Currency Exchange Check Cashing Fees- Most Recent Rates In 2024

Currency exchange charges a 1.4% plus $1 fee for cashing checks below $100 and 2.25% plus $1 for cashing checks exceeding $100.

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Currency Exchange is a well-established company in Illinois known for its money services, transportation, and payment services. However, they also cash checks. In fact, according to recent reports they cash 23 million checks annually! But what are the Currency Exchange check cashing fees? 

Well, it’s hard to tell. Because there are different rates at different locations. But don’t worry. In this post, I’ll talk about Currency Exchange check cashing fees and everything related to it in detail. So, you will get a good estimation.  

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Currency Exchange Check Cashing Fees

Currency Exchange Check Cashing Fees

Currency Exchange cash checks at a maximum of 1.4% plus $1 fee for checks below $100 and a 2.25% plus $1 fee for checks that are over $100. They charge a maximum of 1.5% fee for government welfare checks. 

However, the rates might be different depending on your location. Because all the Currency exchange locations are individually owned and operated. As a result, the owner of a location can set a fee according to his/her will. 

But According to  Illinois law,

The maximum check cashing fee for $100 can be no more than 1.4% of the check amount plus $1, and for those over $100, it’s 2.25% of the check amount plus $1.

As most of the Currency Exchange locations are located in Illinois. So, they can not charge more than the law lets them.  

For your convenience, we have created a currency exchange check cashing fees chart with the maximum values. 

Currency Exchange Check Cashing Fees Chart

Below here is a chart for Currency Exchange Check Cashing Fees for different amounts

AmountTotal FeeRateTotal Amount You Receive

This is the maximum amount Currency Exchange can charge you for check cashing. However, with a little searching and a bit of effort, you can easily find Currency Exchange locations that charge less than this fee.  

By now we have found out how much does currency exchange charge to cash a check and currency exchange check cashing rates for different types of checks. 

Now let’s find out What do I need to cash a check at a currency exchange?

What Do You Need To Cash A Check At A Currency Exchange?

According to Currency Exchange, to cash a check you will require a

  • Government Verified Identity cards such as Passport, State ID, or Driving license 
  • Valid Check

So, they are similar to any other check-cashing store. However, sometimes they also accept secondary ID cards such as employment ID, TIN number, or SSN.  But what type of checks do they accept? 

Types of Checks that Currency Exchange Accepts 

Currency Exchange accepts all types of checks. So, Currency Exchange will cash your 

  • Payroll Checks
  • Government Welfare Checks
  • Tax Refund Checks
  • Cashier Checks
  • Personal Checks
  • Insurance
  • Business Checks
  • Accounts Receivable
  • Travelers’ Checks
  • Pension Checks
  • Unemployment
  • Workmen’s Compensation
  • 401(K) Rollover
  • Money Orders

The fees are the same for almost all the checks except government welfare checks. Because it does not have the extra $1 service fee. 

By now we have found out everything about currency exchange cash check fees. Now let’s look at some of the related queries. 


Here are some of the frequently asked questions related to currency exchange check cashing fees. 

Does Currency Exchange Cash Personal Checks?

Yes, currency exchange cashes all types of personal checks. So, you can cash two-party checks, third-party checks, and even handwritten checks at a Currency Exchange location. Moreover, the fees are the same for all checks.   

Can I Get A Cashier’s Check At Currency Exchange?

Yes, you can get a Cashier’s Check cashed at any Currency Exchange location. Moreover, they accept all types of Cashier’s Checks. 

How Do I Avoid Check Cashing Fees?

Unfortunately, there is no easy way to avoid check cashing fees. However, some banks and credit unions do not charge their customers for cashing a check. So, if you are someone who needs to cash checks a lot then open an account in such a bank or credit union. 

In Summary 

Currency Exchange check cashing fees are much lower compared to retail stores. So, if you are from Illinois and need to cash a check then go to the nearest Currency Exchange with your ID card and get instant cash.  

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