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EZ Money Check Cashing in Omaha, NE
EZ Money offers payday loans, check cashing, and money transfers across Iowa, Missouri, Michigan, and North Dakota with extended hours and fast approval.
Data compiled from public sources · Rating from CreditDoc methodology
EZ Money Check Cashing Review
EZ Money is a financial services company operating in Iowa, Missouri, Michigan, and North Dakota that positions itself as a quick-cash solution for consumers facing unexpected expenses before payday. The company is licensed by the Iowa Division of Banking under Iowa Code Chapter 533D and by the Missouri Division of Finance. While their URL suggests an Omaha, Nebraska presence, the disclaimer clarifies they operate in specific states only, with payday loans available in Council Bluffs, Iowa.
EZ Money's primary offerings include payday loans (2-4 week terms), check cashing, cash advances, money transfers via Western Union partnership, prepaid cards, bill pay services, and gift card-to-cash exchanges. They also offer Bitcoin education and consultation services. The company emphasizes fast application processes, extended operating hours beyond traditional banks, and personalized financial advice from their team.
The company distinguishes itself through multi-service convenience—positioning as a "one-stop shop" rather than a single-product lender. Their Western Union partnership, gift card exchange service, and prepaid card offerings go beyond typical payday lenders. They also claim to provide cryptocurrency education, which is unusual for this sector.
However, EZ Money operates in the high-cost lending space. Their disclaimer explicitly warns that payday advances are expensive and should be short-term only, acknowledging that some borrowers use them for "several months." The company recommends credit counseling for customers with credit difficulties before taking loans. Interest rates and terms vary by state but are inherently expensive compared to traditional credit. The geographic limitations (not available in Nebraska despite the Omaha website URL) and reliance on third-party lenders for underwriting add complexity.
Services & Features
Bill pay and automated payment services
Bitcoin and cryptocurrency education and consulting
Cash advances
Check cashing
Financial advice and loan consultation
Gift card to cash exchanges
Money transfers via Western Union
Payday loans (2-4 week terms)
Prepaid cards with spending controls
Western Union transfer tracking
Feature Checklist
Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection
Pros & Cons
Pros
- Extended hours beyond traditional banks for check cashing convenience
- Multi-service offerings including Western Union transfers, prepaid cards, and bill pay in one location
- Fast application process with same-day funding for payday loans
- Gift card exchange service converts unused cards to cash without additional fees
- Licensed and regulated by state banking divisions in Iowa and Missouri
- Transparent disclaimer about loan costs and recommendation of credit counseling
- Prepaid card option helps control spending without overdraft fees
Cons
- Payday loans carry high interest rates typical of the industry; company admits they can be expensive when used beyond short-term
- Geographic limitation: despite Omaha URL, not available in Nebraska; payday loans require trip to Council Bluffs, Iowa
- Relies on third-party lenders and credit bureau databases for underwriting, reducing control over approval process
- Bitcoin advisory service lacks regulatory clarity and could expose inexperienced consumers to investment risk
- Check cashing service quality and fees not specified; comparison to bank or alternative check-cashing options unavailable
Rating Breakdown
Value 2.0
Effectiveness 1.5
Customer Service 2.2
Transparency 2.0
Ease of Use 3.9
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Frequently Asked Questions
Is EZ Money Check Cashing legitimate?
Yes. EZ Money Check Cashing is a registered company, headquartered in 9209 Maple St, Omaha, NE 68134.
Quick Facts
- Headquarters
- 9209 Maple St, Omaha, NE 68134
- BBB Accredited
- No
- Starting Price
- Contact provider
- Setup Fee
- None
- Money-Back Guarantee
- No
CreditDoc Diagnosis
Doctor's Verdict on EZ Money Check Cashing
EZ Money is best suited for consumers in their service states (Iowa, Missouri, Michigan, North Dakota) who need immediate cash before payday and lack access to traditional banking. Critical caveat: payday loans are expensive and should only be used for genuine short-term emergencies, not recurring financial shortfalls—the company's own disclaimer warns against using these loans for several months despite some borrowers doing so.
