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MEMO money order agent bonds.
From $100. Enter your amount.

A retail business that signs on to sell money orders for MEMO Financial Services, Inc. does so under an agent agreement, and that agreement is what calls for this bond: a surety guarantee running to MEMO Financial Services as obligee that the money order sale proceeds you collect are accounted for and remitted on schedule. MEMO Financial Services sets the amount from your expected sales volume; the premium is priced at 1% of the bond amount, $100 minimum — enter the figure your agreement specifies and your exact price appears at the application.

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Required by your agent agreement with MEMO Financial Services, Inc. — a contract requirement, not a statute
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Guarantees you account for and remit money order sale proceeds you collect as a selling agent
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Priced at 1% of the bond amount, $100 minimum — enter the amount your agreement specifies and your exact price appears
From $100your price at applicationSoft pull onlynever a hard inquiryInstantissued the moment you pay
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Apply to filed in one sitting.

No open-ended underwriting queue for a standard agent bond — enter your amount, pay, and file with MEMO Financial Services. Here is the whole thing:

TODAY · ONLINE

Apply online

Business details, the bond amount your agent agreement specifies, and an effective date — that is the entire application.

INSTANTLY

Issued on the spot

Most agent bonds like this price and issue the moment you pay. The application includes a soft-pull credit consent that never affects your score.

SAME DAY

File with MEMO Financial Services

Submit the executed bond to complete your money order selling agent setup. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

MEMO Financial Services, Inc. sells money orders through a network of independent retail and check-cashing locations rather than issuing them directly to the public everywhere. Each selling location signs an agent agreement, and that agreement is what calls for this bond: it stands behind the location's duty to account for money orders sold and remit the proceeds on the schedule the agreement sets.

It's a three-party arrangement: you (the principal), the surety carrier, and MEMO Financial Services, Inc. as obligee. If a selling agent fails to remit collected proceeds, MEMO Financial Services can make a claim against the bond up to its face amount.

It is not insurance for you — if the surety pays a claim, you repay the surety. This is a program requirement set by MEMO Financial Services' own agent agreement, not a federal or state statute; some states separately require a money transmitter or money order seller bond of their own, which is a different filing from this one.

MEMO Financial Services, Inc. agent agreementThis bond is required by MEMO Financial Services, Inc. under its own agent agreement with each selling location — a private, contractual program requirement, not a federal statute. MEMO Financial Services sets the bond amount for each agent based on expected sales volume; confirm the figure in your agent agreement before applying.

You need this bond if you're

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A retail or check-cashing business becoming a MEMO Financial Services money order selling agent
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An existing agent MEMO Financial Services has asked to post or increase the bond
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Renewing an expiring agent bond to stay in good standing under your agreement
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Adding a new location that needs its own agent bond on file

One application, issued on the spot.

Submit the application with the bond amount your agent agreement specifies — the executed bond is generated instantly, ready to file.

Start the application →
FAQ

Common questions.

What amount should I enter?Enter the bond amount from your MEMO Financial Services agent agreement or onboarding paperwork. MEMO Financial Services sets that figure from your expected money order sales volume — there is no fixed statutory amount.
What does the bond guarantee?It guarantees that money order sale proceeds you collect as a selling agent are accounted for and remitted to MEMO Financial Services on schedule. If your location fails to remit and MEMO Financial Services makes a valid claim, the surety pays up to the bond's face amount and then looks to you for repayment.
Do I pay the full bond amount?No. You pay the premium — 1% of the bond amount, $100 minimum — not the bond's face value. The face amount is the surety's maximum exposure if a claim is made, never a deposit MEMO Financial Services or the surety holds.
Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.
Where do I file it?With MEMO Financial Services, Inc., as part of your agent onboarding or renewal paperwork. We issue the executed bond and power of attorney ready to submit; a wet-ink original is mailed on request.
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Agent bond, issued today.

From $100, with your exact price at the application. Enter the amount your agreement specifies and file the same day.

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Your premiumfrom $100
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