Money Transmitter Bond
What is a Money Transmitter Bond?
Money Transfer bonds are also known as Transmitter bonds. Money transmitter bonds guarantee compliance with the state laws and regulations.
How does a Money Transmitter Bond work?
The purpose of a Money Transmitter bond is to make sure the customer’s funds are being transmitted properly and rightfully, to prevent against the misappropriation of the customer’s funds that are being transmitted.
What does a Money Transmitter Bond Cost?
The cost of this type of bond is based upon the bond amount required by the state in which the bond is required. A big factor in pricing is determined by the corporate financials and the personal credit report of all owners and spouses. Someone with good credit may pay a lesser premium than a person with poor credit. However, just because someone has poor credit does not mean we cannot help you. At Universal Service Agency, we strive to find our clients the best rates with the strongest rated carriers to insure you are getting the best bond coverage available.
How do I get a Money Transmitter Bond?
You can get Money Transmitter bonds by contacting surety bond agents/brokers. Since you’re already here, you can give us a call at 215-646-2400 or Apply Now here.
How to Choose a Bonding Company?
Universal Service Agency offers Surety Service Made Simple. We are the fastest surety only agency in the country, with over 100 years of combined surety experience servicing all 50 states. We exhaust all of our resources to get you the fastest turnaround times and lowest rates. We can help anyone, even clients that may not fit into the standard market. You can get a free quote here or call our bond experts at 215-646-2400.
How long does it take to get a Money Transmitter Bond?
Universal can issue bonds the same day an application is received. The amount of time between application and issuance is affected by a number of factors though, including but not limited to, the size of the obligation, the type of bond, and promptness of the premium payment.
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Universal Service Agency is the fastest “surety only” agency in the country, with over 100 years of combined surety experience servicing all 50 states.