Money Transmitters Part II: Money Transmitter: This license authorizes the holder to transmit currency, monetary value, or payment instruments, either by wire, facsimile, electronic transfer, courier, the Internet, or through bill payment services or other businesses that facilitate such transfer, within this country or to or from locations outside this country.
A licensee under PART II may also engage in the activities authorized under PART III of this chapter without the imposition of any additional licensing fees.
Applicants are subjected to Minimum Net Worth, Annual Audited Financial Statements, & Surety Bond requirements pursuant to Chapter 560.209, Florida Statutes, refer to the statutes below for more information.
Click here for changes in the fingerprint requirement procedure.
Licensing standards to qualify for licensure apply pursuant to Chapter 560.1401, Florida Statutes.
Money Transmitters are 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:
**Note: Licensees are required to maintain net worth regardless if the audited financial report is submitted under the name of the licensee or the licensee’s parent company.
Click here for records that are required to be maintained by Money Transmitters.
** 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, online at the links provided below.
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 OFR-560-05 -- Pledge Agreement OFR-560-06 -- Money Services Business Surety Bond Form OFR-560-07 -- Security Device Calculation Form