West Virginia Money Transmitter License

Money Transmitter License West Virginia Who Controls the West Virginia Money Transmitter License? The West Virginia Division of Financial Services issues a Money Transmitter license to entities involved in the business of currency exchange, transmission or transportation of money. Activities Authorized by the West Virginia Money Transmitter License This license authorizes the following activities: Currency exchange Currency transportation Currency transmission Check cashing and money order sales. West Virginia Money Transmitter License Net Worth and Surety Bond To acquire a Money Transmitter License in West Virginia, you need a minimum tangible net worth of $50,000. The Division of Financial Institutions requires Electronic Surety Bonds through NMLS. Required surety bond levels are determined as provided below: ...