Money Service Businesses
The Money Service Business (MSBs) plays a vital role in our global economy. And yet, MSBs are subject to tighter regulatory controls often making it difficult to find a bank prepared to meet the specific needs of the MSB. At First Midwest, we welcome your MSB and have dedicated resources to service your unique needs. We are committed to working with you and providing you with peace of mind in the long-term. First Midwest provides banking services to MSBs that:
- Cash checks
- Issue and sell travelers’ checks and money orders
- Transmit money across the globe
- Provide and sell pepaid cards
Our Money Service Business Program works seamlessly within a holistic cash management solution. Reviewed by federal regulators, our program provides MSB owners with accounts kept in compliance with federal regulations such as the Bank Secrecy Act (BSA) and USA PATRIOT Act.
For more information on financial solutions for your MSB, call us today at 800-322-3623 and we’ll connect you with a First Midwest Business Banker.