Virginia Money Transmitter License

Virginia Money Transmitter License Overview Do You Need a Money Transmitter License in Virginia? Are you planning to start a money transfer business in Virginia? Wondering whether you need a money transmitter license or not? Well, you do. Money transmission activities in Virginia are regulated by law, and you are required to be licensed if your business engages in any of the following activities: Bill payments Electronic money transfer Issuance of money orders FX dealing/exchanging Issuance of traveler’s checks Issuance of stored value Selling money order Selling traveler’s checks Selling stored value/prepaid access Who Is the Money Transmitter License Regulator in Virginia? The money transmission activities are regulated and licensed by the Virginia Bureau of Financial Institutions ...