SURETY SOLUTIONS BLOG

What Is A Money Transmitter Bond?

By Crystal Ignatowski on Jun 21, 2016 12:00:00 AM in

Money Transmitter Bond

  Money transmitters are held to a high standard because they are expected to handle their clients’ money responsibly. This is why every state other than South Carolina and Montana require money transmitters to obtain a Money Transmitter Bond before they can start doing business.   UPDATE: On June ...

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How To Get An Idaho Money Transmitter License

By Rick Marsland on Dec 9, 2015 10:52:19 AM in

Money Transmitter Bond

    In order for a business to sell or issue payment instruments or engage in the business of receiving money for tranmission, they will first need to get licensed by the Securities Bureau of the Department of Finance. An Idaho Money Transmitter License can be used for the following: Money and wire ...

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Utah Money Transmitter Bond

By Crystal Ignatowski on Aug 11, 2015 4:40:00 PM in

Money Transmitter Bond

  Did you know that 48 states regulate money transmitters and require money transmitters to be licensed before they can conduct business?   Utah is no exception, and the new Senate Bill 24 that was signed into legislature on March 27th of this year regulates the licensing process even more. If you ...

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Michigan Money Transmitter Bond

By Duke Revard on Mar 19, 2015 8:58:00 PM in

Money Transmitter Bond

  Surety bonds are about providing security to your customers. When you're handling money for your customers, you need to be especially scrupulous. Having a surety bond reassures your customers that if an error, theft, or business disaster should happen, their assets will be covered. If you ...

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New Surety Bond Developments for Money Transmitters

By Duke Revard on Mar 25, 2014 12:45:00 PM in

Surety Bond News, Money Transmitter Bond

                      Surety bond legislation is always changing.   Each State has different money transmitter registration requirements, permissable investments, qualifications, and bond requirements. Be sure to check with the State Legislative body to determine the requirements necessary for you ...

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