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We want to acquire an MSB Checking account, can you recommend a bank which understands how to partner with money transfer related businesses?

This depends on your understanding and the bank’s understanding of what a meaningful relationship and client business is all about. Banks are in the game to make money. No amount of friendship and relationship building matters. It is all about KPIs in the end.

The minimum we see is US$ 1,250 per month and the mean (average) hovers from US$ 2,500 to US$ 3,500 and the highest we operate in (prices can go much higher, but we do not market them) is US$ 5,000 per month.

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This page was last updated on January 19, 2023.