RCheck

RCheck is the MSB Direct Deposit solution for your clients’ payroll, pension, government benefit, and tax refund checks. RCheck makes check cashing more secure and more reliable for your MSB.

No worries, no hassles – just a simple way to protect your business while increasing sales.

Secure Check Cashing

RCheck offers a secure and efficient way to manage transactions, protect against fraud, and keep your business running smoothly.

• Low-cost to your customers
• Minimize fraud and reduce risk
• Increased check cashing sales
• Funds held securely in a Republic Bank of Chicago account
• Reduce mobile deposit fraud with checks printed and cashed at your location
• Quick and easy approval process

Utilizing RCheck allows you to maintain your client base while offering other products and services, making your financial service center a one stop shop.

Above all, when you work with Republic Bank of Chicago, you will find knowledgeable experts who understand the business and are dedicated to serving it exclusively.

FAQs

What types of MSBs do you work with?

Generally, our focus is on established retail, storefront, check cashing operations that have related agency services such as wires, money orders, bill payments, etc. We also handle money order issuance for those with the proper licensing. These services are provided in certain states and cities throughout the U.S. If we are not currently servicing your area, please check back as we add service areas as time permits.

Do you work with foreign corporations?

Not at the current time. Although our clients may have foreign ownership, there must be a U.S. domiciled presence.

Do you work with cryptocurrencies?

Some of our clientele have ATMs and the ability to accept cash for digital currencies. However, this activity is only on an agency basis and Republic Bank of Chicago does not handle accounts directly for digital wallet holders or digital currency exchanges. However, please feel free to submit your contact information in case this position changes in the future.

How about alternative lenders?

We handle treasury services for most types of lenders although our support is only for those operating under the state model. In addition, short-term, single-pay products are no longer a focus for the MSB Division.