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.
|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.
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)