Check cashing is a relatively simple business. An individual has a check made out to him. He may not have a bank account, may not want to wait for the check to clear, or may not be able to get to his own bank to get his money quickly. He presents the check to the check-cashing business. The check-cashing business verifies his identification, asks the client to endorse the check and gives him the amount of the check less a transaction fee. The business then deposits the check in its bank account.