Electronic Funds Transmission (EFT) Authorization (Non-financial Institutes)
Agency contact information:
Commerce, Minnesota Department of
85 7th Place East, Suite 500
St. Paul, MN 55101
Division of Financial Institutions
(651) 539-1548 (fax)
Contact Info: firstname.lastname@example.org
The Minnesota Department of Commerce is the chief regulator for the banking, energy, insurance, real estate, securities, telecommunications industries and also operates Minnesota's Unclaimed Property.
Minn. Stats. 47.61
Electronic Funds Transfer Transmission Facility Authorization Application
Contact the MN Dept. of Commerce at (651) 539-1700.
Further information on the application requirements contact the MN Department of Commerce at (651) 539-1700.
$100 filing fee for non-financial institution application which may include multiple locations.
Period of Issuance:
Perpetual until suspended or voluntarily closed or sold.
Length of Determination Process:
45 days after submission of complete application for nonfinancial institutions.
Other Pertinent Information:
Minn. Stat. § 47 .61-.74.