Minnesota Money Transmitter | $25,000 Money Transmitter Surety Bond

Also known as: money transmitter bond, money transmitter license bond

Type of Bond

A Minnesota Money Transmitter Bond is a state-required surety bond that serves as a customer protection mechanism in the event that a money transmitter fails to comply with the state’s rules. This surety bond is an agreement between a money transmitter, the bonding company, and the Minnesota Department of Commerce. The bond guarantees that the money transmitter will abide by all applicable state regulations and protect customer funds.


Program

The price you'll pay for your $25,000 Money Transmitter Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!

We provide all types of $25,000 Money Transmitter Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.


Application

The application process for a $25,000 Money Transmitter Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Money Transmitter Bond Application process.

The Minnesota Money Transmitter Bond amount is currently set at  $25,000.

Obligee Information

An obligee is the entity that is requiring you to have the Money Transmitter bond.

For your convenience you can view a sample copy of the Minnesota Money Transmitter Bond Form.

Obligee: Department Of Commerce Of The State Of Minnesota