel]

Yes they will - for a hefty fee.

[sammy snake]

Agree with Ethel - they will cash any cheque but take a large percentage of the value as their fee. So unless you are really desperate, it just isn't worth it.

[buildersmate]

These organisations are more useful to folks with overdrawn bank accounts that don't want the bank to extract their money immediately a cheque is paid in.

[mycats]

I dont understand how it works though. If you have a cheque made out to you, how can they cash it?