Any person or business applying for or holding a currency exchange license in Texas. Required when: Applying for a currency exchange license or maintaining an existing license. Exemptions: Entities exempt under Texas Finance Code § 152.004, including the United States government and its agencies, the United States Pos…
Overview
What it is.
Any person or business applying for or holding a currency exchange license in Texas. Required when: Applying for a currency exchange license or maintaining an existing license. Exemptions: Entities exempt under Texas Finance Code § 152.004, including the United States government and its agencies, the United States Pos…
Who usually needs it
Any person or business applying for or holding a currency exchange license in Texas.
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.
StateTXBond amount$2,500 if the licensee conducts business with persons located in this state exc…Term lengthContinuousObligeeTexas Department of BankingRenewalThe bond remains in effect for the entire term of the license and automatically renews for any succeeding renewals of the license without need of any action or notice by any party. Licensees must pay annual assessments …Bond classLicense BondCategoryFinancial ServicesBondSecurity for Currency Exchange LicenseeStatutory referenceTexas Finance Code § 152.353JurisdictionState
