Who Needs a Money Transmitter License?

The following business activities are required to obtain a money transmitter license in the United States:

  • Debt Management/Credit Counseling
  • Electronic money transmitting
  • Issuing traveler’s checks
  • Selling Traveler’s checks
  • Issuing money orders
  • Selling money orders
  • Bill payment
  • Issuing and/or selling drafts
  • Transporting currency
  • Issuing prepaid access/stored value
  • Selling prepaid access/stored value
  • Foreign currency dealing or exchanging
  • Virtual currency exchanging and trading services

This page was last updated on April 13, 2022.

Scroll to Top