Washington State Department of Financial Institutions

How to Transition Existing Money Transmitter or Currency Exchange License to NMLS

Effective April 16, 2012, Washington introduced NMLS as a new way to maintain your Money Transmitter or Currency Exchange license. NMLS streamlines the application process as well as the maintenance of your company’s license by providing a central location for company information and reducing the items you must mail to DFI.

If you operate in multiple states, you must have an approved transition of your license to NMLS by December 31, 2013. If you operate exclusively for persons in Washington, participation on NMLS is optional at this time.

Steps to Transition Your Existing Money Transmitter License to NMLS

  1. Review the Company Transition Checklist (PDF)*
    Identify and gather the items that will need to be electronically uploaded and entered in NMLS
  2. Complete and Submit a Washington Money Transmitter Transition Request Through NMLS.
    Please note: you will need your Washington State Money Transmitter license number to apply for the transition.

Steps to Transition Your Existing Currency Exchange License to NMLS

  1. Review the Company Transition Checklist (PDF)*
    Identify and gather the items that will need to be electronically uploaded and entered in NMLS
  2. Complete and Submit a Washington Currency Exchange Transition Request Through NMLS
    Please note: You will need your Washington State Currency Exchange license number to apply for the transition.

Money Transmitter and Currency Exchange Transition Resources


Questions? Contact Us

If you have any questions about information on this webpage feel free to contact us by phone at (360) 902-8703 or toll free at 1-877 RING DFI (746-4334).

You may also email us at dcs@dfi.wa.gov.

* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.

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