License & Permit
Check Cashing Bond
A state license bond for check cashing businesses, in the states that require one.
- Required by
- State financial regulators, where the state requires a bond
- Bond amount
- Set by whoever requires the bond. We confirm it.
What this bond guarantees
The bond runs to the state financial regulator for the benefit of customers. It promises the check casher will follow the state's money services or check cashing law. Claims arise from fraud, misrepresentation, or other violations of that law.
Who needs it
- Check cashers
- Businesses that cash checks for a fee
What the underwriter looks at
- Number of licensed locations
- Volume of money handled
- Owner credit and net worth
Requirements vary by state and by who asks for the bond. Send us the request you received and we will confirm exactly what it calls for.
Common questions
Does every state require a check cashing bond?
No. Rules differ by state, and some license check cashers without a bond. Tell us your state and we will confirm what applies.
What about check cashers in Florida?
Florida licenses check cashers under Part III of chapter 560. Confirm with the Office of Financial Regulation whether a bond applies to your license.