US State Regulatory Coverage Explained for MSB Firms

The question in full

US State Regulatory Coverage defines how MSB licensing applies across selected US states. Coverage varies based on state combinations, regulatory importance, and licensing scope. Key jurisdictions like NY, CA, and TX often influence approval structure and overall compliance requirements.

Answer

There is no fee based on a per State basis. It is based on the quantity and the importance of the states (example: NY, TX or CA).

However, we use the following slab rate for the referral fee:

Less than 5 states and NOT including TX, CA or NY, the one-time referral fee that we charge is USD 10,000
Less than 5 states and including ONE of the following three states: TX, CA or NY, the one-time referral fee will be USD 12,500
Less than 10 states and including ONE or more of the following three states: TX, CA or NY, the one-time referral fee will be USD 18,000
Nationwide Coverage (or more than 10 states and the big three, TX, CA and NY) agent status, the one-time referral fee will be USD 20,000

All of the above carry a one-time, non-refundable application fee of US$ 1,500.

The details can be seen at: https://faisalkhan.com/money-transfer-operator-license-coverage-consulting-fees/

Do you have any list price for regulatory coverage for each US state to help us pick our “Must-have States”?

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