No stored Google rating available.
CFSC (Community Financial Services) operates a multi-location check cashing network across NYC and the Bronx, offering check cashing, money transfers, bill pay, and prepaid services.
Data compiled from public sources
Community Financial Services (CFSC) is a regional financial services provider operating under the 'CFSC Checks Cashed' brand with a substantial network of locations throughout New York City, the Bronx, and New Jersey. The company has expanded significantly, with over 25 locations visible in their directory, suggesting they serve a broad urban customer base in the Northeast.
CFSC's service portfolio extends well beyond basic check cashing. They offer money transfers, prepaid debit cards, prepaid cellular phone services, electronic bill pay, money orders, ATM access, foreign currency exchange, transit card services (MetroCard and EZ Pass), coin exchange, lottery ticket sales, and tax refund services. This bundled approach positions them as a one-stop financial services hub for customers who may lack traditional banking access or prefer alternative financial services.
What distinguishes CFSC is their extensive operating hours—many locations open as early as 6:00-6:45 AM and stay open until 8:00-10:00 PM on weekdays, with several 24-hour locations. They explicitly advertise bilingual service ('Se Habla Español'), which is significant for their NYC market. Their geographic density in low-to-moderate income neighborhoods suggests they've built their business model around underserved populations.
However, check cashing remains a predatory financial service category. While CFSC provides convenient access to liquidity and financial services for unbanked consumers, check cashing fees are typically 1-3% of the check amount and represent a regressive cost. The company does not appear to offer any credit-building products, financial education, or pathways to traditional banking. They are a convenience/transaction provider, not a financial wellness partner.
This is state-level context for Check Cashing & Money Services consumers in New York, NY. It does not confirm that Franklin Check Cashing 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.
Franklin Check Cashing offers 13 services including Check cashing, Money transfers, Prepaid debit cards, Prepaid cellular phone services, Electronic bill payment, and 8 more.
Franklin Check Cashing has profile signals associated with Unbanked workers who receive physical paychecks and are researching short-term cash access without a checking account, Immigrants and non-English speakers seeking multilingual financial transaction services in their neighborhoods, Consumers needing 24-hour or early-morning cash access before traditional bank hours, People requiring bundled services (bill pay, money transfers, money orders) in a single stop.
Key strengths: Extended hours: Many locations open 6:00-6:45 AM and close 8:00-10:00 PM; several locations open 24/7; Large multi-location network: 25+ locations across NYC, Bronx, and New Jersey for convenience; Comprehensive service bundling: Money transfers, bill pay, prepaid cards, money orders, ATMs, lottery, and currency exchange in one location. Areas to consider: Check cashing fees not disclosed on website: No transparency on the 1-3% typical fee structure; No credit-building or financial inclusion products: Purely transactional, no pathway to banking or credit.
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 is profile signals for unbanked or underbanked consumers in NYC/Bronx who are researching short-term cash access, multilingual service, or convenient bundled transaction services outside traditional banking hours. The primary caveat is that check cashing is a regressive financial service—fees are typically 1-3% per transaction, and CFSC offers no credit-building products or pathway to lower-cost traditional banking, perpetuating a cycle of high transaction costs for economically vulnerable consumers.
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
Answer 3 quick questions to review category, service, and profile context.
1. What's your primary financial goal?
Cash advances are expensive. Here are cheaper, faster ways to cover an emergency expense without getting trapped in a debt cycle.
Read guide →Balance transfer cards can save you money on interest, but fees to verify and deadlines catch people off guard. Here's how to use them the right way.
Read guide →A parent's guide to teaching teenagers about money, credit, and financial decisions before they leave home — covering the skills schools skip.
Read guide →Affiliate Disclosure: CreditDoc may earn a commission when you click links to Franklin Check Cashing and other services. These commissions help us maintain our free research. Compensation does not determine whether a provider can be covered; visible star ratings use stored Google review ratings when available. Learn more.