Answered

How to Open an MSB Account Without Facing Common Pitfalls

SUMMARY:

Opening an MSB Account can be challenging due to strict compliance rules and high-risk designations. With the right approach and thorough preparation, you can improve your chances of approval and avoid unnecessary rejections.

Seeking a reliable way to secure an MSB Account? After analyzing 1,500+ cases and helping hundreds of businesses, I’ve perfected a process that greatly increases approval rates and helps MSBs maintain strong 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.

Get Banking

MSB Account

Why Most People Get This Wrong

Most people struggle to open an MSB Account because they overlook essential compliance requirements, fail to present the full business picture, and underestimate the value of robust documentation.

Compliance Gaps

Many MSBs fall short with incomplete AML/KYC programs or lack solid compliance documentation, leading to immediate rejections.

Weak Business Narrative

Without a well-prepared business narrative, banks are left unconvinced about the legitimacy of the MSB, resulting in doubt and denial.

Insufficient Documentation

Inadequate or disorganized documentation prevents banks from efficiently performing due diligence, stalling or sinking applications.

Our Proven 4-Step Solution

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

First, Prepare Compliance Documentation

Gather and organize all required AML/KYC policies, licensing, and regulatory materials in advance.

Next, Build a Strong Business Narrative

Clearly articulate your business model, customer profiles, and how you transparently operate within legal boundaries.

Then, Organize Critical Documents

Ensure your business licenses, financial statements, and compliance files are up-to-date and easy to present.

Finally, Engage With Banking Professionals

Consult with banking specialists experienced in MSB accounts to refine your application and reduce the risk of errors.

Need Help Opening an MSB Account?

Join dozens of MSBs who’ve partnered with our team to secure safe, ongoing banking relationships using our tested four-step process.

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.