If you're classified as an MSB (money services business), and are looking for a bank account, chances are you might be declined. Banks have classified MSBs as high risk and due to de-risking they decide not to bank them. When looking for a bank account for your MSB, you will have to use your network, … Continue reading Opening a MSB Business Bank Account
MSB or Money Services Businesses need a bank account for different purposes that are essential to the basic working of their system. When an account is declined, it can mean big problems. In order to understand the importance of bank accounts and MSB friendly banks for this industry, you must know how a money transfer … Continue reading Why Do Money Services Businesses Need a Bank Account?