An individual or a company may seek cheque discounting services to settle emergencies. Some commercial banks do give cheque cashing services but to only individuals or businesses who opened bank accounts with them.The banks I know currently are ABC Bank,Faulu MFB,Equity Bank,DTB and Family Bank.
What will happen if you wanted to cash a cheque and you don't have a bank account with any of the banks mentioned above? Don't panic because I have already found 7 credit-only (non-deposit taking) Cheque Cashing companies for you.
1.Mwananchi Credit
Mwananchi Credit Limited gives quick cash against current and post dated cheques at a competitive commission rate
Contacts and How to Apply
Kindly call hotline 0709 147000
Or visit Mwananchi Credit website and apply
2.Metropol Capital Ltd (MCL)
Metropol Capital Ltd will pay cash against current cheques from reputable companies instantly. Turn your cheque into cash here.
Location and Contacts
Afya Centre 9th Floor Tom Mboya Street.
Call; 0710145166 or 0787613844
Or visit www.metropolcapital.co.ke
3.Jijenge Credit
Jijenge Credit Limited purchases current cheques issued to individuals by reputable companies at a favourable commission.Contacts
0722 843 770 or 0717 282 7274.New Bridge Capital
New Bridge Capital accepts individuals' current and post dated cheques drawn by reputable companies in exchange for cash at a competitive commission.Contacts
New Bridge Capital Ltd|Tigoni Acceptances Ltd,Auto Galaxy compound, Opposite Kwacha House Westlands Nairobi.Call:020 4400477
5.Discount Capital Ltd
Discount Capital will discount current and post dated cheques for businesses only and must be drawn from reputable companies.Contacts
International Life House, Mama Ngina Street, Nairobi.Call:0713 383 855
6.Leaston Credit
Leaseton credit cashes current cheques for individuals drawn by reputable companies.Contacts
Trance Towers ,5th floor,Tsavo Road,Off Mombasa Road.Call:0700 867 053
7.FSI Capital
This microfinance company gives out 97% of the current cheque face value as cash.This means they charge a 3% commission.Contacts
Eco Bank Towers,8th floor,Muindi Mbingu Street,Nairobi.Call:0792 788 956 or 0792 788 959
Bonus Company
Kenalisha Limited
Kenalisha Company Limited is the best in offering fast and affordable cheque discounting services in Kenya.Contacts and Location
Pension Towers,11th floor, Loita Streetin Nairobi, Kenya.
Call ; 0710843720 or 0737574440
As usual,if there are other Cheque Cashing Points I left out,just add them as comments.
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