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Money Transmitter
License Description Anyone that sells or issues payment transmissions through wire, facsimile, electronic transfer, or other transfer method in Idaho must be licensed as a Money Transmitter by the Idaho Department of Finance. To be licensed, applicants must: 1.) Submit an application with required documents and fees; 2.) Provide audited financial statements demonstrating a minimum net worth of $50,000 with a sliding scale to a maximum of $250,000; 3.) Deliver a surety bond to the Idaho Department of Finance in the amount of $10,000 on a sliding scale to a maximum of $500,000; 4.) Identify all Idaho locations where their business may be conducted. Term: Licenses are renewed annually.
Licensing Agency
Idaho Department of Finance
800 Park Blvd., Suite 200, P.O. Box 83720
Boise, ID 83720-0031
(208) 332 8000
finance@finance.idaho.gov
Active Status Active
Criminal Record No criminal record prohibitions
License Type Stand-alone license
License Updated 03/08/2018
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