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 all.
1.Mwananchi CreditMwananchi Credit Limited gives quick cash against current and post dated cheques at a competitive commission rate
ContactsPension Towers Mezzanine2,Lolita Street,Nairobi OR Eco bank Towers 2nd floor,opposite Six-Eighty Hotel,Muindi Mbingu street, Nairobi.
Call:020 2221882,0701 396 027,0731 888 825
2.Jijenge CreditJijenge Credit Limited purchases current cheques issued to individuals by reputable companies at a favourable commission.
Contacts0722 843 770 or 0717 282 727
3.New Bridge CapitalNew Bridge Capital accepts individuals' current and post dated cheques drawn by reputable companies in exchange for cash at a competitive commission.
ContactsNew Bridge Capital Ltd|Tigoni Acceptances Ltd,Auto Galaxy compound, Opposite Kwacha House Westlands Nairobi.
4.Discount Capital LtdDiscount Capital will discount current and post dated cheques for businesses only and must be drawn from reputable companies.
ContactsInternational Life House, Mama Ngina Street, Nairobi.
Call:0713 383 855
5.Metropol CapitalMetropol Capital will pay cash against current cheques from reputable companies at a favourable commission.
ContactsTom Mboya Street,Nairobi
Call:020 2224290 or 0710 145 166
6.Leaston CreditLeaseton credit cashes current cheques for individuals drawn by reputable companies.
ContactsTrance Towers ,5th floor,Tsavo Road,Off Mombasa Road.
Call:0700 867 053
This microfinance company gives out 97% of the current cheque face value as cash.This means they charge a 3% commission.
ContactsEco Bank Towers,8th floor,Muindi Mbingu Street,Nairobi.
Call:0792 788 956 or 0792 788 959
As usual,if there are other Cheque Cashing Points I left out,just add them as comments.