Money Transmitters
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.
Application Requirements
Apply for the license online via Online Services.
- Licensing fee information
- Required application information
- Fingerprint requirement procedure
- HB 3 Implementation for Financial Services Providers
Licensing standards to qualify for licensure apply pursuant to Chapter 560.1401, Florida Statutes.
Check cashers may be required to maintain a federal registration as a Money Services Business (MSB) and comply with federal recordkeeping and reporting requirements.
Additional Information
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.
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.
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.
- Annual Audited Financial Statements, submitted within 120 days after the end of the licensee’s fiscal year.
- Security Device Calculation Form, no later than January 31st of each year.
- Documentation of Increase in Collateral Device (If applicable)
**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.
View required records retention 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.
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
OFR-560-05 - Pledge Agreement
OFR-560-06 - Money Services Business Surety Bond Form
OFR-560-07 - Security Device Calculation Form
OFR-560-08 - Request for Exemption from Electronic Filing Requirements
OFR-560-09 - Disciplinary Guidelines for Money Services Businesses
OFR-560-10 - Money Services Businesses Attestation Form