If you are engaged in any of the following activities, you are essentially classified as a money services business and as such, you need to be licensed as a money transmitter in each respective state that you are doing business:
Wisconsin Money Transmitter License Overview Wisconsin Money Transmitter License License The Wisconsin Department of Financial Institutions issues a license referred to as Seller of Checks License. This license is required for companies that engage in business as a seller of checks.…
Money Transmitter License West Virginia Who Controls the West Virginia Money Transmitter License? The West Virginia Division of Financial Services issues a Money Transmitter license to entities involved in the business of currency exchange, transmission or transportation of money. Activities…
Virginia Money Transmitter License Overview Do You Need a Money Transmitter License in Virginia? Are you planning to start a money transfer business in Virginia? Wondering whether you need a money transmitter license or not? Well, you do. Money transmission…
Vermont Money Transmitter License Overview Vermont Money Transmitter License Regulator The money transmitter license for Vermont is regulated by the Vermont Department of Financial Regulation. Who Should Apply for a Money Transmitter License in Vermont? Any company or person who…
Utah Money Transmitter License Overview Who Regulates the Money Transmitter License in Utah? The regulator that governs the money transmitter license in Utah is the Utah Department of Financial Institutions (DFI). The state handles MTL applications through the Nationwide Mortgage…
Indiana Money Transmitter License Overview Who Controls the Indiana Money Transmitter License The Indiana Department of Financial Institutions issues a Money Transmitter License to any entity that engages in the business of selling or issuing payment instruments primarily for personal,…
Idaho Money Transmitter License Overview Who Controls the Idaho Money Transmitter License The Idaho Department of Finance issues a Money Transmitter License to entities engaged in the sale or issuance of payment instruments, engaged in the business of receiving money…
Hawaii Money Transmitter License Overview Hawaii Money Transmitter License Regulator The money transmitter license for Hawaii is regulated by the Hawaii Division of Financial Institutions “DFI”. Who Should Apply for a Money Transmitter License in Hawaii? Individuals, partnerships, trusts, or…
Delaware Money Transmitter License Overview Who Requires a Money Transmitter License in Delaware? Money transmission is a regulated activity in Delaware. All money services businesses are required to obtain a license in Delaware prior to starting their business. Section 2303,…