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Money Transmitter
License Description A Money Transmitter is a person engaged in selling or issuing payment instruments, stored value, or receiving money or monetary value for transmission. It is unlawful for a person to transact business in Arkansas as a Money Transmitter unless he or she is licensed. Requirements: 1) Must submit an application. 2) Must be bonded. 3) Must submit an audited financial statement. 4) Must submit a list of all locations within Arkansas that the Money Transmitter will engage in Money Transmission activities. Initial application fee: $1,500.00, Initial license fee: $750.00, Renewal fee: $750.00
Licensing Agency
Arkansas Department of Commerce
1 Commerce Way, Suite 402
Little Rock, AR 72202-2086
(501) 324 9260
asdinfo@arkansas.gov
Active Status Active
Active Military/Veterans A temporary license is available to military and spouses until formal license approval
License Type Register with licensing agency
License Updated 06/28/2022
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