Banking, Saving & Sending Money
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.
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.
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.
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.