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How expensive is it to get a Money Transmitter License in the United States?

The cost of obtaining a money transmitter license in the United States can vary depending on the state in which you operate.

In general, however, the cost of a money transmitter license can range from several hundred dollars to several thousand dollars (if not millions for nationwide coverage).

Additionally, some states may require you to pay an ongoing annual fee to maintain your license. It’s important to check with the specific state regulator that oversees money transmission in your state for more information about the specific costs and requirements for obtaining a money transmitter license.

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This page was last updated on January 3, 2023.