Beyond Check-Cashing: An examination of consumer demand and business innovation for immediate access to check funds

Despite their gradual decline in use, checks remain prevalent, accounting for 33% of non-cash payments in the United States by face value. As long as checks exist, so will the need for immediate access to check funds. High quality check-cashing services must meet consumer demand. This research paper seeks to understand the business opportunity for check-cashing, and what drives consumer loyalty for these services.