has a white star in a black circle on the front.can be used to board a domestic (within U.S.) flight.Has 'NOT FOR FEDERAL PURPOSES' on the front.beginning May 3, 2023, not accepted to board a domestic (within U.S.) flight or to enter some federal buildings.Your New York license will be valid for 5 years.ĭMV offers three types of licenses: Standard, Enhanced, and REAL ID marked 'non-renewable' or 'non-transferable' 6.a hardship or an 'employment only driver license' 5.You cannot exchange your license if it is have been issued at least 6 months before you apply for a New York license (unless it is a commercial driver license that has been valid for any amount of time) 2.be valid or expired less than 24 months.

Your current license must be from another US state or territory out-of-state license must (see instructions below if you are student or a driver from another country), state or territory, federal district, or Canadian province) within 30 days of becoming a resident of New York.

You must exchange your out-state driver license (from another U.S. You may in fact find you need a business tax license or certificate of authority as well, so make sure you are aware of all requirements for your new business.Overview Who must exchange their out of state license If you offer other services or products make sure you don’t need additional types of business licenses to sell them. Some check-cashing businesses offer other services, like auto registration and transfers, credit card cash advance, bill pay, wire transfers, photocopies, and prepaid phone cards.

Landlord’s intent to lease letter, if you are not already leasing spaceīefore you start operating your check cashing company, make sure to check with your city’s business licenses, permits & tax department to ensure you’re covered on everything you need to submit for your currency exchange license.

Proof of workers’ compensation insurance.

Business entity documents (articles of incorporation, fictitious name statement).

List of owners, partners, and stockholders, with work history and background checks.

These will vary from state to state, but may include: There are several other things your state may require of you in addition to your currency exchange license application. If you’re involved in currency exchange, you need a license! What You Need to Know That’s true whether you’re cashing checks with physical cash or via direct deposit, as well as if you’re cashing checks in exchange for gift cards. For any business that provides check cashing services for a fee that is not a bank, this business license is a requirement by state and federal law. If you plan to start a business as a currency exchange company, also known as a check-cashing company, you will first need a currency exchange license.

Currency exchange license sticker price