Home/Industries/Bank accounts for MSBs and money transmitters
Industries
Bank accounts for MSBs and money transmitters
Money transmitters and MSBs need banks that understand their licenses and compliance programs. We know those banks, in the US and abroad, and we present your business to their compliance teams clearly and honestly. Subject to bank approval.
We place payment processing, business banking and crypto rails for high-growth, complex businesses with institutions that take the industry, then watch the chargeback ratios, reserves and reviews that get accounts closed, with more than one rail so one bank's no doesn't stop the business. Approval is never guaranteed.
Who it's for
- US money transmitters
- MSBs that need a new sponsoring bank
- Foreign MSBs and fintechs that need US accounts
- Remittance and payments companies
What the bank needs
- Licenses and the states or countries they cover
- AML and sanctions program
- Flow of funds
- Correspondent or FBO need, stated plainly
- Why the last bank exited, if it did
Take cards
Bank and move money
Bring the licenses and program you have. We tell your story accurately and advocate for you with banks that fit.