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PAYOMATIC New York, New York — PAYOMATIC is New York's largest check-cashing and financial services network with nearly 140 stores across the NYC area, ...
Data compiled from public sources
PAYOMATIC operates as a financial services provider specializing in check cashing with an extensive footprint across New York City. The company has built its reputation as the largest check-cashing network in the region, with approximately 140 retail locations distributed throughout the Bronx, Brooklyn, Manhattan, Queens, Long Island, and surrounding NYC areas. This localized focus positions them as a convenient alternative to traditional banking for unbanked and underbanked consumers in the New York metro area.
The company's service menu extends beyond basic check cashing to include check cashing for business owners, Western Union money transfers (both send and receive), the inPOWER Prepaid Mastercard, bill payment services for over 100 companies (including utilities like Con Edison and housing payments like NYCHA rent), money orders, prepaid mobile services, and direct deposit options. Their business check cashing service is tailored specifically for business owners researching short-term cash access for supplies, payroll, and payables, with same-day large payouts available across their store network.
What distinguishes PAYOMATIC is their position as the largest Western Union agent in New York and their listed focus on business-to-business check cashing services alongside consumer offerings. The company emphasizes speed—checks are cashed with no holding period and customers leave with cash immediately. Their extended store hours (as late as 10 PM on Fridays) and weekend availability (10 AM–6 PM Sundays) cater to working customers unable to access traditional banking hours. The inPOWER Card represents their attempt to offer value-added financial products beyond basic cash services.
However, consumers should recognize that check-cashing services inherently carry fees not disclosed on the website, and the company does not provide traditional banking products like savings accounts, credit lines, or investment services. The business model relies on transaction fees rather than helping consumers build credit or long-term financial stability. While convenient for short-term cash access, regular reliance on check-cashing services typically costs more than maintaining a standard bank account.
PAYOMATIC received 1 consumer complaints in the past 12 months. All complaints received a timely response from the company.
1
Complaints (12 months)
0.0%
Resolved with relief
Stable
Complaint trend
Most Common Complaint Categories
This is state-level context for Check Cashing & Money Services consumers in New York, NY. It does not confirm that PAYOMATIC 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.
PAYOMATIC offers 8 services including Check cashing (payroll, government, tax checks) with no holding period, Business check cashing with competitive rates and same-day payouts, Western Union money transfers (send and receive) to 200+ countries, Money orders, Bill payment (100+ companies including Con Edison, NYCHA, Verizon, Spectrum, Optimum, Dish Network), and 3 more.
PAYOMATIC has profile signals associated with Unbanked or underbanked NYC residents without access to traditional bank accounts, Business owners and small businesses researching short-term cash access for payroll and operational checks, International workers sending money to family in 200+ countries via Western Union, Customers unable to visit banks during standard hours due to work or caregiving responsibilities.
Key strengths: Nearly 140 physical store locations across NYC metro area for convenient in-person access; No check-holding period—customers receive cash immediately upon cashing; Extended hours including 10 PM Friday closings and weekend availability (10 AM–6 PM Sundays). Areas to consider: Check-cashing fees not disclosed on website; customers will pay per-transaction fees typical of the industry; No credit-building products—using check-cashing services does not establish credit history.
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
PAYOMATIC is profile signals for NYC residents and business owners who are researching short-term cash access and financial transaction services but lack traditional bank accounts. The primary caveat is that check-cashing and prepaid services carry transaction fees and do not build credit history—they are convenience solutions, not alternatives to establishing banking relationships or financial stability.
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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