Any person that sells or issues payment instruments or engages in the business of receiving money for transmission or engages in the business of money transmission, including virtual currency exchangers and delayed delivery currency providers. Required when: Applying for a money transmitter license under the Idaho Mon…
Overview
What it is.
Any person that sells or issues payment instruments or engages in the business of receiving money for transmission or engages in the business of money transmission, including virtual currency exchangers and delayed delivery currency providers. Required when: Applying for a money transmitter license under the Idaho Mon…
Who usually needs it
Any person that sells or issues payment instruments or engages in the business of receiving money for transmission or engages in the business of money transmission, including virtual currency exchangers and delayed delivery currency providers.
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.
StateIDBond amount$10,000Term lengthContinuousObligeeIdaho Department of FinanceRenewalThe bond remains in effect until cancelled. The licensee must pay annual renewal premiums to the surety and file an annual report and renewal fee with the Department of Finance.Bond classLicense BondCategoryFinancial ServicesBondSurety Bond for Money TransmittersStatutory referenceIdaho Code § 26-2908JurisdictionState
