Our Commitment to the Businesses We Serve

Count on us to provide you with prompt and convenient financial services with an accelerated onboarding experience dedicated to servicing the industry. You will find everything that your business needs, including cash ordering services, working capital lines of credit, back room processing expertise, and financing facilities. We offer credit facilities and accounts nationwide from our headquarters located in Oak Brook, IL. 

Above all, you will find knowledgeable experts who understand the business and who are dedicated to serving it exclusively. We are committed to helping the Money Services Business Industry, based in the U.S., grow by providing exceptional, knowledgeable service and continued product innovation.

The Money Services Business Division (MSB) primarily serves established U.S. based companies in the following industries:

Retail Storefront Alternative
Financial Service Providers 



Online Alternative Financial
Service Providers



Prepaid Card Programs


Domestically Originated Money
Transmission Services



Have a Question?

  • Speak to an MSB Specialist
    Michael Winterrowd
    630.547.4380

    Virginia Ibes
    630.570.7763

  • Call our offices
    630.570.7794
    Monday – Friday 9am – 5pm
  • Email Us
    Please note, this is an unsecured message. Do not include account numbers, social security numbers, date of birth or other sensitive information.

Our Products

  • Funds Availability

    Generally, our focus is on established retail, storefront, check cashing operations that have related agency services such as wires, money orders, bill payments, etc. We also handle money order issuance for those with the proper licensing. These services are provided in certain states and cities throughout the U.S. If we are not currently servicing your area, please check back as we add service areas as time permits.

  • Cash Management Services

    • Electronic access to account information
    • Sweep accounts and cash concentration accounts
    • Electronic funds transfer
    • Electronic download of money order clearings
    • Money order truncation
  • Credit Facilities

    • Acquisition/expansion loans based on the value of the business
    • Working capital lines of credit
    • Building and leasehold improvement loans
    • Letters of credit
    • Sweep lines for cash orders
  • Back Room Operations Expertise

    • Specialized operations in areas exclusively servicing MSB customers
    • Customized, expedited handling of returned items, with copies faxed or emailed to you daily
    • Separate Customer Service Department for MSB customers
    • Expert and prompt processing of forgery claims
  • Underwriting Loans

    • Loan-to-Value (“LTV”)
    • Cash flow
    • U.S. domestically based
    • Liquidity
    • Leverage
    • Types
    • Personal credit history
    • Corporate credit history
    • Past satisfactory banking account relationship

Frequently Asked Questions

  • What types of MSBs do you work with?

    Generally, our focus is on established retail, storefront, check cashing operations that have related agency services such as wires, money orders, bill payments, etc. We also handle money order issuance for those with the proper licensing. These services are provided in certain states and cities throughout the U.S. If we are not currently servicing your area, please check back as we add service areas as time permits.

  • Do you work with foreign corporations?

    Not at the current time. Although our clients may have foreign ownership, there must be a U.S. domiciled presence.

  • Do you work with cryptocurrencies?

    Some of our clientele have ATMs and the ability to accept cash for digital currencies. However, this activity is only on an agency basis and Republic Bank does not handle accounts directly for digital wallet holders or digital currency exchanges. However, please feel free to submit your contact information in case this position changes in the future.

  • How about alternative lenders?

    We handle treasury services for most types of lenders although our support is only for those operating under the state model. In addition, short-term, single-pay products are no longer a focus for the MSB Division.

  • Money transmissions?

    The bank is looking to support domestically originated small-dollar wire transfer providers but only to certain countries of receipt. The number of these remittance countries is expected to increase over time so please check back if we are not able to accommodate your company at this time.

    MSB and related accounts are subject to approval. Please give us a call to ask how to start this process of forming a relationship with Republic Bank of Chicago.