Any person engaging in the business of money transmission in Hawaii, unless excluded under HRS § 489D-5. Required when: Application for a money transmitter license. Exemptions: Exemptions include the United States or any department/agency, the United States Postal Service, the State of Hawaii or its political subdivis…
Overview
What it is.
Any person engaging in the business of money transmission in Hawaii, unless excluded under HRS § 489D-5. Required when: Application for a money transmitter license. Exemptions: Exemptions include the United States or any department/agency, the United States Postal Service, the State of Hawaii or its political subdivis…
Who usually needs it
Any person engaging in the business of money transmission in Hawaii, unless excluded under HRS § 489D-5.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StateHIBond amount$10,000 for the initial twelve months of licensure. Thereafter, the bond amount…Term lengthContinuousObligeeHawaii Commissioner of Financial InstitutionsRenewalThe bond is continuous in nature and remains in effect until cancelled. The surety may cancel the bond by giving thirty days' written notice to the commissioner. The associated money transmitter license must be renewed …Bond classMiscellaneous CommercialCategoryFinancial ServicesBondBond or other security deviceStatutory referenceHRS § 489D-7JurisdictionState
