The DCA survey, conducted by telephone the week of November 8 th , included eleven money transmitters licensed by the New York State Banking Department. If there are any problems making a transaction, consumers have some recourse if they are dealing with a licensed business. Businesses that wire money must be licensed by the New York State Banking Department. Wiring U.S. currency is more expensive. Because of currency exchange rates, money transmitters typically charge more money if you want the recipient to receive U.S. dollars.
Fees charged by individual money transmitters vary greatly.
Licensed money transmitters are listed in the yellow pages or can be obtained by contacting the State Banking Department. New Yorkers can contribute to hurricane relief efforts in many ways. New York City Fire Stations throughout the five boroughs are serving as drop-off points for items urgently needed by hurricane victims.