MSB Definition

Question: In your last issue on the Q & A page you answered a question about the registration of "MSB"s. What is an MSB?

Answer: y error - I usually remember to write it out first - MSB is a Money Service Business. They exchange cash, cash checks, wire money, etc., for a fee. Sorry for the omission.

Copyright © 2002 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 12, No. 9, 12/02