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Money Transmitter Bonds
A Money Transmitter Bond is (also known as money remitter bonds) a license bond required of many state governments nationwide. Like all license bonds, a money transmitter bond guarantees the licensee will operate under the terms and conditions created by the state in which they operate.
Current Market
Money Transmitter Bonds often have rates 2.5x greater than average commercial bonds. The significant rate increase is no mistake, it is in direct correlation of nature of the risk. There is a great variety in rates for these bonds depending on the bonding company and the applicant. Therefore, it is imperative that the agent working on your bond knows what sureties are still willing to write these high risk bonds at reasonable rates.
Special Programs
Our agency is appointed with numerous bonding companies willing to write money transmitter bonds at lower than industry average rates. We also offer a bad credit bond program for those who do not qualify under the standard markets.
Recent Money Transmitter Related Articles:
Money Transmitter Bond State Requirements
| Bond | Required By | Bond Form Version | Application |
|---|---|---|---|
| Alabama Money Transmitter Bond | Alabama Securities Commission | Sale of Checks Act | APPLY NOW |
| Arizona Money Transmitter Application Bond | State Of Arizona | MT-APP-001 Revised 01/01/2008 | APPLY NOW |
| Delaware SALE OF CHECKS AND TRANSMISSION OF MONEY SURETY Bond | OFFICE OF THE STATE BANK COMMISSIONER | Updated: 02/26/02 | APPLY NOW |
| Delaware Casher of Checks, Drafts or Money Orders Surety Bond | Office of the State Commissioner | $5k | APPLY NOW |
| Florida MONEY SERVICES BUSINESS SURETY BOND FORM Bond | Financial Services Commission, Dept of Fin Serv | Form OFR-560-06 1-13-09 | APPLY NOW |
| Georgia Sale of Checks or Money Transmission Bond | GA Department of banking and Finance | APPLY NOW | |
| Hawaii Money Transmitters License Bond | Dept of Commerce and Consumer Affairs | DFI MT Bond Form (12-06 Final).doc | APPLY NOW |
| Idaho SURETY BOND FOR MONEY TRANSMITTERS Bond | Department of Finance - Securities Bureau | $50k | APPLY NOW |
| Illinois Transmitters of Money Bond | Department of Financial & Professional Regulaton | APPLY NOW | |
| Kentucky Deferred Deposit Service/Check Cashier Bond | Department of Financial Institutions | APPLY NOW | |
| Louisiana SALE OF CHECKS/MONEY TRANSMISSION SURETY Bond | Office of Financial Institutions | Attachment [E] | APPLY NOW |
| New Jersey Money Transmitter.Foreign Money Transmitter Bond | NJ Commissioner of Banking | APPLY NOW | |
| Oregon Money Transmitter Bond | Department of Consumer & Business Services | 440-3274 (12/99/COM) | APPLY NOW |
| Pennsylvania BOND AND SURETY (MEMO) Bond | Memo Money Order Company Inc | Revised November 23, 2010 | APPLY NOW |
| Pennsylvania Money Transmitter Bond Bond | Merchants Express Money Order Company, Inc. | Revised November 23, 2010 | APPLY NOW |
| Washington Operate Money Services Business Bond | Department of Financial Institutions | 6/26/2008 | APPLY NOW |
