Any person or business applying for a license to engage in the business of money transmission in Idaho. Required when: Application for a money transmitter license under the Idaho Money Transmitters Act. Exemptions: The United States or any department/agency thereof; the United States Postal Service; the state or any p…
Overview
What it is.
Any person or business applying for a license to engage in the business of money transmission in Idaho. Required when: Application for a money transmitter license under the Idaho Money Transmitters Act. Exemptions: The United States or any department/agency thereof; the United States Postal Service; the state or any p…
Who usually needs it
Any person or business applying for a license to engage in the business of money transmission in Idaho.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger 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. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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 amountA minimum of $10,000. If the applicant proposes to engage in business at more t…Term lengthContinuousObligeeIdaho Department of FinanceRenewalThe bond remains in effect until cancelled by the surety with 30 days' written notice to the Director. The underlying license must be renewed annually through the NMLS, which includes verifying that the bond remains in …Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceIdaho Code § 26-2908JurisdictionState
