Money Transmitter Bond
Any person engaging in the business of money transmission, including currency exchange, in New Hampshire. Required when: Application for a money transmitter license. Exemptions: Banks, trust companies, credit unions, government agencies, retailers issuing gift cards, certain payroll processors, and persons dealing sol…
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.
Amounts can vary
Selected requirement: $100,000. Other available requirements: "The greater of $100,000 or an amount equal to 100 percent of the licensee's average daily outstanding money transmissions in New Hampshire from the previous year, but in no event shall the bond exceed $500,000.". Exact options still depend on the obligee, state, and underwriting.
