When starting a money transfer business, it is important for you to analyze the market and determine factors like the potential affiliates, competitors and the primary customer base. But there are plenty of other factors that need to be kept in mind to make sure you are not in way over your head. However, this does not necessarily have to be a tdansfer task even though it can prove difficult. Here is everything you need to need to know about starting your money transfer business for effective results in the long run:. The requirements make your own money transfer company include and are not limited to, a surety bond or a minimum net worth. It is important for you to pay all application fees in order to acquire a money transferring license.