Surety bond
Any person or entity engaging in the business of money transmission or advertising, soliciting, or holding itself out as providing money transmission in Missouri. Required when: Required as a condition of obtaining and maintaining a money transmission license. Exemptions: The United States or any department, agency, o…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "For initial applicants, the bond is $100,000. For licensees, the amount is the…. Other available requirements: "For initial applicants, the bond is $100,000. For licensees, the amount is the greater of $100,000 or 100% of the licensee's average daily money transmission liability in Missouri (calculated for the most recently completed three-month pe…. Exact options still depend on the obligee, state, and underwriting.
