Money Services Businesses (MSBs)

Money Services Business banking designed for your unique needs

Money Services Businesses (MSBs), Financial Service Centers and similar types of businesses are now essential to national and local markets and play a vital role in providing essential financial services to underserved communities.

Our MSB banking solutions support a full range of FinCEN registered businesses, including:

• MSBs of all sizes
• Financial Service Centers
• Check Cashers
• Money Transmitters
• Retail Businesses offering MSB services

First American Bank is committed to providing professional expertise for Money Services Businesses. We offer more than basic banking services. Our full range of banking and treasury management solutions supports your growth and efficiency.

We understand the challenges and rules that MSBs deal with. That’s why we have a team of skilled professionals who know the industry well. Our experts will guide you through the financial landscape to ensure you have the resources and knowledge you need to take advantage of opportunities.

Banking solutions build for MSBs:

Treasury Management

• Operating accounts
• Cash delivery services
• Money order issuance
• Immediate availability of funds
• Cash orders charged on day of delivery
• Zero Balance Accounts (ZBA)
• Remote Deposit Capture (RDC)
• ACH Origination
• Wire Transfer
• Ca$hTrac Business Online Banking
• Foreign Exchange
• Positive Pay
• ACH Debit Block and ACH Positive Pay
• Dual Controls

Financing

• Acquisition and Development Financing
• Working Capital Loans
• Revolving Line of Credit Sweeps

Why MSBs choose First American Bank:

• Experience with high risk and cash intensive industries
• Streamlined onboarding with clear documentation guidance
• Advanced treasury management tools to support daily operations
• Enhanced security across all digital and in-branch services
• Responsive support from a team that specializes in MSB related compliance

Start banking with a team that understands your Money Services Business

We're the go-to financial partner for business owners in Illinois, Wisconsin, Florida and elsewhere. We're also members of MSBA.org, INFiNAlliance.org, and New Jersey Financial Services Centers. Talk to one of our MSB Treasury Management specialists about our support for money services businesses today.