Entities engaged in the business of money transmission, including selling/issuing payment instruments or receiving money for transmission. Required when: Failure to comply with Title 6, Chapter 12 or wrongful acts resulting in consumer loss. Exemptions: Government agencies, the USPS, and certain financial institutions.
Overview
What it is.
Entities engaged in the business of money transmission, including selling/issuing payment instruments or receiving money for transmission. Required when: Failure to comply with Title 6, Chapter 12 or wrongful acts resulting in consumer loss. Exemptions: Government agencies, the USPS, and certain financial institutions.
Who usually needs it
Entities engaged in the business of money transmission, including selling/issuing payment instruments 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.
StateAZBond amount$25,000Term lengthContinuousObligeeArizona Department of Insurance and Financial Institutions (DIFI)RenewalAnnual renewal through NMLS or DIFI portal.Bond classLicense BondCategoryFinancial ServicesBondMoney Transmitter Surety BondStatutory referenceA.R.S. § 6-1228JurisdictionState
