Any person or entity engaged in the business of money transmission in California, which includes selling or issuing payment instruments, selling or issuing stored value, or receiving money for transmission. Required when: Application for a Money Transmitter License under the California Money Transmission Act. Exemptio…
Overview
What it is.
Any person or entity engaged in the business of money transmission in California, which includes selling or issuing payment instruments, selling or issuing stored value, or receiving money for transmission. Required when: Application for a Money Transmitter License under the California Money Transmission Act. Exemptio…
Who usually needs it
Any person or entity engaged in the business of money transmission in California, which includes selling or issuing payment instruments, selling or issuing stored value, or receiving 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 amountFor licensees selling or issuing payment instruments or stored value: Greater o…Term lengthContinuousObligeeCalifornia Department of Financial Protection and Innovation (DFPI)RenewalThe bond remains in effect as long as the license is active. The amount must be adjusted based on the licensee's average daily outstanding obligations as reported to the DFPI in periodic reports.Bond classLicense BondCategoryFinancial ServicesBondMoney Transmitter BondStatutory referenceCalifornia Financial Code § 2037JurisdictionState
