Any person or business entity licensed to engage in the business of money transmission in California, including those who sell or issue payment instruments, stored value, or receive money for transmission. Required when: Required as security for the faithful performance of the obligations of the licensee as a conditio…
Overview
What it is.
Any person or business entity licensed to engage in the business of money transmission in California, including those who sell or issue payment instruments, stored value, or receive money for transmission. Required when: Required as security for the faithful performance of the obligations of the licensee as a conditio…
Who usually needs it
Any person or business entity licensed to engage in the business of money transmission in California, including those who sell or issue payment instruments, stored value, or receive money for transmission.
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.
StateCABond amountThe bond amount is determined by the type of money transmission: 1) For selling…Term lengthContinuousObligeeCalifornia Department of Financial Protection and Innovation (DFPI)RenewalThe bond remains in full force and effect continuously. However, the licensee must maintain the bond and report financial information annually to the DFPI. The surety may cancel the bond by filing a 30-day notice of can…Bond classLicense BondCategoryReal EstateBondMoney Transmission Licensee BondStatutory referenceCalifornia Financial Code Section 2037JurisdictionState
