However, the Currency Exchange doesn't cash your checks for free. All fees charged must be posted in a readily visible place inside the currency exchange. 99 … If you want to be in and out currency exchange is the way to go. The closure of 203 currency exchanges in Illinois in the last 10 years is leading the industry to push for higher fees. Some of them bring tears of joy, others tears of sadness. The annual license fee for each location served by an ambulatory currency exchange shall be $25. You bring in your American cash and we use the latest exchange rates to turn it into the currency of your choice. The cost to cash a check is now determined by check type in addition to check amount.. A license renewal sticker starts at $101. 3 Crystal Lake Plaza Crystal Lake, IL 60014 Get Directions → Phone: 815-455-1690 Fax: 815-455-2851 Business Hours: M-F 9am-8pm Sat 9am-5pm Sun 10am-3pm Effective July 1, 2018, at Illinois Currency Exchanges. NEW CHECK-CASHING RATES. 1.85 percent on checks above $500. In the state of Illinois, the fees are as follows: 1.4 percent of the face amount plus a service charge of 90 cents on all checks of $500 or less. It’s full of monumental occasions. But no matter which major life event you find yourself a part of, you can rest easy knowing that we’ve got you covered on the paperwork. How to Exchange Currency in Carpentersville, IL. They charge a convenience fee for time one would normally spend waiting in long line(s) at SOS. Ah, life. Click to view a flyer explaining the rates in English or in Spanish.. Currency Exchange Act provides for the licensing and regulation of community and ambulatory currency exchanges including, but not limited to, enforcement of rules and regulations for rates, records and ratemaking procedures.. Rules & Regulations PART 120 Currency Exchange Act PART 125 The formulation and issuance of schedules of maximum rates for check cashing … So, crunching the numbers, this is what the proposed increase would look like. ; If you’re cashing a personal check, … Currency exchanges are heavily regulated by the state. The company cashes more than 23 million checks a year totaling $6.7 billion in money distributed. (Source: P.A. Right now cashing a $100 check costs $2.40; after the increase it would cost $3.50. If you have time to spare go to the SOS. The vehicle registration fee is $150. Currency Exchange & Travel Money at Great Rates | … Operating since 1937, today there are over 500 Currency Exchange stores in Illinois. We can convert your American dollars to Mexican pesos, Canadian dollars, euros, British pounds, and other currency. The annual license fee for each community currency exchange shall be $400 for each licensee and $400 for each additional licensed location. 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