Banking, Saving & Sending Money The Department of Financial
Services (DFS) encourages New Yorkers to educate themselves on
important financial issues. Below you will find some helpful
information on banking, saving, and protecting your money.
Please feel free to print and share this information! A check
casher is a business that charges a fee for cashing a check. In
order to do business in New York, a check casher must be
licensed by the DFS. Learn more here about how to safely use a
check casher. Check the signs! In order to do business in New
York, a money transmitter must be licensed by the New York State
or be an agent of a licensed transmitter. Learn more here about
how to use a money transmitter safely. Over the long term, a
bank account can be less costly than using non-bank financial
services, and you can start to build a relationship with a bank
and a financial history that will help you in the future. Learn
more about how to open a bank account. New York State law
requires that all banks offer consu