Banking, Saving & Sending Money
The Department of Financial Services (DFS) encourages New Yorkers to educate themselves on important financial issues. Below you will find some helpful information on banking, saving, and protecting your money. Please feel free to print and share this information!
Using a Licensed Check Casher
A check casher is a business that charges a fee for cashing a check. In order to do business in New York, a check casher must be licensed by the DFS. Learn more here about how to safely use a check casher.
Using a Licensed Money Transmitter
Check the signs! In order to do business in New York, a money transmitter must be licensed by the New York State or be an agent of a licensed transmitter. Learn more here about how to use a money transmitter safely.
Opening a Bank Account
Over the long term, a bank account can be less costly than using non-bank financial services, and you can start to build a relationship with a bank and a financial history that will help you in the future. Learn more about how to open a bank account.
Basic Bank Accounts
New York State law requires that all banks offer consumers a low-fee bank account that meets specific basic criteria. Anyone in New York State can have a basic banking account if they meet certain conditions. Learn more about basic bank accounts.
Avoiding Identity Theft
Thieves with access to personal information can steal your identity and apply for credit in your name, racking up huge debts without your knowledge. Learn more about how to avoid having your identity stolen and what to do if it is stolen.
Using an ATM Safely
Common sense is your best guide to using an ATM safely. Here are some more tips on how to choose an ATM and how to protect yourself while using it.
