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How to Get an MSB Account Approved at Banks That Accept MSB Accounts

SUMMARY:

Getting your MSB account approved is possible if you present your business transparently and choose banks that welcome money services businesses.

Hundreds of MSBs have succeeded by following an organized process—after reviewing over 1,500 real cases and conducting 8,000+ expert consultations, it's clear most MSBs can get accounts with the right preparation.

91%
Success rate with our method
3.5X
Better results than standard approaches
14 Days
Average time to see results
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MSB Banking

Banks That Accept MSB Accounts

Why Most People Get This Wrong


Many MSBs fail to secure accounts because they overlook how banks review business risk, rely on rumors instead of firsthand expertise, and fail to present compliance clearly.

Risk Misunderstanding

Most MSBs don’t realize banks care about how you manage compliance and risk more than your revenue or customer base.

Bank Relationship Gaps

Lack of established communication and credibility with banking teams leads to quick denials.

Compliance Presentation Errors

Poorly presented compliance documentation creates uncertainty and mistrust, killing your chances.

Our Proven 4-Step Solution

Our proven 4-step method has helped dozens of remittance companies open and maintain stable banking relationships globally.

1

First, Research and Target Banks That Welcome MSBs

Identify banks known for supporting MSBs and confirm their current appetite for new MSB clients.

2

Next, Prepare Comprehensive Compliance Documentation

Gather and organize all compliance, AML, and business documents banks need to build trust.

3

Then, Engage with Decision Makers Early

Initiate transparent, honest communication with Relationship Managers or Compliance Officers from the start.

4

Finally, Address All Risk & Compliance Concerns

Proactively provide detailed explanations on how your MSB handles compliance and regulatory obligations.

Ready to find out which banks accept MSB accounts?

Let our expert team guide you—hundreds of MSBs have opened accounts smoothly with our specialized guidance and support.

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