Any person or entity engaging in the business of money transmission in Wisconsin, including selling or issuing payment instruments, selling or issuing stored value, or receiving money for transmission. Required when: Required as a condition of obtaining and maintaining a money transmitter license in Wisconsin. Exempti…
Overview
What it is.
Any person or entity engaging in the business of money transmission in Wisconsin, including selling or issuing payment instruments, selling or issuing stored value, or receiving money for transmission. Required when: Required as a condition of obtaining and maintaining a money transmitter license in Wisconsin. Exempti…
Who usually needs it
Any person or entity engaging in the business of money transmission in Wisconsin, including 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.
StateWIBond amount$100,000Term lengthContinuousObligeeWisconsin Department of Financial Institutions, Division of BankingRenewalThe bond must be maintained at all times. Licensees must review their average daily money transmission liability periodically to ensure the bond amount meets the statutory requirements. Renewals and adjustments are mana…Bond classLicense BondCategoryFinancial ServicesBondMoney Transmitter BondStatutory referenceWis. Stat. § 217.10(2)JurisdictionState
