Who Requires the Money Transmitter Bond and Why Is It Needed?
A Money Transmitter Bond is required for businesses engaged in the transmission of funds between unrelated consumers or businesses. Transmission methods typically include wire transfers, electronic bank transfers, checks, or other check payment instruments. The surety bond protects customers in the event the money transmitter mishandles funds or commits fraudulent or illegal acts. These surety bonds are also be referred to as Money Services Bonds, Cashier of Checks Bonds, Sale of Checks Bonds, or Electronic Money Transfer Bonds.
How Much Will My Surety Bond Cost?
Take 2 minutes to provide the basic information required to get the best rates for your District of Columbia Money Transmitter Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.
If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.
