Minnesota Money Transmitter Bond bond
Minnesota Money Transmitter Bond (Bond, not License)
Minnesota requires a $25,000 money transmitter bond bond.
Minnesota Money Transmitter Bond bond, answered
- How much is a money transmitter bond bond in Minnesota?
- Minnesota requires a $25,000 money transmitter bond bond.
- Who needs a Minnesota 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 Minnesota?
- Minnesota Department of Commerce oversees money transmitter requirements in Minnesota, 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: Minnesota Department of Commerce
Quote your Minnesota Money Transmitter Bond bond
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