Check cashing businesses are very expensive to use. Shop around for a bank or credit union with free or low-cost checking and savings accounts. Check if there are ways to avoid fees. It might be things like keeping a certain amount of money in your account or setting up automatic direct deposits. Many credit unions are open to anyone in the neighborhood and sometimes have better offers than banks do. You may want to start with a small savings account.
If you have a bank account, you can usually cash checks for free. You save money on check cashing fees, and you can improve your credit rating. If you get an ATM card, be sure to keep track of what you spend so you don’t spend more than is in the account. ATM fees can add up fast!! You may avoid these fees by using ATMs owned by your bank or credit union.
If you use checks, don’t write a check for more than you have in the account. The bank AND the person you wrote the check to can charge you fees. Fees can be $35 or more. These fees add up and can make your next checks bounce too. Writing a check for more than you have in your account can also be a crime.