North Dakota Money Transmitter Bond

Your cost is a percentage of the bond’s total amount, determined by your surety. When calculating your cost, sureties will consider your personal credit score, among a number of factors. Other factors include personal and business financial statements, as well as your industry experience and your asset profile. Since money transmitter bonds are considered risky, sureties are very cautious and selective when underwriting them.

Applicants who have a high credit score can expect a rate that is between 1%-3% of the total bond amount. Those with a lower score can expect a rate upward of 4% of the total amount.

If you would like a free quote on your bond, simply follow the application link and submit your surety bond application. We will provide you with your free, no-obligations quote as soon as we have processed your application.

It depends. It is possible to get a money transmitter bond with bad credit, but only under certain conditions. Since these bonds are considered high-risk, they are usually issued after careful scrutiny by sureties, and sometimes bad credit applicants get turned down in the process.

Our Bad Credit Surety Bonds program offers low-credit applicants a better chance of getting bonded, despite their credit score. To make this possible, we have an ongoing partnership with a number of the best sureties in the country, all of which are A-rated and T-listed.

Due to the nature of the bonds, and because of the applicants’ lower scores, rates under this program are higher than standard market rates.

Whether you have a high or low credit score, we at Lance Surety Bonds always do our best to ensure that all of our customers get bonded at the lowest possible rate by sourcing rates from a variety of markets.

Getting your bond is easy. Just apply online through our secure application tool and submit your form. We will get back to you with your free bond quote as soon as possible.

If you have any questions in the meantime or require assistance with your application, just call us at (877)-514-5146. Our surety bond professionals will be happy to provide you with additional information, and assist you if you need any help.