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Office of Consumer Protection

Beware of Unlicensed Money Transmitters!   En español

When sending money to family and friends, choose money transmitters carefully! Maryland law requires:
  • Money transmitters to be licensed and have an insurance bond to cover the loss if your money does not reach its destination.
  • Legitimate money transmitters must display their Maryland license on the premises and show it to the customer if requested. 
  • Do not do business with anyone working out of a car, parking lot, apartment or home that does not appear to be a legitimate business.
  • Use only licensed money transmitters.  

From the Maryland State   Office of the Commissioner of Financial Regulation.

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