The money transmitter license requirements vary from State to State (a list of all the <\/span>US State Financial Regulators<\/span><\/a> can be found here).<\/span><\/p>\n\n\n\n The license application itself is not that difficult to pursue. Many applicants file for a money transmitter license for a single state using an attorney \/ law firm, and for the remainder of the applications, they file it themselves.<\/span><\/p>\n\n\n\n Once you have familiarized yourself with the money transmitter license requirements, you will observe that they are pretty much the same all across other States with a few differences here and there. <\/span><\/p>\n\n\n\n The most important aspect of getting a firm grasp on the money transmitter license requirements, is understanding the taxonomy and nomenclature used in the industry and by the financial regulators.<\/span><\/p>\n\n\n\n This is what a typical money transmitter license application would consist of (example taken from <\/span>Department of Financial Service, New York<\/span><\/a>).<\/span><\/p>\n\n\n\n