Any person or business entity seeking to engage in the business of money transmission in the Commonwealth of Kentucky. Required when: Submission of an application for a Money Transmitter License. Exemptions: The United States or any department/agency thereof; the United States Post Office; the Commonwealth of Kentucky…
Overview
What it is.
Any person or business entity seeking to engage in the business of money transmission in the Commonwealth of Kentucky. Required when: Submission of an application for a Money Transmitter License. Exemptions: The United States or any department/agency thereof; the United States Post Office; the Commonwealth of Kentucky…
Who usually needs it
Any person or business entity seeking to engage in the business of money transmission in the Commonwealth of Kentucky.
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.
StateKYBond amount$500,000Term lengthContinuousObligeeKentucky Department of Financial InstitutionsRenewalThe bond remains in effect continuously until cancelled. The licensee must provide the Commissioner with at least 30 days' written notice of intent to cancel. The bond must remain in place for at least five years after …Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceKRS 286.11-013JurisdictionState
