Money Transmitters and Currency Exchangers
If you intend to conduct money transmission business in Washington, you must apply for a Money Transmitter license.
A Money Transmitter license also permits operation of a currency exchange business. If you intend to operate only a currency exchange business, you should complete the Currency Exchange license materials below.
What's New
-
Money Services Business Annual Assessment Report 2007
Due July 1, 2008. Download 2007 annual assessment report (PDF)*.
-
Money Services ListServ
Subscribe to the money services ListServ.
-
Financial Institutions That Handle Money Transmitter Accounts
If you are a money transmitter and your financial institution cancelled your business account, DFI's new list of financial institutions that handle money transmitter business accounts may help.
Applications and Forms
| Form | Word | |
| Washington Money Services License Application Updated | Word | |
| Money Services License Amendment Application New | Word | |
| Money Services Individual Background Form Updated | Word | |
| Money Services Authorized Delegate Form New | Word | |
| Money Services Annual Assessment Report 2007 | N/A | |
| Money Services Annual Assessment Report 2006 | N/A | |
| Money Services Annual Assessment Report 2005 | N/A | |
| Money Services Annual Assessment Report 2004 | N/A | |
| Money Services Surety Bond Form Updated | Word | |
| Money Services Assignment of Account or Time Deposit | N/A | |
| Currency Exchanger Quarterly Report Form | N/A | |
| Currency Exchanger Annual Assessment Report | N/A | |
| Currency Exchanger Office Closure/License Surrender Form | N/A | |
| Money Transmitter Quarterly Report Form | Word | |
| Money Transmitter Annual Assessment Report | N/A | |
| Money Transmitter Office Closure/License Surrender Form | N/A |
Laws and Rules
Applicants and licensees are expected to be knowledgeable about and in compliance with Chapter 19.230, Revised Code of Washington (RCW) and Chapter 208-690 of the Washington Administrative Code (WAC) adopted to implement the law, and any other applicable state or federal statutes and regulations.
Chapter 19.230 RCW - Uniform Money Services ActChapter 208-690 WAC - Regulation of Money Services Providers
Keeping Data Secure
To protect non-public sensitive information from unauthorized access, the Department of Financial Institutions (DFI) does not send, receive, or request the transmission of unencrypted electronic non-public sensitive information. Learn more...
* 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.
[Top]
