Major National Banks Offering Money Services Business Checking Accounts MSB's

Do you own a business which is considered a MSB or money services business? If so you're probably already well aware what a challenge it can be finding a bank who will accept or allow a MSB or money services business to have an account with them.

Large National Banks With MSB Divisions

For years now MSB's have been unfairly shut out of banking. In the past few years it's gotten even worse with many banks outright refusing to bank MSB's or money services businesses.

You will most likely have your best luck and best chance finding small local credit unions and community banks, however if you've called everyone in your area and still havn't found a bank willing to take on your business you may want to check with a few of these large national banks which you will be more likely to have in your area.

Large National Banks With MSB Divisions

1. US Bank

2. Fifth-Third Bank

3. MB Financial

These banks listed above are larger national banks which you should likely have in your area. These banks are very conservative and very picky about who they will allow in. Part of me wonders if they even take on MSB's or are simply doing lip-service saying they do, however if you've exhausted all other resources it can't hurt to give these a try.

In my personal experience US Bank completely blew me off. Fifth Third bank was helpful and actually tried to get me an account, however in the end we weren't approved for vague reasons. MB Financial was also very helpful and the manager of the bank was very friendly, however again we were unable to get an MSB account at MB Financial.

MSB Friendly Banks List - List Of Banks Who Accept Money Services Businesses

Are you a currency exchange, check casher, prepaid card seller or do you sell foreign currency? If so you're probably aware of what a challenge it is finding banks who aren't close minded and are willing to accept and take on MSB's or Money Services Businesses. It can be quite a challenge.

Below are a list of MSB friendly banks or banks who have been known to take on MSB's or Money Services Businesses. Some of this information may be dated, some of these banks may take on check cashiers but not foreign currency sellers while others may take on foreign currency sellers but not check cashers.

List Of MSB Friendly Banks Money Services Business

We can't gurantee you'll have luck with these banks but this list beats cold calling banks hearing hundreds of "no sorry we no longer accept MSB's."

I have personally called around to every bank on this list as well as countless others. Many of these banks still actively take on MSB's, however several will only deal with businesses in their immediate geographic area which means unless you are willing to move your bank to that particular town or a surrounding town you probably won't have luck.

Check out the list below. If you're familiar with banks who take on MSB's or Money Services Business please feel free to leave a comment in the comments section below to help others.


1st Constitution Bank
1 Harrison Street
Jamesburg, NJ 08831
609.655.4500
Irv@1stconstitution.com

Actors Federal Credit Union
165 West 46th St
New York, NY 10036
212.869.8926

Bank Of Albuquerque
201 Third Street NW Suite 1400
Albuquerque, NM 87102
505.222.7406

Bank Of America - Contact Your Local Branch
100 North Tryon St
Suite 2200
Charlotte, NC 28202
704.386.4771

Bank Of Texas
713.578.3556

Bethex Federal Credit Union
20 E 179 St
Bronx, NY 10453
718.299.9100

Bridgeview Bank
7940 S. Harlem Ave
Bridgeview, IL 60455
800.794.2070

Capital One Bank
1001 Avenue of the Americas
2nd Floor
New York, NY 10018

Check Alt Payment Solutions - NOT A BANK - Service For Check Cashiers
5670 Wilshire Blvd
Suite 1530
Los Angeles, CA 90036
310.417.1050

Fidelity Federal Bank & Trust
1611 8th St SE
Dyersville, IA 52040
563.875.2825