Customers can use Amscot for a number of financial services such as check cashing, money orders, and cash advances.
Is Amscot a money changer?
A: Amscot adheres to INFiN Best Practices and state rescission legislation. You can cancel your cash advance at no cost by simply returning the whole amount of the advance before the end of the next business day.
What happens if you fail to repay your Amscot cash advance?
A: If you are unable to repay your cash advance on time, you may be eligible for other payment plans such as the Grace Period or the Extended Payment Plan if you satisfy specific criteria. For further information, please visit an Amscot location and speak with a representative.
Is Amscot a bank or a financial institution?
Amscot is now Florida’s largest non-bank financial services company, with facilities throughout the state and an annual volume of over $8 billion in customer transactions.
Is Amscot a financial company?
Amscot Financial, based in Tampa, Florida, is an American financial services firm. Amscot Financial was founded in 1989 by Ian MacKechnie and offers non-bank consumer financial services through a network of retail locations situated solely in Florida. Check cashing, bill payment, prepaid access cards, payday loans, free money orders, ATMs in every branch, wire transfers, notary services, fax services, and mailing are among Amscot’s primary services. In the Tampa Bay, Orlando, and Miami media regions, Amscot Financial has roughly 240 branch locations.
The company employs about 2,000 people and does not franchise any of its locations.
The Tampa Bay Business Journal rated Amscot the Top Employer in Tampa in 2008.
What is the interest rate charged by Amscot?
Amscot charges $12.00 for a $100 cash advance. The price is equal to ten percent of the amount advanced, plus a $2.00 transaction verification fee. The annual percentage rate (APR) for a $100 cash advance, assuming a 14-day hold period, is 312.86 percent.
What does it cost to cash a check for $1200?
The statute that regulates check cashers in Pennsylvania clearly defines economic impact payments as a “government check.” A fee for cashing a government check in the state cannot be more than 1.5 percent of the check’s value. The maximum cost on a $1,200 individual stimulus check, for example, is $18. In exchange for the $1,200 check, the consumer would receive $1,182 in cash.
Is Amscot willing to lend you $1000?
Customers who qualify for an Amscot Installment Cash Advance can get loans ranging from $100 to $1,000. At any of our branch locations, you can apply for an installment cash advance.
Do cash advances from Amscot affect your credit?
Amscot’s service is charged on a per-transaction basis. The charge schedule for cash advances can be seen HERE. It’s quick, easy, and often less expensive than paying late fees and penalties on a past-due account. There is no credit check.