Surety bond, irrevocable letter of credit or other similar security device
Any person or entity engaged in the business of money transmission, which includes foreign currency dealing or exchange, selling or issuing payment instruments, or receiving money for transmission. Required when: Submission of an application for a Wyoming Money Transmitter License. Exemptions: The United States or any…
Overview
What it is.
Any person or entity engaged in the business of money transmission, which includes foreign currency dealing or exchange, selling or issuing payment instruments, or receiving money for transmission. Required when: Submission of an application for a Wyoming Money Transmitter License. Exemptions: The United States or any…
Who usually needs it
Any person or entity engaged in the business of money transmission, which includes foreign currency dealing or exchange, selling or issuing payment instruments, or receiving money for transmission.
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.
StateWYBond amount$10,000Term lengthContinuousObligeeWyoming Division of BankingRenewalThe bond is a continuing obligation that remains in effect until cancelled. The associated license must be renewed annually by October 1st through the NMLS.Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety bond, irrevocable letter of credit or other similar security deviceStatutory referenceW.S. 40-22-106JurisdictionState