Best For
- Consumers without bank accounts or direct deposit needing quick check cashing with flexible hours
- Borrowers in Iowa, Missouri, Michigan, or North Dakota facing genuine short-term cash emergencies before payday
- People seeking convenience through bundled financial services (transfers, bill pay, prepaid cards) in one location
Updated 2026-04-29
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Read guide →Financial Terms Explained (10 terms)
New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
Interest & Rates
APR — Annual Percentage Rate
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Why it matters
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
Compound Interest
Interest calculated on both the original amount borrowed AND the interest that's already been added. It's 'interest on interest' — and it makes debt grow faster than you'd expect.
Why it matters
Credit cards and many loans use compound interest. If you only make minimum payments, compound interest is why a $3,000 balance can take 15 years to pay off.
Example
You owe $1,000 at 20% annual interest compounded monthly. After month 1 you owe $1,016.67. Month 2, interest is charged on $1,016.67 (not $1,000), so you owe $1,033.61. After 1 year without payments: $1,219.
MAPR — Military Annual Percentage Rate
A special APR calculation used for military servicemembers that includes ALL costs — fees, insurance, and add-ons — capped at 36% by federal law.
Why it matters
The Military Lending Act protects active-duty servicemembers and their families from predatory lending. Any lender charging above 36% MAPR to military is breaking federal law.
Example
A payday lender charges a $15 fee per $100 borrowed for 2 weeks. For civilians, that's technically legal in some states. For military: that works out to 391% MAPR — illegal under the MLA.
Usury Rate — Usury Rate (Interest Rate Cap)
The maximum interest rate a lender can legally charge in a particular state. Charging above this rate is called 'usury' and is illegal.
Why it matters
Usury laws are your main legal protection against predatory interest rates. But beware: some states have weak or no usury caps, and federal banks can sometimes override state limits.
Example
New York caps interest at 16% for most consumer loans (25% is criminal usury). If a lender tries to charge you 30% in NY, that loan is unenforceable — you could fight it in court.
How Loans Work
Collateral — Loan Collateral
An asset you pledge to the lender as security for a loan. If you stop paying, the lender can seize and sell that asset to recover their money.
Why it matters
Secured loans (with collateral) have lower interest rates because the lender has less risk. But you could lose your home, car, or savings if you default.
Example
A mortgage uses your house as collateral. A car loan uses your vehicle. A title loan uses your car title. If you miss payments, the lender can foreclose or repossess.
Fees & Costs
Late Fee — Late Payment Fee
A charge added to your account when you miss a payment deadline. Most credit cards charge $29-$41 per late payment, and many loans have similar penalties.
Why it matters
The fee itself hurts, but the real damage is to your credit score. A payment 30+ days late stays on your credit report for 7 years and can drop your score 60-110 points.
Example
Your credit card payment of $150 is due March 1. You pay on March 18. The bank charges a $39 late fee. If it's 30+ days late, it gets reported to credit bureaus and your 760 score drops to 670.
NSF Fee — Non-Sufficient Funds Fee
A fee your bank charges when a payment bounces because there isn't enough money in your account. Also called a 'bounced check fee' or 'returned payment fee.'
Why it matters
NSF fees hit you twice — your bank charges you AND the company you were trying to pay may charge their own returned payment fee. That's $50-70 for one missed payment.
Example
Your auto-pay tries to pull $350 for rent, but you only have $280 in checking. Your bank charges $35 NSF fee. Your landlord charges $25 returned payment fee. Total damage: $60 in fees.
Legal Terms
Usury — Usury (Illegal Interest)
The practice of charging interest rates higher than what the law allows. Usury laws set state-specific caps on how much lenders can charge.
Why it matters
If a lender charges usurious rates, the loan may be void, penalties can be reduced, or you may be entitled to damages. Know your state's limits.
Example
Your state caps consumer loans at 24% APR. An online lender charges you 36%. That loan may be unenforceable, and you might only need to repay the principal — no interest or fees.
Credit Cards
Cash Advance — Credit Card Cash Advance
Using your credit card to get cash from an ATM or bank. It's one of the most expensive ways to borrow — higher interest rate, immediate interest accrual (no grace period), and an upfront fee.
Why it matters
Cash advances are a debt trap: 25-30% APR with no grace period plus a 3-5% fee. Interest starts the second you withdraw, not at the end of the billing cycle.
Example
You take a $500 cash advance. Fee: $25 (5%). Interest: 28% APR starting immediately. After 30 days, you owe $536.67. After 6 months of minimum payments, you've paid $85 in interest on $500.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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