Highlighted Cash Transfer Bonds

The following bonds are common variations of cash transfer bonds. Get straight to the bond you need by selecting it below.

Money Services Business Bond

These businesses are required to have a bond to be licensed. Find more information about the bond limit and filing procedures here.

Loan Company Bond

These bonds are for businesses that lend funds directly to their customers. The limit varies based on the annual loan volume your business services.

Payday Lender Bond

This bond is needed for Credit Service Organizations other similar businesses. The limit for this bond varies based on how many locations the business operates from.

Check Cashers Bond

Businesses that cash checks, handle payroll, sell money orders, or exchange currency need to have a check cashers bond.

Loan Broker

Loan broker bonds are for companies who connect borrowers with lenders, but do not handle funds directly.

Cash Transfer Bond Information

Cash Transfer, sometimes referred to as Money Transmitter, is an umbrella term for a group of bonds needed for businesses that transmit, hold, or handle their customer's money in any way. These bonds are required by state regulatory agencies as a part of the licensing process. Bond limits may vary by state and are based on different factors like transaction volume, number of locations, and overall business activity. Should a business fail to comply with the laws and regulations associated with their license, the consumer can file a claim against the business's bond for covered losses.

The filing process can be different for each bond. If the bond is regulated through the National Multistate Licensing System (NMLS), Jet can file the bond for you after you grant authority. Often times, the bond can be electronically signed and uploaded to an online portal through the respective state, which does not require a sealed original copy of the bond. In some cases, the state entity managing the bond will require the original signed and sealed copy of the bond to be mailed in. Either way, Jet will mail you the original, sealed bond form after purchase.