At Amscot, you can request a cash advance on your next paycheck without a credit check. Loans with this company range from $50 to %500, and you can pay it back with your next paycheck and a fee. That’s what they offer because they don’t give loans.
To request your advance, you must transcribe the document and write a post-dated check to complete the application in person, directly at the office in your city. On the corresponding payday, Amscot will cash it as a refund.
Amscot Check cashing fees
You must cover the fees to cash a check at Amscot; the fee depends on your check type and the amount requested. The average prices are between $2 and $14.95.
On the other hand, when a certain percentage is charged, they can range from approximately $1 to $9.9. In addition, regardless of the type of check, you will have to cover a fee of $3. For example, if you have a $700 payroll check, your payment will be $13.65. On a $300 check, you will have a commission of $7.60, meaning that most payroll checks will pay about $2.
The method of cashing a check at Amscot
The checks cashed at Amscot are personal, handwritten, insurance, computer, cashier’s, government, traveler’s, money orders, out-of-state and international.
To cash your check, you must visit one of the retail stores to receive cash for your check by visiting one of the Amscot locations during regular business hours.
Make the presentation of the eligible check and present a government-issued photo ID. For the procedure, you must provide information to the agency representative, such as your social security number and date of birth.
Now all you need to do is propose the payment amount with the applicable fees, and you will be able to receive the cash instantly.
Benefits of acquiring a cash advance with Amscot
One of the main benefits is that some branches are open 24 hours a day, you can visit both day and night, that way, they can offer funding in a real emergency.
On the other hand, no automatic renewals prevent you from getting caught in a debt cycle by having a constant loan renewal. Furthermore, it doesn’t affect your credit when you apply, and if you don’t pay the cash advance, it won’t affect your score either.
The verification fee is lower than the state limit, which remains at $2, less than half the legal limit for this amount in Florida.
Is the Amscot loan application safe?
If you take the proper care, it will be safe; it does not need any personal information online and does not need many documents to access the benefit.
For added security, it is a member of the Community Financial Services Association of America and is licensed by the Florida Office of Financial Regulation.