Required by the Florida Office of Financial Regulation, and according to Section 560.206, this bond ensures that money transmitters will fulfill their obligations with respect to the receipt, handling, transmission, and payment of funds. The required bond amount varies. Per the state of Florida: “The corporate surety bond shall be in an amount as specified by rule, but may not be less than $50,000 or exceed $2 million. The rule shall provide allowances for the financial condition, number of locations, and anticipated volume of the licensee.” Surety1 is licensed in all 50 states and has great rates for all Money Transmitter Bonds.
To Attain a Florida Money Transmitter Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.