MSB Friendly Bank Charges - Faisal Khan and Company

MSB Friendly Bank Charges

MSB Friendly Bank charges for providing access to direct &/or indirect banking services.

The following are our professional MSB friendly bank charges for providing access to either direct banking or indirect (pseudo) banking services and payment rails.

DescriptionConsulting Charges
Application assessment fees (non-refundable)US$750
Basic (vanilla) MSB Banking for incumbents (no international transactions, domestic only)*US$5,000
Slightly difficult cases (non-crypto, but includes international transactions, remittance service providers, first-time license applicants, non-licensed proxies, cash-based businesses)*US$7,500
Difficult cases (non-crypto, international, including high-risk countries)*US$10,000
Crypto based MSBs (including Bitcoin ATM businesses, with/without international transactions)*US$12,500
Check Cashers & Retail Location Based Businesses (non-crypto)US$12,500
Correspondent Banking Relationship for Banks, EMIs & MTOs€12,500
Safeguarding Bank Account (UK), as a RA of existing EMI£12,500
Safeguarding Bank Account (UK), as a RA of existing EMI (difficult jurisdictions)£25,000
Safeguarding Bank Account (EU), as a RA of existing EMI€15,000
Safeguarding Bank Account (EU), as a RA of existing EMI (difficult jurisdictions)€30,000
Liquidity Provisioned Account (including introduction, non-crypto)US$12,500
EUR Account (without SWIFT, non MSB, non Crypto operation)€3,500
EUR Account (with SWIFT, non MSB, non Crypto operation)€7,500
GBP Account (without SWIFT, non MSB, non Crypto operation)£3,500
GBP Account (with SWIFT, non MSB, non Crypto operation)£7,500
Wholesale price for Electronic Money Institutions (EMIs) licensed in UK/EU€35,000
Wholesale price for Chartered Private Banks (Off-shore)€35,000
Card Issuance (US Only, non crypto, non-MSB related)US$7,500
Card Issuance (US Only, non crypto, MSB related)US$15,000
Card Issuance (US Only, Crypto, non-MSB related)US$25,000
Card Issuance (EU, non crypto, non MSB related)€7,500
Card Issuance (EU, non crypto, MSB related)€15,000
Card Issuance (EU, Crypto, MSB related)€25,000

*Refundable. Please read about our refund policy. Learn more about application assessment fees, our general terms & conditions, and why we request your personal KYC information. Please also consult the prohibited list of products & services.

The term sheets for direct/indirect banking are usually offered by the solution provider once they have examined your business case. The above-mentioned charges are our professional consulting fees for the successful referral that is made.

Please be cognizant of How Do We Charge For Commercial Services? Please also be cognizant of the refund policy.

To access the application forms, please choose the appropriate form and fill it out.

Please note, the following information would be required to take your case forward:

Provide your FinCEN registration copy, a partially obfuscated copy of your application submission, name of the regulator & state where applied, date when you submitted your application, lead/company helping you submit), copy of the passport of the principal applicant, your compliance manual and your last certificate training for AML/CTF.

MSB Business Bank Account

Application for MSB Business Bank Account (both Regular and Crypto based businesses)

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