Alabama payments and fintech laws

What Alabama has enacted on payments and fintech, what each law requires, and what the bills still moving would do. Alabama is one of 42 states that enacted a payments and fintech law in the 2025 and 2026 sessions.

Bills in scope
5bills in scope
Past committee
2past committee
Most recent action
8 April 2026most recent action

Payments and fintech laws enacted in Alabama

2 payments and fintech laws enacted in the Alabama Legislature in the 2025 and 2026 sessions, newest first. Each links to the legislature's own page.

  • HB 303Cryptocurrency; measures to prevent fraud by cryptocurrency kiosk operators imposed, penalties established, Alabama Securities Commission authorized to enforceEnacted 8 April 2026

    Virtual currency and crypto kiosks, Payment fraud and scams

  • HB 259Stablecoin; license required for issuance or sale of stablecoins, Alabama Securities Commission to enforce and authorize, penalties providedTook effect 1 October 2026

    What it requires: No person may issue a payment stablecoin in Alabama unless licensed as a permitted payment stablecoin issuer. Beginning July 18, 2028, digital asset service providers may not offer or sell payment stablecoins unless issued by permitted issuers. The Alabama Securities Commission processes applications and licenses qualified issuers.

    Virtual currency and crypto kiosks

Payments and fintech in Alabama, by topic

Payments and fintech bills in Alabama

The bills not yet law, furthest along first, with what each would do.

2Enacted

3Introduced or inactive

5 bills in scope

Introduced or inactive

3

HB 526Legal Tender; to require certain persons who sell or offer goods and services to accept cash as payment, exceptions providedIn committee

What it would do: Requires entities employing at least six individuals to accept cash for in-person purchases, with exceptions for airports, municipal parking, vehicle rentals, and entities offering cash-to-prepaid-card conversion devices with no fee and maximum five dollar deposit.

SB 281Consumer Protection; platforms providing services allowing employees to access earned income prior to paycheck not considered a lender or debt collector; standards on platforms imposedDead

What it would do: Establishes that earned wage access service providers are not deemed lenders, money transmission businesses, or debt collectors if they comply with specified consumer protection standards including fee disclosure, cancellation rights, no-cost options, and prohibitions on compulsory repayment and late fees.

SB 77International wire transfers; fee on wire transfers imposed; income tax credit for wire transfer fees paid, authorized; Securities Commission and Revenue Department to administerDead

What it would do: Requires money transmission businesses to collect a $7.50 fee plus 1.5% on amounts over $500 for outgoing international wire transfers starting January 1, 2026, depositing fees into a new Sheriffs' Immigration Enforcement and Detainer Fund, and allows taxpayers an income tax credit up to $5,000 for such fees paid.

Bill titles link to the Alabama Legislature's own page.

What LawSignals covers

What counts as payments and fintech legislation

In scope: Money transmission and licensing; virtual currency and crypto kiosks; card surcharges and payment fees; interchange and card networks; earned wage access; bNPL and bank partnerships; prepaid, gift cards and P2P; and payment fraud and scams.

Questions

Does Alabama have a payments and fintech law?

Yes. Alabama enacted 2 payments and fintech laws in the 2025 and 2026 sessions, among them HB 303 and HB 259. Each is listed on this page with what it requires.

When do Alabama's payments and fintech laws take effect?

HB 259 on 1 October 2026. The others have no single date in their text.

What does Alabama legislate on most in payments and fintech?

Virtual currency and crypto kiosks (2 bills), Payment fraud and scams (1 bill) and Money transmission and licensing (1 bill).

Are these summaries reviewed by a lawyer?

No. Which bills count as Payments and fintech bills, and the line on what each law requires or each bill would do, are drafted by software from the bill's own text and not reviewed by an attorney. Every bill links to the legislature's own record: read the text before relying on it. The list covers bills from the 2025 and 2026 sessions.

Other practice areas in Alabama

Payments and fintech legislation in other jurisdictions

51 more currently hold bills in this tracker

Know when Alabama's payments and fintech law changes

An alert when a bill moves, and one report a month on what changed in every state and Congress.

Track payments and fintech laws freeAbout the Payments and Fintech Tracker