Money Transmitters

Money Transmitters in the U.S. are part of a larger group called Money Service Businesses. Under federal law, businesses whose activity falls within the state definition of a money transmitter must register for a license, and many states require a surety bond and a minimum capital requirement. Money transmitters provide money transfer services or payment instruments such as traveler’s checks and money orders.

Here on LawServer you’ll find relevant state laws about money transmitters, and related legal Questions & Answers.