Amscot

Amscot, financial services with a presence in Florida

Amscot is a financial services company that operates a network of branches in Florida under the brand Amscot – The Money Superstore. Its offering focuses on immediate liquidity products and transactional services for customers who need cash or to manage collections and payments.

Credit and advance products

The company's catalog includes two main types of cash advance. The Installment Cash Advance allows you to access between $100 and $1,000 and pay it back over time. The Cash Advance offers up to $500, with repayment expected on the customer's next payday. In both cases, the company states that it does not perform credit checks, although it does verify the applicant's status in the Florida state database for outstanding cash advances.

The company notes that not all applicants qualify for the maximum amount and that some consumers may only be eligible for $50. It also states that it is licensed by the Florida Office of Financial Regulation and registered with FinCEN as a Money Service Business.

Transactional and payment services

In addition to advances, Amscot provides check cashing, free money orders, bill payment, and other financial transactions. The company also offers the Azulos Plus Account and the Azulos Prepaid Mastercard, and provides financial budgeting resources.

Branch network and service

The company operates an extensive network of branches in Florida, with a presence in cities such as Tampa, Miami, Orlando, Jacksonville, Fort Lauderdale, West Palm Beach, Sarasota, Tallahassee, and Pensacola, among many others. Most locations are open year-round and some branches operate 24 hours. The company maintains a toll-free customer care line.

Community commitment

The company carries out initiatives to support the communities where it operates. These include the donation of one million dollars by its founder, Ian MacKechnie, and his wife Jean to the American Red Cross to support Florida families after Hurricane Helene, and the 'Just a Dollar' campaign, which raised more than $159,000 for local students and schools through customer contributions to their education foundations.