Industry DEMOGRAPHICS

A typical United customer is a community resident needing access to financial services after banking hours and who is primarily looking to cash a payroll or government benefits check, an insurance draft or a check written as compensation for personal services performed.

United Check Cashing centers address the needs of the workforce of America.

Our customers are people who work in retail and service industries such as hotels, restaurants, chain stores, line manufacturing and health care facilities. They may also provide personal services like home cleaning, landscaping, daycare, auto repair and home improvements. They work in local industrial parks, shopping malls and with other businesses in your neighborhood.

The US workforce continues to grow annually. The U.S. population continues to diversify as immigrants from many countries still seek the lifestyles and opportunities available in America. Many of these newcomers and their preceding ethnic groups are not comfortable with banks and prefer to manage their money on a simple cash basis. United believes that these trends should continue to fuel the demand for non-traditional financial services.

“At a bank, customers are required to maintain sufficient funds in an account to cover a check, and/or they’re forced to wait a few days for the check to clear. If the check bounces, the customer’s account is docked, and the customer is assessed a hefty penalty fee. To avoid these inconveniences, many people have decided not to deal with a bank, but instead to patronize a check cashing outlet. Across the board, customers of these outlets prefer to pay a fee than to wait for their cash, or take the chance of paying a penalty for a bounced check.” – Successful Franchising