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
(651) 539-1600 | (800) 857-3602
Division of Financial Institutions
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
Forms are available on the MN Dept. of Commerce website at Money Transmission or by contacting the MN Dept. of Commerce at (651) 539-1600.
Review the MN Dept. of Commerce website, Money Transmission section, under the ATM tab.
$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.