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Check Cashing & Money Transfer Services – Industry Research, Analysis, Statistics, and Forecasts

SIC 6099  |  NAICS 522390

This free online guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Industry Research Reports
Check Cashing & Payday Loans  (view report)
Credit Card Processing & Money Transferring  (view report)
Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:
Sample report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

Dekos Publishing LLC
Cheklist Magazine

Quarterly trade publication provides news and information for neighborhood financial service centers which cash checks and provide payday loans, with topics covered in the publication including industry news and trends, marketing tips and ideas, product and service information, regulatory and legislative updates, and recent judicial decisions. Digital editions are only available to print edition subscribers.

Resources available from this trade association include:

Currents Magazine
Triannual trade journal provides news and information for owners and operators of financial service centers, with topics covered in this publication including industry news and developments, business operations, marketplace trends, employee training, technology updates, regulatory compliance, and association events and activities. Current and archived issues of the magazine are available online.

FAQs section provides answers to frequently asked questions concerning financial service centers (FSCs), with topics addressed in this section including types of services provided; industry size in terms of revenue, locations, customers, and transaction volume; regulatory compliance; customer demographic profile; and reasons why customers use FSCs rather than banks or credit unions.

Research section includes various reports that provide an overview of the industry and its services, with topics covered in these reports including market size, volume, and scope; product and service offerings; differences between FSC and bank business models; customer demographics; reasons why customers use FSCs instead of banks or credit unions; and FSC service satisfaction ratings.

Marketdata Enterprises, Inc.
U.S. Check Cashing & Money Transfer Services

Market research study provides in-depth analysis of this segment of the consumer financial services industry, with topics covered in the study including customer demographics, market size and growth, key market trends, and regulatory environment and firms profiled including Ace Cash Express, Inc., Amscot Corp., Check Into Cash, Inc., Western Union Company, and MoneyGram International, Inc.

Ken Research
U.S. Money Remittance and Bill Payments Market Outlook

Market research report provides a comprehensive analysis of the U.S. remittance and bill payments market, with topics covered in the report including money transfer value chain; remittance market by transaction volume, major channel (e.g., bank, non-bank), and service mix; competitive landscape; market share of major players by bank/non-bank channel; and market future outlook and projections.

Koncept Analytics
Global Remittance Report

Comprehensive report provides a detailed analysis of the global remittance market, with topics covered in the report including overview of the remittance system; remittance market by income characteristics; global region, and largest receiving and contributing countries; market dynamics and trends; regulatory compliance; competitive environment; profiles of major companies; and market outlook and forecast.

BizMiner Market Analysis Reports
Check Cashing & Payday Loans Services  Search for "522390" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

More industry research reports »

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Check Cashing & Payday Loans Services  Search for "522390" to see available reports
Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:
Sample financial statement and ratio analysis report is available free online.

Industry Research Reports
Check Cashing & Payday Loans
(see links for individual reports)  (sample spreadsheet)

Key statistics section of these reports provides detailed income statements and balance sheets on a common-size basis and over twenty-five industry financial ratios, with financial ratios provided for the each of the four most recent calendar years and on a historical average basis for 3-year, 5-year, and 10-year time periods. Sample spreadsheet with breakdowns by asset size can be viewed free online.

More financial benchmarking data »

Compensation and Salary Surveys

U.S. Bureau of Labor Statistics
Nondepository Consumer Financial Services

Annual employment and wage survey provides hourly and annual wage data for personnel employed by nondepository consumer financial services firms on a national, state, and metropolitan area basis, with establishments in this financial sector including companies that provide check, draft, and money order cashing services and money transfer services for consumers on a per transaction fee basis.

PayScale, Inc.
Money Transfer Service

Free online service provides salary and hourly wage data for selected job positions such as business development manager, HR operations manager, compliance officer, customer service representative, and teller, with employers for which salary or hourly wage rate data is provided including MoneyGram International, Inc, The Western Union Company, Ria Financial Services Ltd., and Sigue Corporation.

More compensation surveys »

BV Guides and Databases

Private Company Sales Transaction Databases
Free "Visitor Search" allows users to search the DealStats, BIZCOMPS, and FactSet/BVR databases for private company sales transaction data by SIC or NAICS Code using the following codes:
  SIC Code 6099 - Check Cashing and Money Transferring Services
  NAICS Code 522390 - Check Cashing and Money Transferring Services
Types of establishments included in these codes
Check cashing centers - establishments that provide services such as check cashing, payday loans, money orders, and wire transfers to customers for a fee.
Payday loan stores - establishments that offer short-term high-interest loans to individuals and may also provide additional services such as check cashing and money orders.
Money transfer centers - establishments that provide services such as electronic money transfers, wire transfers, and international money orders to customers for a fee.
Foreign exchange offices - establishments that provide services such as currency exchange, traveler's checks, and prepaid debit cards to customers for a fee.
Remittance service providers - establishments that specialize in international money transfers that allow customers to send money to relatives or friends in other countries.
Cryptocurrency exchanges - establishments that provide services such as the exchange of digital or virtual currencies for traditional currencies.
Sample reports with detailed sales transaction data and valuation multiples are available free online.

More valuation data »

Related Industries:
Commercial Banks
Consumer Finance Companies
Pawn Shops
Rent To Own Stores


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