Question

Check cashing businesses do not require that an individual be an account holder; they will cash any valid check. True False

Answer 1

Answer:

  True.

Explanation:

  Check cashing businesses provide customers with an easy way to turn their checks into cash without having to rely on a bank account.

  These types of businesses will cash any valid check, not prior scrutinize the check-in different ways to avoid fraudulent transactions and possible scams. Once the employee oversees the check it would tell the customer how much they´ll give in cash and what they´ll charge in fees.

  I hope this answer helps you.

Answer 2

True. Free trade means they can't refuse to give you cash for a check. If you want the check deposited to an account, that's another story.