2 Simple Packages
Clear and transparent pricing.
No hidden costs, No Long Meetings, Straight to the point pricing for you MSB.
Montana MSB Formation
Montana LLC setup and MSB registration with FINCEN. Includes AML policy documentation and full process management.
$5k
Montana MSB Purchase
New ready-made MSB company acquisition with FinCen Registration. No trading activity, the company name can be changed.
$10k – £20k
Additional Services
| Service | Our Fee | Typical Consultant Fee |
|---|---|---|
| AML Policy Suite | $1,000 | $3,000 |
Bank Opening Service
|
$5,000 | $10,000 – $15,000 |
About Montana MSB.
The information on Money Services Businesses (MSBs) in Montana is quite unique compared to almost every other U.S. state, making it a very popular choice for FinTechs and international financial companies.
The key takeaway is that Montana does not require a separate state-level Money Transmitter License (MTL).
Here is a breakdown of the requirements and advantages of establishing an MSB in Montana:
🏔️ Montana MSB: Key Features
1. No State-Level License Required
- The Difference: Montana is the only U.S. state that does not mandate a state-issued license (like a Money Transmitter License or MTL) for MSBs, which significantly reduces compliance complexity, costs, and the time-to-market.
- Avoids State Fees: This eliminates large state-specific fees, financial requirements (like minimum net worth), and the need for expensive surety bonds often exceeding $100,000 required in other states.
2. Mandatory Federal Registration (FinCEN)
- Federal Requirement: Even without a state license, any business operating as an MSB in Montana must comply with federal regulations and register with the Financial Crimes Enforcement Network (FinCEN).
- FinCEN Form 107: This registration is done by filing FinCEN Form 107 (Registration of Money Services Business). This is a single, unified federal registration.
- Compliance Program: The company must still develop and implement a comprehensive Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) program, appoint a Compliance Officer, and adhere to the Bank Secrecy Act (BSA) rules, including filing Currency Transaction Reports (CTR) and Suspicious Activity Reports (SAR).
3. Advantages for FinTechs and International Businesses
- Speed to Market: The process is significantly faster than in multi-licensed states, often taking as little as 4–8 weeks for full setup and registration (including company incorporation and banking setup).
- Cost-Effective: It is one of the most cost-effective jurisdictions for obtaining U.S. MSB status.
- International Focus: The structure is highly attractive to international FinTechs and crypto businesses seeking a U.S. corporate presence without the burden of complex, state-by-state regulatory requirements.
