South Carolina Money Transmitter License

South Carolina Money Transmitter License Overview According to the Nationwide Licensing System, before applying for the South Carolina money transmitter license, you are advised to send an email to license@bofi.sc.gov detailing the operations you intend to carry out in the state including in order to determine the correct licensing jurisdiction. This license is required for any company or person engaging in the business of money transmission or advertising, soliciting, or holding itself out as providing money transmission. Money transmission means selling or issuing payment instruments or stored value, or receiving money or monetary value for transmission. Money transmission does not include the provision solely of delivery, online or telecommunications services, or network access. ...