Money Transmitter
- Exam
- Not reported
- Education
- Not reported
- Experience
- Not reported
- Background check
- None
Anyone that sells or issues payment transmissions through wire, facsimile, electronic transfer, or other transfer method in Idaho must be licensed as a Money Transmitter by the Idaho Department of Finance. To be licensed, applicants must: 1.) Submit an application with required documents and fees; 2.) Provide audited financial statements demonstrating a minimum net worth of $50,000 with a sliding scale to a maximum of $250,000; 3.) Deliver a surety bond to the Idaho Department of Finance in the amount of $10,000 on a sliding scale to a maximum of $500,000; 4.) Identify all Idaho locations where their business may be conducted. Term: Licenses are renewed annually.
Requirements reported by the state
- Licence type
- Stand-alone license
- Certification
- No mention of certification
- Background check
- No criminal record requirements
Issuing body
- Department
- Idaho Department of Finance
- Address
- 800 Park Blvd., Suite 200 P.O. Box 83720 Boise, ID 83720
- Phone
- (208) 332-8000
- Agency website
- http://finance.idaho.gov
- Last updated
- March 8, 2018
Occupations (O*NET)
- Money Transmitter 11-2022.00
Source and verification
This record is Idaho'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 Idaho Department of Finance — see the issuing body section above.
How we process this data. Not legal advice.