Broadway Financial logo

Broadway Financial in Brooklyn, NY

2.3/5

Broadway Financial is a check-cashing and cash advance service located in Williamsburg, Brooklyn, offering quick access to funds through check cashing, money orders, and wire transfers.

Data compiled from public sources · Rating from CreditDoc methodology

Broadway Financial Review

Broadway Financial operates as a financial services provider in the Williamsburg neighborhood of Brooklyn, New York, positioned at the intersection of Broadway and Berry Street. The company has been serving the local community as a check-cashing and cash advance business, providing essential financial services to consumers who may not have traditional bank accounts or need immediate liquidity.

The company offers a range of services centered on check cashing and money movement. Based on available information, Broadway Financial provides check-cashing services, cash advances, money orders, and wire transfer capabilities. These services are designed to provide quick access to funds for customers who need immediate cash or need to send money to other locations. The business operates with a focus on convenience and speed in processing these transactions.

Broadway Financial distinguishes itself through its physical presence in a high-traffic neighborhood and local accessibility. The company maintains a direct phone line and established location, suggesting reliable in-person service and face-to-face customer interaction. Operating in the Williamsburg area, the business serves a diverse population that may include immigrants, self-employed individuals, and unbanked consumers who rely on alternative financial services.

As a check-cashing service, Broadway Financial should be understood as a transactional financial intermediary rather than a lender or credit-building resource. Customers should be aware that check-cashing fees, money order charges, and wire transfer costs apply and should be clarified before use. The company does not appear to offer credit products, loans, or services designed to improve creditworthiness. This is an appropriate choice for immediate cash needs but not for consumers seeking credit access or debt solutions.

Services & Features

Bill payment services
Cash advances
Check cashing
In-person financial transactions
Local financial services
Money orders
Quick cash access
Wire transfers

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Located in accessible Williamsburg neighborhood near Broadway and Berry Street intersection
  • Offers multiple money movement services including checks, money orders, and wire transfers
  • Provides same-location cash advance services for immediate liquidity
  • Established local business with direct phone contact available
  • Serves unbanked and underbanked populations who lack traditional bank access
  • Physical storefront allows for in-person service and customer support

Cons

  • Check-cashing services typically charge percentage-based fees that reduce net cash received
  • Wire transfer and money order fees may be higher than bank alternatives
  • No credit-building or lending products available for customers seeking credit access
  • Limited online information about specific fee schedules and service terms
  • As an alternative financial service, not regulated or insured like traditional banks

Rating Breakdown

Value
2.0
Effectiveness
1.5
Customer Service
2.2
Transparency
2.0
Ease of Use
3.9

Frequently Asked Questions

Is Broadway Financial legitimate?

Yes. Broadway Financial is a registered company, headquartered in 100 Broadway, Brooklyn, NY 11249.

Quick Facts

Headquarters
100 Broadway, Brooklyn, NY 11249
BBB Accredited
No
Starting Price
Contact provider
Setup Fee
None
Money-Back Guarantee
No

No Website Currently Available

CreditDoc Diagnosis

Doctor's Verdict on Broadway Financial

Broadway Financial is best for consumers in the Williamsburg area who need immediate access to cash or basic money movement services without a traditional bank account. The primary caveat is that this is a transactional service provider with associated fees, not a lender or credit-building resource, and should not be used as a primary banking solution for long-term financial management.

CFPB Transparency Report

Public data from the Consumer Financial Protection Bureau

Issues Resolved
100%
Timely Responses
100%

Source: consumerfinance.gov | Last checked 2026-04-11

Best For

  • Unbanked and underbanked individuals without traditional bank accounts
  • Immigrants and international workers needing wire transfer services
  • Self-employed and gig workers needing immediate cash access
  • Customers in the Williamsburg area needing quick money movement services
Updated 2026-04-29

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