Money Transmitter Bond

What is a Money Transmitter Bond?

Money Transfer bonds are also known as Transmitter bonds.  Money transmitter bonds guarantee compliance with state laws and regulations.

How does a Money Transmitter Bond Work?

The purpose of a Money Transmitter bond is to prevent against the misappropriation of the customer’s funds, ensuring that they are being transmitted properly and rightfully.

How much does a Money Transmitter Bond Cost?

The cost of this type of bond is based on the bond amount required by the state in which the bond is required. A big factor in pricing is determined by corporate & personal financials and the personal credit report of all owners and spouses. Someone with good credit may pay a lesser premium than a person with poor credit. However, just because someone has poor credit does not mean we cannot help you. At Westport Insurance, we strive to find our clients the best rates with the strongest rated carriers to insure you are getting the best bond coverage available.

How to Choose a Bonding Company?

Express Surety Services offers Surety Service Made Simple. We are the fastest surety-only agency in the country, with over 100 years of combined surety experience servicing all 50 states. We exhaust all of our resources to get you the fastest turnaround times and lowest rates. We can help anyone, even clients that may not fit into the standard market.

How long does it take to get a Money Transmitter Bond?

Express Surety Services can issue bonds the same day an application is received. The amount of time between application and issuance is affected by a number of factors though, including but not limited to, the size of the obligation, the type of bond, and promptness of the premium payment.

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