Platinum Bonds shield logo

Platinum Bonds Insurance Agency

Research before you apply.
ChatLoginPay Now

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…

Bond amountVaries by license type or project
State or jurisdictionMinnesota
ObligeeState of Minnesota

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

Google icon5.0★★★★★Google reviews

“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

★★★★★
BBB A+ Accredited Business seal for Platinum Bonds Insurance Agency

BBB A+ Accredited

Open the Platinum Bonds Insurance Agency BBB profile.

23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

Start the appTalk with Ava