Serving this new ‘unbanked’
Both the loans charges therefore the amount borrowed try capped of the Fl legislation. But Amscot does not charge an optional, $5 confirmation fee allowed by county. The business also offers free currency sales and you can claims to features among reduced cost available for examine cashing, automated-teller servers explore or any other monetary characteristics.
“I do believe i have setup a comparatively novel merchandising design for the the numerous economic services we bring,” told you Ian MacKechnie, Amscot’s chairman. “Instance a convenience store, we’re trying provide anybody convenience and you may entry to functions it get or even don’t you have on the banking companies.”