Any person engaging in the business of selling money orders or money transmission in the Commonwealth of Virginia. Required when: Application for a money transmitter or money order seller license. Exemptions: The United States or its agencies; the Commonwealth of Virginia or its political subdivisions; banks, trust co…
Overview
What it is.
Any person engaging in the business of selling money orders or money transmission in the Commonwealth of Virginia. Required when: Application for a money transmitter or money order seller license. Exemptions: The United States or its agencies; the Commonwealth of Virginia or its political subdivisions; banks, trust co…
Who usually needs it
Any person engaging in the business of selling money orders or money transmission in the Commonwealth of Virginia.
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.
StateVABond amountThe bond amount is determined by the Commissioner, ranging from a minimum of $2…Term lengthContinuousObligeeVirginia State Corporation Commission, Bureau of Financial InstitutionsRenewalThe bond must be maintained continuously as long as the licensee has outstanding money orders or unfulfilled money transmission agreements. The license itself is renewed annually through the NMLS.Bond classMiscellaneous CommercialCategoryFinancial ServicesBondSurety bondStatutory referenceCode of Virginia § 6.2-1904JurisdictionState
