How Much Does It Cost To Cash a Check at PAYOMATIC?

1. Effective January 25, 2023, the new check cashing rate is 2.20%. A typical example is $2.20 for a $100.00 check. The rate is established and regulated by the New York State Department of Financial Services.

2. Effective January 25, 2023, the new check cashing rate is 1.5% on checks issued by a Federal or State government agency for the payment to the bearer of Federal or State monetary assistance, Social Security, unemployment compensation, retirement, veteran's benefits, emergency relief or housing assistance, or a tax refund and 2.20% On all other checks, drafts, or money orders. A typical example is $1.50 for a $100 check or $2.20 for a $100.00 check. The rate is established and regulated by the New York State Department of Financial Services.