MSBGA
   

Money Service Businesses of Georgia

  
 
 

Our Mission

To serve as Georgia's foremost leader in communication and education for the Money Service Business Centers.

 

Organization Profile

MSBGA members form a well established and growing alternative to traditional banks for a large and growing segment of the American public. MSBGA members provide convenient locations where consumers can cash checks, purchase money orders and engage in a variety of financial service transactions.

Headquartered in Lawrenceville, GA, the MSBGA association is Georgia's leading voice on industry trends, legislative, regulatory and business issues.

Although there are a few large chain operations, most MSBGA members are local, neighborhood organizations, who on average, operate between one and three stores.

MSBGA members provide consumers with a variety of services including check cashing; money orders; access to ATMs; electronic bill payment services; deferred deposit services; electronic tax preparation and files; and personal lines insurance such as auto & renters.

 

 

Money Talk$

The Good Side of Check Cashing and Payday Loans

I’ve got to be honest with you. While the righteous scream out about check cashing and payday loan stores, I’m not sure I understand all the fuss. Sure I get the fact about fees and I will admit that I’ve seem some sleazy payday loan stores and outfits. But you know what, I’ve seen my fair share of sleazy banks and credit card companies as well.
Being a big name bank does not make it less egregious to charge someone $35 for overdrawing their account by $1. Don’t even get me started about the unit driven treatment of individual people by large Main Street banks. $3 to use a teller, please!
Banks do a good job of doing what banks do but they don’t offer all a user friendly or customer friendly service that people want and need. Check cashing stores like Mix check-cashing in Los Angles, do serve a particular market segment.
Nix and other similar check cashing businesses offer their customers something that most banks don’t personal attention, clear fees and choice.
Rather than be sneaky about changing interest rates, terms and magical fees; customers that use places like Nix Check Cashing know exactly how much services are going to cost. They are good and loyal customers that come back time and time again because they are treated well and the check cashing store does not force their financial products on the customer like a bank does.

Read more in this months issue....

 

MSBGA Membership has its advantages!

Read more in this months issue of

Money Talk$