Getting a Money Transmitter License can feel confusing for companies in fintech and crypto. Every state has its own rules, and it is hard to know what you need or where to start. This tool helps you understand your readiness in a simple and practical way.
You will answer a short set of questions about your business model, flow of funds, compliance setup, capital, bonding, and other important areas. Based on your answers, you will receive a clear preliminary assessment along with the key steps that still need attention. This helps you understand what matters and what to prepare as you move toward licensing.
This tool is designed for companies such as:
- Fintech startups
- Payments or money movement products
- Wallet providers
- Crypto and stablecoin businesses
- Any company exploring licensing requirements
If you would like guidance on preparing for licensing or improving your readiness, Ridgeway Financial Services can help you build the right path forward.
When you are ready, click below to begin the assessment.
–>Start the MTL Readiness Assessment <–
Caution
This assessment is meant to give a general understanding of your readiness for a Money Transmitter License. It is not a legal determination and it does not replace professional advice. Licensing requirements can change and may vary by state and by business model. Always confirm final licensing obligations with qualified counsel before making compliance decisions.
For a full explanation of the Money Services Business lifecycle and how regulatory and compliance requirements apply at each stage, visit our detailed guide here.
Regulatory Lifecycle for U.S. Digital Money Services
Other MTL Information
Who needs an MTL?
Money Transmitter License (MTL) Guide
Compliance Officer (BSA/AML) for Fintech and Crypto Companies