Cheque Cashing
Check cashing businesses, also known as money services businesses, provide customers with an easy way to turn their paycheck, or other checks, into cash without having to rely on a bank account. The lender will cash in the cheque into the bank when the cheque is due.
Process of Cheque Cashing
Business Owner
- You may receive a postdated cheque from your vendors
- You then request the vendor to write the cheque in our money lender’s name
- Background of the cheque issuer is to be assessed by us
- Borrower needs to sign some agreements to agree to reimburse the lender if the cheque bounces
- Lastly, the borrower will receive the money after deduction of handling fee and interest of the loan amount.
Salaried Employee
- For an employee, you may receive a postdated cheque from your employee for your salary
- The employer may issue you a postdated cheque as due to logistic problem, it is inconvenient to issue the cheque at the month end.
- Then, we will need to verify that the cheque is from your employee by showing past bank statement to validate your salary
- Lastly, the borrower needs to sign some agreements to reimburse the lender if the cheque bounces when it is banked in.
- After the above processes, the borrower will get the cash immediately
Where are we?
We provide loans around the Selangor area such as Klang, Shah Alam, Sunway, Puchong, Petaling Jaya, Damansara, Sungai Buloh and Rawang. Whilst in KL, we have projects such as Cheras, Putrajaya, Bukit Jalil, Ampang, KLCC, Seri Kembangan, and Seputeh.
We also have presence throughout Malaysia, such as Johor, Melaka, Seremban, Terengganu, Pahang, Kelantan, Perak, Penang and Kedah.
Conclusion
If you are currently facing financial difficulties, do not hesitate to give us a call! We truly understand the situation that you’re in and we think cheque cashing is one way of helping you solve your urgent financial difficulty.