Money Transmitters Registered with FinCEN, by State (2026)

Colorado is home to more money-transmitter listings in FinCEN's MSB Registrant Search than any other state, 4,354, and 91% of them name every state as a place of operation. Across the country, 61% of the 23,428 money-transmitter listings name a single state and 35% name every state, according to FinCEN's registrant search. In California, next with 3,251 listings, 79% name one state, according to the same FinCEN file.

Registration with FinCEN is not a license. States license money transmitters, and nothing in FinCEN's file says whether a listed business holds a state license. FinCEN states that a listing "is not a recommendation, certification of legitimacy, or endorsement of the business by any government agency", and that the information "reflects only what the registrant has provided to FinCEN". This page therefore counts listings and ranks no business.

Money-transmitter listings by home state

The state of the address each registrant gave FinCEN, the share that name every state as a place of operation, and the share that name one. Data as of FinCEN's update of October 19, 2026.

Rank	Home state	Money-transmitter listings	Name every state	Name one state	Distinct street addresses	Source
1	Colorado	4,354	91%	7%	1,357	FinCEN
2	California	3,251	18%	79%	2,730	FinCEN
3	Texas	1,852	8%	90%	1,650	FinCEN
4	New York	1,280	60%	35%	823	FinCEN
5	Florida	992	17%	74%	871	FinCEN
6	Illinois	653	10%	87%	576	FinCEN
7	North Carolina	650	3%	94%	582	FinCEN
8	New Jersey	616	12%	82%	534	FinCEN
9	Delaware	610	62%	29%	221	FinCEN
10	Michigan	572	3%	95%	496	FinCEN
11	Georgia	502	6%	89%	458	FinCEN
12	Montana	446	30%	66%	105	FinCEN
13	Virginia	427	4%	92%	393	FinCEN
14	Tennessee	417	3%	96%	369	FinCEN
15	Wyoming	399	64%	25%	122	FinCEN
	The other 40 states, DC and territories	5,222	10%	86%		FinCEN
	Outside the US, or no state given	1,185	85%	7%	733	FinCEN

Download this table (CSV), free, with every state. The full dataset, every listing in FinCEN's file with its activities and states of operation, is one email away.

How many states a money transmitter names

Each registrant lists the states where it conducts its money services business, or marks that it operates in every state.

States of operation named	Money-transmitter listings	Share	Source
One state	14,310	61%	FinCEN
Two or more, but not every state	918	4%	FinCEN
Every state	8,200	35%	FinCEN

Colorado's 4,354 money-transmitter listings give 1,357 distinct street addresses, and 30% of them give one of the five most common, according to FinCEN's file.

What the listings say they do

A registrant names every activity it conducts, so one listing can name several. Check cashing is named most often, in 27,166 of the 34,276 listings, according to FinCEN's registrant search; 17,362 listings name both check cashing and money transmission.

Activity (FinCEN's code)	Listings naming it	Share of all listings	Source
Check casher (408)	27,166	79.3%	FinCEN
Money transmitter (409)	23,428	68.4%	FinCEN
Seller of money orders (405)	17,522	51.1%	FinCEN
Dealer in foreign exchange (415)	8,599	25.1%	FinCEN
Issuer of money orders (404)	6,891	20.1%	FinCEN
Seller of prepaid access (413)	6,422	18.7%	FinCEN
Seller of traveler's checks (402)	4,980	14.5%	FinCEN
Issuer of traveler's checks (401)	4,707	13.7%	FinCEN
Other (499)	2,198	6.4%	FinCEN
Provider of prepaid access (414)	155	0.5%	FinCEN

What this means for technology buyers

A FinCEN registration says a business has told the government it is a money services business. It says nothing about whether the business is licensed, sound or what it claims to be, and FinCEN says so. A bank or payments company that serves money transmitters has to do its own customer due diligence, and keep monitoring the accounts. These guides compare the systems for that work:

• KYC automation platforms: identifying and verifying business customers and the people behind them.
• AML transaction monitoring for banks and fintechs: monitoring the flows of money services business customers.
• Sanctions screening software for global banks: screening counterparties and payments.
• Real-time payments platforms: the rails a money transmitter's payments move on.

Mapping a payments business before choosing its systems? The Payments Industry Capability Model sets out what a payments firm does.

More from Finantrix Atlas

• Bank Secrecy Act enforcement: FinCEN actions and penalties
• CFPB complaints about digital payments
• FedNow participants
• OFAC sanctions penalties

How this list was built

The universe is every listing in FinCEN's MSB Registrant Search, read from the file FinCEN offers on the search page as a download, 34,276 listings as of FinCEN's update of October 19, 2026. A listing is counted as a money transmitter when it names FinCEN's money transmitter activity. A listing names every state when FinCEN's flag marks it as operating in all states, with or without the territories.

The file has no registration number, and a registrant can appear once for each current filing, so it holds more listings than the 29,262 registered businesses FinCEN counts on the same page. Counting each name once per state leaves the order of the three states at the top unchanged. For two states, the search's own results were checked against the file and match it row for row.

Limits

• Registration is not licensing. States license money transmitters; this file does not say who holds a license.
• Self-reported. Every field, including the states of operation and the number of branches, is what the registrant filed, and FinCEN lists it as filed.
• Not every registrant is listed. FinCEN removes some registrants from the public list, for reasons its search page sets out, and a registrant that does not renew drops off.
• Listings, not businesses. A business with more than one current filing is counted once per filing.
• Home state is the address filed, which need not be where the business serves customers.
• One date. The data is FinCEN's update of October 19, 2026; FinCEN updates the search weekly.

Cite this

Free to quote, cite and republish, including the chart, with credit to Finantrix Atlas and a link to this page.

Colorado has more money-transmitter listings in FinCEN's MSB Registrant Search than any other state, 4,354, and 91% of them name every state as a place of operation, according to a Finantrix Atlas analysis of FinCEN data.

Suggested citation: Finantrix Atlas, "Money Transmitters Registered with FinCEN, by State," data as of October 19, 2026, from FinCEN's MSB Registrant Search. https://www.finantrix.com/articles/money-transmitters

Embed the chart:

<a href="https://www.finantrix.com/articles/money-transmitters"><img src="https://www.finantrix.com/atlas/money-transmitters.png" alt="Money-transmitter listings in FinCEN's MSB Registrant Search by home state, from Finantrix Atlas"></a>
<p>Chart: <a href="https://www.finantrix.com/articles/money-transmitters">Finantrix Atlas</a>, from FinCEN's MSB Registrant Search.</p>

Frequently asked questions

Q: How many money transmitters are registered with FinCEN? A: 23,428 listings in FinCEN's MSB Registrant Search name money transmission as an activity, as of October 19, 2026. A registrant can be listed once for each current filing.

Q: Which state has the most registered money transmitters? A: Colorado, with 4,354 money-transmitter listings in FinCEN's registrant search, by the address each registrant filed. 91% of them name every state as a place of operation, according to FinCEN's file.

Q: Does FinCEN registration mean a money transmitter is licensed? A: No. FinCEN registration is a federal Bank Secrecy Act filing. States license money transmitters, and FinCEN states that a listing is not an endorsement of the business.

Q: How often is the FinCEN MSB list updated? A: Weekly, according to FinCEN. This page uses the update of October 19, 2026.