Any person or business entity engaged in the business of money transmission in Ohio, including those receiving money or its equivalent for transmission from persons located in Ohio. Required when: Application for a money transmitter license or maintaining an existing license. Exemptions: The United States or any depar…
Overview
What it is.
Any person or business entity engaged in the business of money transmission in Ohio, including those receiving money or its equivalent for transmission from persons located in Ohio. Required when: Application for a money transmitter license or maintaining an existing license. Exemptions: The United States or any depar…
Who usually needs it
Any person or business entity engaged in the business of money transmission in Ohio, including those receiving money or its equivalent for transmission from persons located in Ohio.
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.
StateOHBond amount$300,000Term lengthContinuousObligeeOhio Department of Commerce, Division of Financial InstitutionsRenewalThe bond must be maintained as long as the license is active. Licenses are renewed annually by December 31st. The bond amount is reviewed quarterly based on transaction volume and must be adjusted if the calculation exc…Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceOhio Revised Code 1315.07JurisdictionState
