Where can I find a detailed breakdown of money transmitter license costs in the United States?

Asked Feb 1, 2023· 1 answer ·Americas, Developed Markets, North America, United States
Faisal KhanAnswered Feb 1, 2023

Typically, the financial regulator of each state puts out some kind of information on how much it costs to get a money transmitter license.

The NMLS (Nationwide MultiState Licensing System) also provides information packets on each state, and is usually well updated.

It just remains a bit of a spaghetti mess to browse through it all.

Here is a Summary Table of US Money Transmitter Licenses with respect to:

  • US Money Transmitter License Cost (broken down by state)
  • A Summar Table of the US Money Transmitter License Options (i.e. what options are available to you).
Money Transmitter Licenses (MTL)US LicensingMoney Services Business LicenseState-by-State MTL Requirements AmericasDeveloped MarketsNorth AmericaUnited States
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