Information on US Money Transmitter License
The United States Money Transmitter Licenses are one of the most coveted licenses that there are in the world. They are also expensive and take a long time to obtain all the licenses for all the states in order to have nationwide coverage.
Whether you are a domestic fintech startup, a money transfer startup, and incumbent money transfer/payments company from outside of the US, or a plain vanilla payments company that comes under the umbrella of a money transmitter, we can help.
- Bank Led Sponsorship, have a licensed institute, i.e. any one of these below can sponsor your project under their own licensing umbrella.
- a federally chartered bank
- a state-chartered bank
- a credit union
- a community bank
- Principal License Holder Led Sponsorship, being sponsored by a Money Services Business that has the requisite money transmitter licenses where you seeking licensure coverage.
- Agent, becoming an authorized delegate of an existing money transmitter license holder or of a bank (albeit, becoming an agent of a bank is extremely difficult).
- Program Manager, working with an entity, who is a program manager, i.e. they have already done all the integrations, etc. with the usually more than one licensed financial institution and are able to offer you either an aggregate API with all the necessary KYC, AML, technology stack, etc. In some cases, the bank or the license holder themselves are often referred to as the program manager.
- Apply For Your Own Licenses, state by state filing for a license application, a time-consuming and expensive proposition, but nonetheless always an option if you have the money and patience for it.
Detailed Information On US Money Transmitter Licenses
- What is a Money Transmitter License
- Access to US Money Transfer Market
- US Money Transmitter License Options
- Correspondent vs Agent (Authorized Delegate)
- FAQs on ISO / Correspondent Relationship
- Interactive Map of Money Services Businesses (MSB) License Regulators
- List of Transaction Data Points for an MSB Audit
- Money Transmitter License Application
- Money Transmitter License Cost
- Money Transmitter License (Owning one vs. Renting one)
- Money Transmitter License Cryptocurrency
- Money Transmitter License Law
- Money Transmitter License Requirements
- Own Money Transmitter Licenses vs Authorized Delegate
- Money Transmitter License Application Process
- Money Transmitter License – How to get licensed to operate?
Money Transmitter License Information For The Major US States
- Money Transmitter License New York
- Money Transmitter License California
- Money Transmitter License Texas
- Money Transmitter License Florida
- Money Transmitter License Georgia
- Money Transmitter License Illinois
- Money Transmitter License Massachusetts
- Money Transmitter License Nevada
- Money Transmitter License New Jersey
- Money Transmitter License Puerto Rico
- Money Transmitter License Washington
- Money Transmitter License Washington, D.C.
- Virgin Islands Money Transmitter License
Discover More
- Starting an X-Border Service? Need a Money Transfer License?
- Money Transmitter License: US Remittance & Payments Solution
Need Regulatory License Coverage?
Learn how we can provide you with money transmitter licenses cover for your project.