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CFSC Checks Cashed 87th is a check-cashing and financial services location on the Upper East Side of Manhattan offering check cashing without a bank account, money orders, bill pay, and prepaid cards.
Data compiled from public sources
CFSC Checks Cashed 87th is part of Community Financial Services, a multi-location check-cashing and alternative financial services network operating across New York City, the Bronx, Queens, and New Jersey. The 87th Street location serves Manhattan's Upper East Side neighborhood at 167 E 87th St, operating as a full-service financial services hub for unbanked and underbanked consumers. The company has established a significant footprint with over 25 locations visible on their directory, indicating a mature, established operation rather than a startup or small provider.
The 87th Street location offers comprehensive check-cashing services without requiring a bank account, plus money orders, electronic bill pay, money transfers, prepaid debit cards, ATM access, foreign currency exchange, tax refund services, and additional convenience services like MetroCard sales, EZ Pass, lottery services, and coin exchange. They explicitly advertise bilingual service (Se Habla Español) and extended hours to serve working customers. The location operates 7 days a week with particularly early opening times on weekdays (7:00 AM) and weekends (8:45 AM Sunday), demonstrating accessibility design for their customer base.
This location distinguishes itself through its extended hours (Monday-Friday until 9:30 PM), multilingual service offering, and comprehensive one-stop-shop approach to financial services typically unavailable at traditional banks for unbanked customers. The company's extensive network across multiple boroughs suggests operational stability and brand recognition within underserved communities. Unlike some check-cashing operations, CFSC explicitly promotes business check cashing and multiple value-added services beyond basic check cashing.
Prospective customers should understand that while check cashing provides immediate access to funds without a bank account, the fees charged for these services are typically higher than traditional banking alternatives. The company's business model depends on fee-based revenue rather than deposits or lending, which is standard in the check-cashing industry. Consumers seeking to minimize costs should consider whether opening a basic bank account might offer listed long-term comparison context, though CFSC explicitly positions itself for those unable or unwilling to use traditional banking.
This is state-level context for Check Cashing & Money Services consumers in New York, NY. It does not confirm that CFSC Checks Cashed 87th or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Short-term lending status: Banned
General rate context: 16% civil usury; 25% criminal usury; payday lending banned
New York bans payday lending through its 16% civil usury and 25% criminal usury caps. The Department of Financial Services aggressively pursues illegal online payday lenders. Consumers have strong protections under state law and can file complaints with DFS or the Attorney General.
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
CFSC Checks Cashed 87th offers 12 services including Check cashing (personal and business checks), Money orders, Electronic bill pay, Money transfers (domestic and international), Prepaid debit cards, and 7 more.
CFSC Checks Cashed 87th has profile signals associated with Unbanked workers who need immediate access to paycheck funds without a bank account, Self-employed and small business owners requiring business check-cashing timing claims to verify, Immigrants and multilingual speakers seeking accessible financial services in their language, Customers sending money internationally or exchanging foreign currency.
Key strengths: No bank account required for check cashing, serving unbanked populations; Extended hours (7 AM–9:30 PM weekdays, 8:45 AM–5:30 PM Sunday) for working customers; Multilingual service (Se Habla Español) for diverse Upper East Side community. Areas to consider: Check-cashing fees are typically higher than traditional bank accounts, making it costly for frequent users; No credit-building products or credit history reporting to help customers improve creditworthiness.
In the Check Cashing & Money Services category, comparable providers include 10th Avenue Check Cashing Corporation, A & S Foreign Exchange Inc, E Z Money LLC. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
CFSC Checks Cashed 87th is profile signals for unbanked or underbanked customers who need immediate check cashing without a bank account, particularly those working irregular hours or who are multilingual. The main caveat is that check-cashing fees accumulate significantly compared to traditional banking, and the services offered are transactional rather than aimed at building financial stability or creditworthiness over time.
10th Avenue Check Cashing Corp cashes checks, processes money orders, and offers bill payment services in Hell's Kitchen, Manhattan. Open 7 days with convenient midtown location.
Profile signals: Hell's Kitchen residents needing local check-cashing without traveling to other neighborhoods, Customers who need multiple services (check cashing + bill payment + metro cards) at one stop
A & S Foreign Exchange Inc. is a New York-based currency exchange and traveler's check service operating for over 27 years, offering rate claims to verify on major world currencies.
Profile signals: International travelers departing from or returning to the New York area needing currency exchange, Customers requiring physical in-person currency exchange with immediate transactions
Multi-service financial center offering check cashing, payday loans, prepaid cards, and money transfers. Licensed in Iowa, Michigan, Missouri, and North Dakota.
Profile signals: Consumers without traditional bank accounts who need immediate check cashing without fees or holds, Unbanked or underbanked workers in covered states needing occasional emergency cash advances
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