Dwolla: Does an online money transmitter need a separate money-transmitter license for each U.S. state in which it offers services?

Asked Jul 10, 2014· 1 answer ·United States

Faisal KhanAnswered Jul 10, 2014

Yes, your State issued MSB license allows you to do transactions online for in-State customers only, across state lines, you would be required to have an MSB for each state from where the transaction is originating from.

Money Transmitter Licenses (MTL)State-by-State MTL Requirements Money Services Business (MSB)Money Services Business License United States

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