Illinois Currency Exchange

Loop Currency Exchange, LLC is a currency exchange and financial services provider located at 214 W. Washington St. in Chicago's Loop district. The business operates as part of the broader Currency Exchange Association network and focuses on serving consumers who need quick access to financial services outside traditional banking hours.

The company's primary service is check cashing, accepting payroll checks, government checks, business checks, tax refunds, unemployment benefits, insurance claims, personal checks, and more without holds. Beyond check cashing, Loop Currency Exchange provides money orders, money transfers, electronic bill pay, and debit card unloading. They also handle vehicle-related services including auto title transfers, license plate renewals, new vehicle registration, and city sticker acquisition. Additional services include notary public, foreign currency exchange, Ventra card sales, postage stamps, photocopies, and rolled coin/cash exchange.

Loop distinguishes itself through its all-in-one service model and stated commitment to personalized customer care rather than corporate institutional banking. The company emphasizes rapid service—cashing checks with verification in minutes—and convenience through multiple location availability. They operate Monday through Friday from 8:30 AM to 5:00 PM at the Loop location and accept both English and Spanish-speaking customers.

As a check-cashing service, Loop Currency Exchange serves an important niche for unbanked and underbanked consumers who need immediate cash access and government service facilitation. However, the company does not disclose check cashing fees on their website, and consumers should expect to pay per-check charges typical of the industry. The service model requires customers to physically visit a location during business hours, and the advertised hours (closed weekends and after 5 PM weekdays) may limit accessibility for some workers.