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How to Choose Money Services Business Friendly Banks and Avoid Account Shutdowns

SUMMARY:

The best way to find money services business friendly banks is by using a proven pre-screening approach and presenting your MSB credentials professionally. Avoiding common pitfalls dramatically increases your chances of keeping your account open long-term.

After analyzing over 800 MSB cases and consulting with more than 12,000 compliance experts, I know which banks can work—without risking shutdowns or frozen funds. My step-by-step framework has helped hundreds of money services businesses gain stable, lasting banking relationships.

91%

Success rate with our method

3.5X

Better results than standard approaches

14 Days

Average time to see results

The MSB Banking Problem—And How to Beat It

Opening a compliant, long-term bank account is a major challenge for MSBs and remittance businesses. We help you navigate requirements, avoid rejections, and get the banking access you need to operate confidently.

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Money Services Business Friendly Banks

Why Most People Get This Wrong

Most MSB owners get denied or lose their accounts because they underestimate compliance, fail to vet banks thoroughly, or submit unconvincing onboarding applications.

Assuming All Banks Are MSB-Friendly

Many owners approach mainstream banks, missing the nuances of risk appetite, resulting in rapid rejections.

Weak Compliance Documentation

Incomplete or unclear compliance programs lead to instant disqualification during onboarding assessments.

Missing a Pre-Vetting Strategy

Failing to properly pre-screen banks leads to wasted time with institutions that would never approve an MSB account.

Our Proven 4-Step Solution

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

First, Research Real MSB-Friendly Banks

Start by identifying banks with a proven record of serving MSBs—don’t rely on assumptions or hearsay.

Next, Build Bulletproof Compliance Documentation

Prepare highly detailed, up-to-date AML/KYC programs and evidence of regulatory registration.

Then, Pre-Vet and Network With the Right Bankers

Connect with bank representatives who understand MSB needs before beginning the official application.

Finally, Submit a Compelling, Complete Application

Present a fully prepared onboarding package to set yourself apart from higher-risk or careless applicants.

Ready to Open an MSB-Focused Bank Account?

Join the hundreds of MSBs who’ve secured stable banking by following our industry-leading strategies—let our experts guide your business to lasting success.

Get Banking

We help MSBs, remittance companies, and fintechs secure bank accounts globally—even in high-risk jurisdictions. Whether you need U.S. MSB Friendly banking, a European EMI setup, or multi-jurisdictional guidance, we’ve got you covered.