MSBs and Money Service Businesses

Money Transfer Business

What Is a Money Transfer Business. A money transfer business is a company that helps individuals and organizations send funds from one place to another. These businesses make it possible to move money domestically and internationally without requiring both parties to use the same bank.

Money Services Business (MSB)

What is a Money Services Business (MSB). A money services business (MSB) is a type of financial institution (FI) that provides specific financial services involving the movement, exchange, or storage of money.

Flow of Funds for US-Based MSBs

What is Flow of Funds for US-Based MSBs. Flow of funds for US-based MSBs describes how money moves through a licensed financial business from the moment a customer initiates a transaction until final settlement occurs.

International Money Transfer Operator (IMTO)

What is an International Money Transfer Operator (IMTO). An international money transfer operator (IMTO) is a company that enables people and businesses to send funds from one country to another.

MSB Bank Account

What is an MSB Bank Account. An MSB bank account is a specialized business banking relationship designed for companies classified as money services businesses.

Commingled Funds

What are Commingled Funds. Commingled funds, also referred to as pooled funds, are the consolidation of money from multiple clients or sources into a single account.

Car Title Loans

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