Any person or company engaging in the business of money transmission or advertising, soliciting, or holding itself out as providing money transmission in South Carolina. Required when: Application for a money transmission license under the South Carolina Uniform Money Services Act. Exemptions: United States government…
Overview
What it is.
Any person or company engaging in the business of money transmission or advertising, soliciting, or holding itself out as providing money transmission in South Carolina. Required when: Application for a money transmission license under the South Carolina Uniform Money Services Act. Exemptions: United States government…
Who usually needs it
Any person or company engaging in the business of money transmission or advertising, soliciting, or holding itself out as providing money transmission in South Carolina.
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.
StateSCBond amountThe amount of the security must be the greater of $100,000 or an amount equal t…Term lengthContinuousObligeeSouth Carolina Office of the Attorney General, Money Services DivisionRenewalThe license must be renewed annually through the NMLS by December 31st. The surety bond must be maintained at all times as a condition of licensure.Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety BondStatutory referenceS.C. Code Ann. § 35-11-215JurisdictionState
