CASA DE CAMBIO LA MONEDITA # 2 in Albuquerque, NM
Casa de Cambio La Monedita is a New Mexico-licensed money services business offering check cashing, money transfers, and bill payment across three Albuquerque locations.
Data compiled from public sources · Rating from CreditDoc methodology
CASA DE CAMBIO LA MONEDITA # 2 Review
Casa de Cambio La Monedita operates as a registered Money Service Business in New Mexico, holding state license #1920744 from the New Mexico Regulation and Licensing Department. The company is branded under Hermosillo and Nuñez of New Mexico LLC and maintains proprietary registered trademarks including "La Monedita®" and "TurboChecks®" through the USPTO.
The company provides check cashing services, money transfers through authorized partner transmitter companies, bill payment services, and specialized tax refund check cashing. They operate three physical locations across Albuquerque: 1624 Goff Blvd SW, 6205 Central Ave NW #1, and 9601 Sage Rd SW. The website indicates they are authorized delegates for multiple money transmission companies, though specific partner names are listed as "Compañías de Envíos TRANSMISORES DE DINERO" without detail.
The company distinguishes itself through bilingual services (Spanish/English), established trademarked brands, and specialized focus on tax refund check cashing. They maintain compliance documentation pages including fraud prevention information, regulatory compliance materials, and participation in the DHS Blue Campaign. The website emphasizes their state licensing and proprietary service marks as differentiators.
As a traditional check-cashing storefront, La Monedita serves customers who lack traditional banking access or need immediate check conversion. However, specific fee structures, exchange rates for money transfers, and partner transmitter companies are not disclosed on the website. The business model relies on convenience and accessibility rather than competitive rate transparency.
Services & Features
Feature Checklist
Pros & Cons
Pros
- State-licensed Money Service Business with valid NMLS #1920744 in New Mexico
- Three physical locations across Albuquerque for customer accessibility
- Proprietary registered trademarks (TurboChecks® and La Monedita®) indicating brand establishment
- Specialized tax refund check cashing services mentioned explicitly on website
- Bilingual services (Spanish and English) for diverse customer base
- Compliance documentation pages including fraud prevention and regulatory materials
- Multiple phone numbers (505-508-1380, 505-369-1689, 505-322-2936) for customer contact
Cons
- Fee structure and pricing not disclosed on website—only a generic 'Precios' link with no actual rates shown
- Money transfer partner companies not clearly identified, only vague reference to 'Compañías de Envíos TRANSMISORES DE DINERO'
- Limited service detail on website; no information on check hold policies, maximum check amounts, or ID requirements
- Website appears under-maintained (includes 'filler@godaddy.com' sign-in visible and repetitive content blocks)
- No online check cashing or remote services mentioned; customers must visit physical locations
Rating Breakdown
Frequently Asked Questions
Is CASA DE CAMBIO LA MONEDITA # 2 legitimate?
Yes. CASA DE CAMBIO LA MONEDITA # 2 is a registered company, headquartered in CASA DE CAMBIO LA MONEDITA, 6205 Central Ave NW suite 1, Albuquerque, NM 87105.
Quick Facts
- Headquarters
- CASA DE CAMBIO LA MONEDITA, 6205 Central Ave NW suite 1, Albuquerque, NM 87105
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on CASA DE CAMBIO LA MONEDITA # 2
Casa de Cambio La Monedita is best for Spanish-speaking and unbanked residents of Albuquerque who need immediate check cashing and money transfer services at physical locations. The primary caveat is lack of pricing transparency on their website—customers must visit or call to learn actual fees and rates, and the company does not offer online or remote services.
Best For
- Unbanked and underbanked residents of Albuquerque lacking traditional checking accounts
- Spanish-speaking customers preferring bilingual check-cashing services
- Customers needing tax refund checks converted to cash quickly
- Individuals sending money transfers to multiple countries through authorized partners
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