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Division of Consumer Finance

Foreign Currency Exchanger

Money Transmitters Part III: Foreign Currency Exchanger: The license authorizes the holder to exchange currency of the U.S. or a foreign government to currency of another government, for compensation.

Application Requirements

Apply for the license online via online services.

  • Click here for licensing fee information.
  • Click here for required application information.
  • Click here for changes in the fingerprint requirement procedure.

Licensing standards to qualify for licensure apply pursuant to Chapter 560.1401, Florida Statutes.

Foreign Currency Exchangers may be required to maintain a federal registration as a Money Services Business (MSB) and comply with federal recordkeeping and reporting requirements. For additional information, click on the following links:

Maintaining or Renewing License

Filings to maintain, amend and renew the license are completed via online services.

**Refer to Chapter 560.143(2), Florida Statutes for the associated renewal fees.

Note the following required filings (see all applicable forms in the Forms section below):

  • Quarterly Reports, submitted within 45 days after the end of each calendar quarter.

As a licensee under Chapter 560, Florida Statutes, you are required to submit certain notices to the Office pursuant to Chapter 560.126, Florida Statutes. Refer to the statute for more information.

Click here for information regarding records to be maintained by Foreign Currency Exchangers.

** Above are only some of the requirements of a licensee under Chapter 560, Florida Statutes and Rule 69V-560, Florida Administrative Code. To review all requirements of a licensee, please access Chapter 560, Florida Statutes, and Rule 69V-560, Florida Administrative Code.

Forms

OFR-560-01 -- Application to Register as a Money Services Business
OFR-560-02 -- Location Notification Form
OFR-560-03 -- Declaration of Intent to Engage in Deferred Presentment Transactions
OFR-560-04 -- Money Services Business Quarterly Report Form

Statutes and Rules

Chapter 560, Florida Statutes - Money Services Businesses

Rule 69V-560, Florida Administrative Code - Money Transmitters