Most states require Money Transmitters Bonds from check cashers, payday loan companies and currency exchange (msb’s). These check cashing bonds guarantee the licensee will operate their business in compliance with state and/or federal laws. Many surety companies charge higher rates for these bonds because they perceive they are exposed to greater risk. The process of getting bonded can be complicated and time consuming. The result is that many MSB’s find the process of obtaining either a single bond or a large aggregate surety program frustrating.

The Surety Group is a surety only agency with decades of experience underwriting all types of currency bonds. We have a simple one page application and in-house underwriting which means that there are fewer requirements and bonds can be approved quickly. We work with many of the nation’s largest surety companies and have a proven record of successfully placing License Bonds for Money Service Companies across the nation at competitive rates. We also provide non-traditional programs for MSB’s that do not meet standard underwriting guidelines. Please visit our site and fill out a Money Transmitter Bond Application.