Cash Depot logo

Cash Depot in Memphis, TN

2.2/5

Cash Depot is a small check-cashing and financial services business operating in Memphis, Tennessee since 2004, with 4 employees.

Data compiled from public sources · Rating from CreditDoc methodology

Cash Depot Review

Cash Depot is a financial services company based in Memphis, Tennessee, located at 7535 US Highway 64. Founded in 2004, the company has been operating for approximately 22 years as a single-location business serving the local community. According to business records, Cash Depot operates primarily within the financial services sector under the Business Services industry classification (SIC Code 7389, NAICS Code 561499: All Other Business Support Services).

Cash Depot's primary service offering centers on check-cashing and related financial transaction services. Based on the company's industry classification and category assignment, the business provides essential financial services to consumers who may not have traditional banking relationships or who require quick access to cash from checks. The company operates as a straightforward financial services provider without specialized lending, credit repair, or debt management operations.

As a single-location operator with a small staff of 4 employees, Cash Depot distinguishes itself through personalized, local service in the Memphis area. The business is led by President Lee Cardwell, who serves as the primary contact. The company's modest size and long tenure in the community suggest stability and familiarity with local customer needs. With an estimated annual revenue of $132,673, Cash Depot operates as a lean, efficient neighborhood financial services provider rather than a large-scale chain operation.

Cash Depot is best suited for Memphis-area residents and businesses needing reliable, straightforward check-cashing services without additional financial complexity. However, prospective customers should note that the company's limited scale, small staff size, and modest revenue suggest a neighborhood operation with potentially limited hours or service capacity. The lack of detailed service information on the public listing means consumers should contact the business directly to confirm current services, fees, and operational details before visiting.

Services & Features

Bill payment services
Cash handling and financial transactions
Check cashing
Local financial services
Money orders
Wire transfers

Feature Checklist

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

Pros & Cons

Pros

  • Established 22-year operating history in Memphis community since 2004
  • Local, single-location business offering personalized service
  • Accessible phone contact (901) 383-4117 with identified owner/president
  • Convenient Memphis location on US Highway 64 in Shelby County
  • Small operation suggests lower overhead and potentially competitive pricing

Cons

  • Very limited scale with only 4 employees raises questions about service hours and availability
  • Minimal annual revenue ($132,673) suggests limited service offerings or market presence
  • No website or online presence information available for service details or fee transparency
  • Likely lacks modern conveniences like online check deposits or digital account access
  • No verifiable customer reviews or service detail information available on public business listings

Rating Breakdown

Value
2.0
Effectiveness
1.0
Customer Service
2.2
Transparency
2.0
Ease of Use
3.9

Frequently Asked Questions

Is Cash Depot legitimate?

Yes. Cash Depot is a registered company, headquartered in 7535 US-64, Memphis, TN 38133.

Quick Facts

Headquarters
7535 US-64, Memphis, TN 38133
BBB Accredited
No
Starting Price
Contact provider
Setup Fee
None
Money-Back Guarantee
No
Visit Cash Depot

CreditDoc Diagnosis

Doctor's Verdict on Cash Depot

Cash Depot is best for Memphis-area residents and small businesses needing basic check-cashing and money transfer services from an established local provider. Primary caveat: the business's very small size (4 employees, $132,673 annual revenue) means limited hours, service availability, and product range—direct contact is essential to confirm current operations and services before visiting.

Best For

  • Memphis-area residents needing quick check-cashing without bank account requirements
  • Small businesses requiring local check processing and cash transaction services
  • Customers seeking neighborhood financial services with direct owner contact
Updated 2026-04-29

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