Merchants deriving more than 5% of gross revenues from cashing checks (where check cashing is not incidental to their main business) and any person licensed to engage in money transmission, currency exchange, or check cashing services. Required when: Obtaining a license to engage in the check cashing business when suc…
Overview
What it is.
Merchants deriving more than 5% of gross revenues from cashing checks (where check cashing is not incidental to their main business) and any person licensed to engage in money transmission, currency exchange, or check cashing services. Required when: Obtaining a license to engage in the check cashing business when suc…
Who usually needs it
Merchants deriving more than 5% of gross revenues from cashing checks (where check cashing is not incidental to their main business) and any person licensed to engage in money transmission, currency exchange, or check cashing services.
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.
StateWVBond amount$100,000Term lengthContinuousObligeeWest Virginia Division of Financial InstitutionsRenewalThe bond must be continuously maintained while the entity remains licensed. The bond amount is reviewed and adjusted during the annual license renewal process based on transaction volume and the number of authorized loc…Bond classMiscellaneous OtherCategoryFinancial ServicesBondBondStatutory referenceWest Virginia Code § 32A-2-10JurisdictionState
