EZ Money is a payday advance and check cashing company operating in Iowa, Michigan, Missouri, and North Dakota, offering fast short-term loans and financial services.
Editorially reviewed by Harvey Brooks
EZ Money is a regional financial services company that operates physical locations across four Midwestern states: Iowa, Michigan, Missouri, and North Dakota. The company is licensed by state banking regulators in each of these jurisdictions and positions itself as a quick-access solution for consumers facing unexpected expenses or cash flow gaps.
EZ Money's core services include payday loans and cash advances (typically 2-4 week terms), check cashing with minimal fees and no holding periods, and prepaid cards that offer early direct deposit access (1-3 days faster) without credit checks. Beyond these primary offerings, the company provides money transfers through a Western Union partnership, gift card-to-cash exchanges, bill pay automation, Bitcoin transaction services, and installment loans. Their application process is available online and claims to be completable in minutes.
The company distinguishes itself through its integrated service model—combining payday lending with traditional check cashing and ancillary financial services under one brand. Their prepaid card offering includes perks like early direct deposit and no credit check requirement. EZ Money also provides educational support for cryptocurrency transactions, which is less common in the traditional payday lending space.
However, EZ Money operates in the high-cost lending sector. Their own disclaimer acknowledges that payday advances carry high interest rates and should be used only for short-term needs, noting that some borrowers use them for several months, which becomes expensive. The company is licensed as a deferred presentment service provider, a regulatory classification that typically permits significantly higher APRs than mainstream lenders. While check cashing and other services may be useful, the payday loan products carry substantial cost warnings.
Yes. EZ Money is a registered company headquartered in 830 S WW White Rd, San Antonio, TX 78220. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
EZ Money is best for consumers in Iowa, Michigan, Missouri, or North Dakota who need immediate check cashing or a short-term cash advance and understand the high costs involved. The critical caveat is that payday loans should only be used for genuine 2-4 week emergencies; the company's own disclaimer warns that longer-term use becomes expensive and problematic.
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