States › Minnesota › Money transfer, virtual currency, or money service
Who in Minnesota is complaining aboutMoney transfer, virtual currency, or money service?
When looking at complaint volume about a company or product, consider company size and/or market share. For example, companies with more customers may have more complaints than companies with fewer customers.
The CFPB does not verify every allegation in a complaint before publishing it.Consumer Financial Protection Bureau, Consumer Complaint Database. A complaint is a consumer's account of a problem; it is not a finding against the company.
Minnesota consumers filed 418 complaints under “Money transfer, virtual currency, or money service” in the 12 months to 1 Oct 2026, down 47% on the 782 of the 12 months before. That is 7.20 per 100,000 residents, below the national 11.1.
The category makes up 1.5% of the state's complaints, against 0.5% nationally. 13.7% of closed complaints ended with monetary or non-monetary relief (13.8% nationally) and 98.8% of responses were timely.
Companies with the most Money transfer, virtual currency, or money service complaints from Minnesota, with their size
Ordered by complaints from Minnesota consumers in the last 12 months. Size is the company's national figure.
| Company (as named by the CFPB) | Complaints from MN, 12 months | Share | Company size |
|---|---|---|---|
| Paypal Holdings, Inc | 121 | 28.9% | no public measure |
| Block, Inc. | 110 | 26.3% | no public measure |
| WELLS FARGO & COMPANY | 43 | 10.3% | $1.92tn assets |
| Chime Financial Inc | 34 | 8.1% | no public measure |
| Early Warning Services, LLC | 12 | 2.9% | no public measure |
| CAPITAL ONE FINANCIAL CORPORATION | 8 | 1.9% | $662bn assets |
| U.S. BANCORP | 7 | 1.7% | $706bn assets |
| JPMORGAN CHASE & CO. | 6 | 1.4% | $4.09tn assets |
| Payward Ventures Inc. dba Kraken | 5 | 1.2% | no public measure |
| BANK OF AMERICA, NATIONAL ASSOCIATION | 5 | 1.2% | $2.65tn assets |
| Coinbase, Inc. | 5 | 1.2% | no public measure |
| SOFI TECHNOLOGIES, INC. | 5 | 1.2% | $57bn assets |
| HUNTINGTON NATIONAL BANK, THE | 5 | 1.2% | $283bn assets |
| All other companies, including those not listed by name | 52 | 12.4% | — |
CFPB: “When looking at complaint volume about a company or product, consider company size and/or market share. For example, companies with more customers may have more complaints than companies with fewer customers.” The CFPB does not verify every allegation in a complaint before publishing it. 7 of the 13 companies in this table have a public size measure. “No public measure” means the company could not be matched by name to a single institution in the FDIC, NCUA or HMDA files, not that it is small.
Issues
| Issue (CFPB label) | Complaints | Share |
|---|---|---|
| Fraud or scam | 122 | 29.2% |
| Unauthorized transactions or other transaction problem | 97 | 23.2% |
| Other transaction problem | 70 | 16.7% |
| Trouble accessing funds in your mobile or digital wallet | 41 | 9.8% |
| Managing, opening, or closing your mobile wallet account | 27 | 6.5% |
| Money was not available when promised | 14 | 3.3% |
| Confusing or missing disclosures | 14 | 3.3% |
| Problem with customer service | 7 | 1.7% |
| Other service problem | 6 | 1.4% |
| Unexpected or other fees | 6 | 1.4% |
| Other CFPB issue categories | 14 | 3.3% |
How companies responded
- Closed with explanation350 · 83.7%
- Closed with non-monetary relief29 · 6.9%
- Closed with monetary relief27 · 6.5%
- In progress10 · 2.4%
- All other categories2 · 0.5%
| Measure | Minnesota, this product | United States, this product |
|---|---|---|
| Complaints per 100,000 residents, 12 months | 7.20 | 11.1 |
| Closed with monetary or non-monetary relief | 13.7% | 13.8% |
| Responses marked timely | 98.8% | 98% |
Trend
Other products in Minnesota
Credit reporting or other personal consumer reports · 22,200Debt collection · 2,010Credit card · 931Checking or savings account · 885Mortgage · 382Student loan · 252Vehicle loan or lease · 176Payday loan, title loan, personal loan, or advance loan · 135
Questions and answers
How many Money transfer, virtual currency, or money service complaints come from Minnesota?
418 in the 12 months to 1 Oct 2026, 782 in the 12 months before and 1,990 since 2011.
Is that high for the population?
7.20 per 100,000 residents in Minnesota against 11.1 nationally.
Which issues come up most?
“Fraud or scam” (29.2%), “Unauthorized transactions or other transaction problem” (23.2%), “Other transaction problem” (16.7%), “Trouble accessing funds in your mobile or digital wallet” (9.8%).
Does the CFPB verify complaints?
The CFPB does not verify every allegation in a complaint before publishing it.
Provenance
Source: Consumer Financial Protection Bureau, Consumer Complaint Database, bulk file downloaded 1 Oct 2026, complaints received through 1 Oct 2026. Only coded fields are used (company, product, sub-product, issue, state, dates, company response, timeliness); complaint narratives are never read, stored or shown. Complaints are published once the company responds or after 15 days, so the most recent two to three weeks are incomplete. Size measures: FDIC BankFind (report date 30 Jun 2026), NCUA call reports (30 Jun 2026), HMDA transmittal sheet (2025), Census Bureau population estimates (2025). All are US government works. Search the CFPB database · Methodology · Report an error.