Do You Need a License to Cash Checks?
Check cashing is one of the most heavily regulated financial services in the United States. But with Cashman's host location model, you earn the fees while we handle every compliance requirement.
The Problem: Check Cashing Compliance Is a Full-Time Job
If you wanted to offer check cashing on your own, here's what you'd need to handle:
- Money Services Business (MSB) registration with FinCEN
- State-specific check cashing licenses ($1,000–$25,000+ per state)
- Anti-Money Laundering (AML) compliance program
- Currency Transaction Reports (CTR) for transactions over $10,000
- OFAC screening on every transaction
- Record retention for 5+ years
- Know Your Customer (KYC) verification procedures
Violations can result in fines of $25,000+ per incident, license revocation, or criminal prosecution.
The Solution: Cashman's Host Location Model
When you host a Cashman kiosk, you're not the check casher — we are. Cashman holds all necessary licenses, registrations, and compliance programs. Your store simply provides the space and earns commission on every transaction.
What Cashman Handles for You
Our dedicated compliance team and automated systems manage every regulatory requirement — so you can focus on running your business.
- All federal and state licensing and registration
- Real-time OFAC and fraud screening on every transaction
- Automated CTR filing when thresholds are met
- Complete KYC verification via ID scanning
- Digital record retention for all transactions
- Regulatory updates pushed automatically — no action required from you
Compliance FAQ
Common questions about licensing, regulation, and compliance for check cashing kiosk hosts.
Have more questions? Check our full FAQ page or learn about our products.
Zero Compliance Burden. Maximum Fee Income.
Let Cashman handle the regulations while you collect the commissions.