Iowa Bitcoin ATM Regulations
SF 449 (2025) regulates "digital financial asset transaction kiosks" with some of the strictest limits in the nation - $1,000 daily for all customers and a unique 30-day cumulative cap for new customers.
Licensing Requirements
SF 449 (2025) regulates "digital financial asset transaction kiosks" in Iowa. Licensing is required unless the operator can affirmatively confirm customer wallet ownership.
Operators must register with the Iowa Division of Banking and maintain appropriate licensing credentials.
Transaction Limits
Iowa has some of the strictest transaction limits in the nation, with a flat $1,000 daily limit for ALL customers and a unique 30-day cumulative cap for new customers.
| Customer Type | Daily Limit | 30-Day Limit |
|---|---|---|
| New Customer | $1,000 | $10,000 total |
| Existing Customer | $1,000 | No cap |
Customer Script
"Iowa law limits all kiosk transactions to $1,000 per day. Also, for your first 30 days as a customer, the total amount you can transact is capped at $10,000."
Fee Caps
Iowa has strict fee limitations to protect consumers from excessive charges.
Compliance Note - Fee Limits
Iowa prohibits total charges (fees and spread) exceeding $5 or 15% of the transaction amount, whichever is greater. This is one of the lower fee caps among states with recent legislation.
KYC & New Customer Rules
Iowa defines a "New Consumer" as someone who has not previously transacted with the operator or is within the first 30 days of their first transaction - the longest new customer period among states with recent legislation.
- New customer period: 30 days from first transaction
- Cumulative 30-day transaction limit: $10,000
- Government-issued ID required for all transactions
- Wallet ownership verification may exempt from licensing
Legislative Reference
The primary legislation governing Bitcoin ATM operations in Iowa is Senate File 449 (2025).
SF 449 (2025)