Any person providing electronic money transfers for a fee or other consideration (Currency Transmission Licensee). Required when: Required as a condition of obtaining and maintaining a Currency Transmission License. Exemptions: Regulated institutions such as banks and credit unions, natural person employees acting on …
Overview
What it is.
Any person providing electronic money transfers for a fee or other consideration (Currency Transmission Licensee). Required when: Required as a condition of obtaining and maintaining a Currency Transmission License. Exemptions: Regulated institutions such as banks and credit unions, natural person employees acting on …
Who usually needs it
Any person providing electronic money transfers for a fee or other consideration (Currency Transmission Licensee).
Pricing & timing
What to expect.
Generic pricing
Miscellaneous surety bonds cover a wide variety of obligations that don't fit neatly into other categories. Typical Pricing:. • Small bonds: May be available as flat-fee premiums starting around $100–$250. • Larger bonds: Commonly around 1–5% of the bond amount, though rates vary significantly by bond type. • Underwriting: Requirements vary — some bonds qualify for instant approval, others require full underwriting. Pricing varies significantly by the specific bond type, jurisdiction, and r…
Typical timeframe
Varies by bond type — contact for details
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateRIBond amount$50,000Term lengthContinuousObligeeRhode Island Department of Business Regulation, Division of BankingRenewalThe bond must be maintained continuously; the associated license is renewed annually through the Nationwide Multistate Licensing System (NMLS) by December 31.Bond classMiscellaneous OtherCategoryFinancial ServicesBondBond of applicantStatutory referenceR.I. Gen. Laws § 19-14-6JurisdictionState
