Ohio Money Transmitter Licensing Requirements:
Who needs to be licensed as a money transmitter licensee?
Under Ohio statute, those receiving money for transmission from a person located in the state must obtain a money transmitter license.
Specific license requirements for Ohio money transmitters.
The superintendent determines the application fees and documents required to apply as a money transmitter in the state. Information is determined on an individual basis.
What are the Ohio surety bonding requirements?
Bonding requirements for Ohio money transmitter license include:
Requirements for Ohio are determined upon the commissioner’s discretion, they fall somewhere between $300,00 and $2,000,000.
Additional resources: Ohio Transmitters of Money Act
Who needs to be licensed as a money transmitter licensee?
Under Ohio statute, those receiving money for transmission from a person located in the state must obtain a money transmitter license.
Specific license requirements for Ohio money transmitters.
The superintendent determines the application fees and documents required to apply as a money transmitter in the state. Information is determined on an individual basis.
What are the Ohio surety bonding requirements?
Bonding requirements for Ohio money transmitter license include:
Requirements for Ohio are determined upon the commissioner’s discretion, they fall somewhere between $300,00 and $2,000,000.
Additional resources: Ohio Transmitters of Money Act
