Skip to Main Content

Check Cashing Service - Financial Regulation

Check Cashing Service is a business that accepts or cashes, for compensation, a payment instrument (check or a draft ordering a person to pay money) regardless of the date of the payment instrument. A License is generally required for the principal executive office of any person (defined in Md. Code Ann., Fin. Inst. §1-101) engaging in check cashing services, when check cashing services are provided at the principal executive office. Refer to Md. Code Ann., Fin. Inst. §12-101 et seq. for legal requirements. For more detailed information on this license type please proceed to the NMLS Resource Center.

License Requirements and Fees

A separate Branch License is required for each branch location or mobile unit from which a person (defined in Md. Code Ann., Fin. Inst. §1-101) provides check cashing services. Refer specifically to Md. Code Ann., Fin. Inst. §12-105(b), and generally to Md. Code Ann., Fin. Inst. §12-101 et seq.

Branch License Requirements and Fees

If check cashing services are provided at licensed branch locations, but are not provided at the principal executive office, a license is not required for the principal executive office; however, a “Licensed Check Casher – Principal Executive Office Designation (No Activity)” is required before any branches may be licensed.

Principal Executive Office Designation Requirements and Fees

A business may obtain a Registration in lieu of a license, if the business provides check cashing services that are incidental to the retail sale of goods or services, and the business meets certain statutory standards.  Refer specifically to Md. Code Ann., Fin. Inst. §12-105.1, and generally to Md. Code Ann., Fin. Inst. §12-101 et seq.

Registration Requirements and Fees


Additional Information and Documents



Industry Alerts and Advisories

Information and FAQs for Senate Bill 939 (2020): New Licensing and Registration Requirements for Providers of Check Cashing Services in Maryland (effective October 1, 2020)


Laws, Rules, and Regulations

Applicants and licensees are expected to be knowledgeable about and in compliance with the Check Cashing Services Law, and any other applicable State or Federal statutes, rules, and regulations. Maryland laws, rules, and regulations can be found by accessing the Annotated Code of Maryland and Rules and Code of Maryland Regulations (COMAR).  Certain relevant Maryland laws, rules, and/or regulations include (Note: this is not a comprehensive list):