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Apply for a check casher license

Anyone who engages in cashing checks, drafts, or money orders for more than $ 1.00 per item in Massachusetts must be licensed by the Division of Banks (DOB).
Get started using Nationwide Multi-State Licensing System (NMLS)  Log in to NMLS 

Contacts

Division of Banks

Phone

Main Call Division of Banks, Main at (617) 956-1500

Open Monday through Friday 9:00 am - 4:00 pm.

Toll-Free Call Division of Banks, Toll-Free at (800) 495-BANK (2265)

Open Monday through Friday 9:00 am - 4:00 pm.

TDD Call Division of Banks, TDD at (617) 956-1577

Open Monday through Friday 9:00 am - 4:00 pm. Use this number if you are hearing impaired.

Online

Contact us Contact detail by unit or inquiry 
Press Contact (Media Inquiries Only) Email Division of Banks at ocabr.communications@mass.gov

The Details   of Apply for a check casher license

What you need   for Apply for a check casher license

All applications for company or branch licenses must be filed with the DOB through NMLS.

When applying for a check casher license, you must demonstrate that there is a public need for the check casher in the area where you will be operating.

The DOB recommends reviewing all applicable laws, regulations, and regulatory bulletins regarding check cashers before you submit a license application.

Fees   for Apply for a check casher license

Name Fee Unit
License fee $1,000 per license
Investigation fee $300 per license
Credit report fee $15 per control person
FBI criminal background check $36.25 per owner(s) and control person(s)

How to apply   Apply for a check casher license

All check casher license applications are submitted online using NMLS. All supporting documents must be mailed to the DOB.

If you are associated with a company, it is important to check in with your company before creating or completing a record in NMLS.

Paper license applications are no longer accepted.

Mail documents to the DOB:

Massachusetts Division of Banks

Loan Originator Licensing

1000 Washington Street, 10th Floor

Boston, MA 02118

More info   for Apply for a check casher license

All fees collected through the NMLS are nonrefundable.

Contact   for Apply for a check casher license

Address
Main Office
1000 Washington Street, 10th Floor, Boston, MA 02118-6400
Directions 
Phone
Main Call Division of Banks, Main at (617) 956-1500

Open Monday through Friday 9:00 am - 4:00 pm.

Toll-Free Call Division of Banks, Toll-Free at (800) 495-BANK (2265)

Open Monday through Friday 9:00 am - 4:00 pm.

TDD Call Division of Banks, TDD at (617) 956-1577

Open Monday through Friday 9:00 am - 4:00 pm. Use this number if you are hearing impaired.

Online
Contact us Contact detail by unit or inquiry 
Press Contact (Media Inquiries Only) Email Division of Banks at ocabr.communications@mass.gov
Fax
(617) 956-1599

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