The US Money Transmitter License Rate Sheet (July 2026), Faisal Khan LLC's Document FK-A002, prices licensing a money transmitter across all 50 states plus DC, based on the MTL Cost Schedule dated 16 July 2025 and valid for 30 days from issue.
The headline number: $572,530 is the total estimated all-in cost of licensing across all 51 US jurisdictions, split across FK LLC preparation fees ($325,000 for the all-states package, versus $795,000 if states are engaged individually), state and filing fees ($150,980), and surety bond annual premiums (~$84,550) against $8,455,000 of aggregate bond face value.
A warning sits prominently before the rate table: non-US citizens without established US credit history should not expect a bonding company to write surety bonds worth millions against a thinly capitalized shell — verifiable financials, personal guarantees and sometimes a bank guarantee are required.
The per-state board is where the real planning value sits. Texas and Hawaii carry the highest application fees at $10,000; Idaho is lowest at $100. Colorado and Pennsylvania post the largest bonds at $1,000,000, while Washington and Wyoming require just $10,000. Net worth ranges from Hawaii's $1,000 to Utah's $1,000,000, with five states — including New York and its BitLicense — marked "TBD." Montana is the sole state requiring no fee, no bond and no net worth, needing only foreign qualification.
What the guide covers:
- FK preparation fees per state, from $12,500 typical up to $75,000 for New York's MTL and BitLicense
- Timeline bands, from 90–180 days for most states up to 12–24 months for California and New York
- The seven states requiring personal financials: Colorado, Nebraska, Nevada, New York, Texas, Virginia and the NY BitLicense
- What's included in FK's preparation fee versus priced separately (Compliance Manual, Risk Manual, bond premiums)
- The disclaimer that FKLLC is not a money transmitter and holds no client funds