Money Transmitters Overview
A money transmitter is a business that helps a person to send or receive money within
the United States or abroad, typically by means of a wire transfer, money order,
or stored value card. Money transmitters must have a license to operate and are
regulated by the Office of the Commissioner of Banks.
- The transition period to the Nationwide Multistate Licensing System & Registry (NMLS) for money transmitters is between November 15, 2016 and December 31, 2016. Existing licensees need to transition during this period. Please see FAQs for more information.