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License Bond

Sale of Checks and Transmission of Money Surety Bond

Any person (individual, partnership, association, joint stock association, or corporation) seeking a license to engage in the business of selling checks, issuing checks, or receiving money for transmission. Required when: Applying for a license to engage in the business of selling or transmitting money in Delaware. Ex…

Overview

What it is.

Any person (individual, partnership, association, joint stock association, or corporation) seeking a license to engage in the business of selling checks, issuing checks, or receiving money for transmission. Required when: Applying for a license to engage in the business of selling or transmitting money in Delaware. Ex…

Who usually needs it

Any person (individual, partnership, association, joint stock association, or corporation) seeking a license to engage in the business of selling checks, issuing checks, 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.

  1. Tell us the bond name, state, and amount on your form.
  2. Share business and applicant info so the team can quote it.
  3. Sign and pay; we issue the bond and send you the documents.
  4. 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.

Details

Bond details.

StateDE
Bond amount$25,000
Term lengthContinuous
ObligeeOffice of the State Bank Commissioner
RenewalLicenses are valid for one year and must be renewed annually by December 1st. The surety bond must be maintained continuously and remains in effect until cancelled by the surety with 30 days' written notice to the Commi…
Bond classLicense Bond
CategoryFinancial Services
BondSale of Checks and Transmission of Money Surety Bond
Statutory reference5 Del. C. § 2309
JurisdictionState
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Next step

Ready to move forward?

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.