Title: Money Transmitters / Currency Exchange and Check Cashers / EFT (ATMs)
Alternate Title:
Description:
The Minnesota Department of Commerce licenses and regulates individuals and businesses that cash checks, transmit money, own and operate ATMs, and provide electronic funds transfers.
Subject: Currency Exchange
Finance
Financial Institutions
Creation Date: 9/11/2008 2:12:09 PM
Modification Date: 5/8/2026 10:16:47 AM
Agency Name: Commerce, Minnesota Department of
Agency URL: https://mn.gov/commerce/
Agency Description:
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.
Agency Phone: 651-539-1500
Agency Fax: Agency URL: https://mn.gov/commerce/
Agency Address:
85 7th Place East, Suite 500
St. Paul
MN
55101
Division Name: Financial Institutions Divisions
Division URL:
Division Description:
Division Phone: 651-539-1570
Division Fax: Division URL:
Unit Name: Electronic Financial Terminal
Unit URL:
Unit Description:
Unit Phone: Unit Fax: Contact person(s): electronicfinancialterminal.commerce@state.mn.us
Unit URL:
Audience: Hold
Application URL: https://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx
Renewal URL: https://mortgage.nationwidelicensingsystem.org/slr/common/renewals/Pages/default.aspx
Versa URL:
Requirements:
Rules: 2872.0100
Statutes: 53A
53B
53B.27
Forms:
Fees:
Money Transmitters - $4,000 initial license application fee. The fee is nonrefundable.
Period of Issuance:
Length of Determination:
Other Info:
Activity: Loans (Non-Bank Lenders)
License Detail URL:
Money Services Businesses
Financial Institutions
License Lookup Directory
