Illinois Money Transmitter Bond bond
Illinois Money Transmitter Bond (Bond, not License)
Illinois requires a $100,000 money transmitter bond bond.
Illinois Money Transmitter Bond bond, answered
- How much is a money transmitter bond bond in Illinois?
- Illinois requires a $100,000 money transmitter bond bond.
- Who needs a Illinois money transmitter bond bond?
- Licensed money transmitters and prospective applicants in every state that conditions the license on a posted surety bond (most do).
- Who regulates money transmitter bond bonds in Illinois?
- Illinois DFPR oversees money transmitter requirements in Illinois, including the bond filing.
- How do renewals work?
- Renews annually alongside the underlying license.
- How do I get bonded?
- Send license details and transmission volume Receive a per-state quote with surge brackets Bond signed and filed with the state regulator
What you will need
- NMLS or state license number
- Last 12 months of transmission volume by state
- Company financials and owner credit
How to get bonded
- Send license details and transmission volume
- Receive a per-state quote with surge brackets
- Bond signed and filed with the state regulator
Regulator: Illinois DFPR
Quote your Illinois Money Transmitter Bond bond
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