Minnesota ATM / Ownership of Electronic Financial Terminal Bond
This bond is required for businesses that own or operate ATM machines in Minnesota. The state requires it to protect consumers who use these ATMs. If the ATM owner violates state laws, misleads customers, or causes financial harm, affected customers can file claims against the bond for compensation. The bond amount va…
Overview
What it is.
This bond is required for businesses that own or operate ATM machines in Minnesota. The state requires it to protect consumers who use these ATMs. If the ATM owner violates state laws, misleads customers, or causes financial harm, affected customers can file claims against the bond for compensation. The bond amount va…
Who usually needs it
ATM owners and operators in Minnesota who own and operate electronic financial terminals must obtain this $5,000 surety bond per ATM to obtain a business license from the state. This requirement applies to all parties operating or leasing ATMs in Minnesota, except for state or federal savings associations, savings banks, credit unions, and banking associati…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateMNBond amountVaries by license type or projectObligeeState of MinnesotaBond classLicense BondCategoryFinancial ServicesBondMinnesota ATM / Ownership of Electronic Financial Terminal BondJurisdictionStatePlain descriptionThis bond is required for businesses that own or operate ATM machines in Minnesota. The state requires it to protect consumers who use these ATMs. If the ATM owner violates state laws, misleads customers, or causes fina…Who needs this bondATM owners and operators in Minnesota who own and operate electronic financial terminals must obtain this $5,000 surety bond per ATM to obtain a business license from the state. This requirement applies to all parties o…
