MSB Services

Spectra Bank

Money Service Business

The service to the community with alternative financial solutions relies on an MSB bank account.

Without an MSB bank account, check cashers and money transmitters are left without a way to serve their customers. Spectra Bank’s MSB bank account program makes serving the community possible.

A money service business (MSB) is a provider of any of the following types of services:

  • Check cashers
  • Issuers of traveler’s checks, money orders, or stores value
  • Sellers or redeemers of traveler’s checks, money orders, or stored value
  • Money transmitters
  • Currency dealers or exchangers

Spectra Bank will need the following documents in order to process your application request:

  • Completed Account Application
  • Copy of Deed of Trust for location occupied by MSB
  • Agency Agreement
  • Two Years Personal Tax Returns/Financial Statements
  • Two Years Business Tax Returns/Financial Statements
  • Past Three Months Bank Statements
  • Federal Tax Payer ID Number
  • Registration as a Money Services Business (FinCen BSA E-file e-form 107)
  • A copy of your AML Program
  • Articles of Incorporation
  • Assumed Name Certificate
  • Partnership Agreement

Refer to the Money Laundering Prevention Guide, Quick Reference Guide or to the Money Service Business website: www.fincen.gov

**MSB application fee will apply.**

**MSB bank accounts are subject to approval.**

**Contact us today for more information and additional requirements.**

We were very impressed with the friendliness of everyone at Spectra Bank. We appreciated the promptness, kindness, and business knowledge that they showed.
Annabel Robertson, Ft. Worth, Tx.
I opened a personal checking account and two business accounts at Spectra Bank and have been very happy with the service I have received.
Taylor Whitney, Ft. Worth Tx.
I was very pleased with the courteous, knowledgeable and expedient service I received at Spectra Bank. As a new customer I appreciate the friendly service and making me feel I am a valued client.
Johnathon Smart, Ft. Worth Tx.

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At Spectra Bank we know our customers,

and we call them by name.

Our goal is to meet the needs of all customers, ranging from personal to business banking. Simple banking and experienced common sense bankers are what we strive to be. Our executive team is always available to make decisions promptly, so come visit us at either location today.