D.C. Money Transmitter Surety Bond
D.C. Money Transmitter Surety Bond
We write $50,000 Money Transmitter Surety Bonds in the District of Columbia.
Our GOOD CREDIT price is 1.5% of the bond amount.
Click for a No Obligation Quote
District of Columbia Money Transmitter Bonds are required by the Department of Insurance, Securities, & Banking, Banking Bureau. The required bond amount is $50,000, with an increase of $10,000 for each additional location (will not exceed $250,000). The District of Columbia will also accept Irrevocable Letters of Credit or similar security devices in lieu of posting a surety bond.
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Department of Insurance, Securities, & Banking, Banking Bureau
Bond Amount - $50,000.00 (additional $10,000.00 per location)
Bond Premium - Varies
Renewal Document - None.
These bonds expire December 31st of each year.