The Division's Money Transmitters Section regulates money transmitters doing business in Ohio. The Money Transmitters Section is made up of office staff and field examiners and is supervised by the Deputy Superintendent for Banks. This page offers access to laws and guidelines for Ohio money transmitters. Here you will also find application materials and other useful resources from the Money Transmitters Section.
The Ohio Money Transmitters Act requires any person, regardless of the location of that person, its facilities, or its agents, who receives directly or indirectly and by any means, money or its equivalent for transmission from a person located in the State of Ohio, to have a money transmitter license, unless the person receiving the money or its equivalent for transmission is an authorized delegate of a licensee that is not itself required to be licensed, or is otherwise exempt from licensure. Check the Guides & Resources page for interpretive guidance and additional information related to Ohio money transmitter licensing requirements.
The Division receives all money transmitter applications via the Nationwide Multistate Licensing System (NMLS). Follow every step in the appropriate checklist when you provide your application. Additional detail regarding and links for new application, change of control, and license surrender request checklists are provided on the Applications & Forms page.