Money Transmitter
- Exam
- Not reported
- Education
- Not reported
- Experience
- Not reported
- Background check
- Not reported
A Money Transmitter is a person engaged in selling or issuing payment instruments, stored value, or receiving money or monetary value for transmission. It is unlawful for a person to transact business in Arkansas as a Money Transmitter unless he or she is licensed. Requirements: 1) Must submit an application. 2) Must be bonded. 3) Must submit an audited financial statement. 4) Must submit a list of all locations within Arkansas that the Money Transmitter will engage in Money Transmission activities. Initial application fee: $1,500.00, Initial license fee: $750.00, Renewal fee: $750.00
Requirements reported by the state
- Licence type
- Registry
- Military and veterans
- A temporary license available to military and spouses until formal license approval
Issuing body
- Department
- Arkansas Department of Commerce
- Address
- 1 Commerce Way Suite 402 Little Rock, AR 72202
- Phone
- (501) 324-9260
- Agency website
- www.securities.arkansas.gov
- Last updated
- June 28, 2022
Occupations (O*NET)
- Money Transmitter 11-2022.00
Source and verification
This record is Arkansas's report to the Analyst Resource Center, published by CareerOneStop (October 2024 export). Everything shown comes only from that report.
Before you apply, confirm every detail with Arkansas Department of Commerce — see the issuing body section above.
How we process this data. Not legal advice.