Under Fla. Stat. § 560.209, a licensee must maintain a net worth of at least $100,000, with an additional $10,000 of net worth per Florida location up to a $2 million maximum, and must provide the Office of Financial Regulation a corporate surety bond from a company authorized to do business in Florida. The bond is in an amount specified by rule but may not be less than $50,000 or exceed $2 million, and the rule provides allowances for the financial condition, number of locations and anticipated volume of the licensee. The bond runs to the state for the benefit of any claimants in this state against the applicant or its authorized vendors, and secures the faithful performance of the licensee’s obligations with respect to the receipt, handling, transmission and payment of money. In lieu of the bond, or of any portion of the principal sum, the applicant may deposit collateral cash, securities or an alternative security device as provided by rule. The bond and collateral deposit must remain in place for 5 years after the licensee ceases licensed operations in this state, and the surety must give the Office written notice by registered mail within 10 days after paying any claim. The bond is filed on form OFR-560-06 and the Security Device Calculation Form OFR-560-07 is filed annually no later than January 31. Confirm your required amount with the Office of Financial Regulation.

What the money services business bond actually guarantees

You need this bond if you are

Most money services business bonds clear the same day. Larger amounts may get a short underwriter review and a request for company financials. Your executed bond will arrive by email, ready to file with OFR.

FL money services business bonds cost 2% of the bond amount — the OFR § 560.209 security device on Trisura paper, form OFR-560-06. Apply now.

Money Services Business Bond (Trisura)

Florida - Money Services Business - Trisura

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.