MN currency exchange bonds.
$100 flat.
Before Minnesota issues a currency exchange license, Minn. Stat. § 53A.08 requires the applicant to file annually with — and have approved by — the commissioner a surety bond in the principal amount of $10,000, running to the commissioner for the benefit of the exchange's creditors. Ours is $100 flat, the price you see is the checkout price, and the bond issues the moment you pay. Any credit screen is a soft credit pull only — it never affects your score.
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Three steps. One sitting.
Currency exchange bonds are among the simplest filings in surety. Here is the entire process:
Apply online
Business details, an effective date, and a term. That is the entire application — any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $100 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Department of Commerce
Your executed bond arrives by email, ready to file with your currency exchange license application or annual renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Minnesota licenses currency exchanges — check cashers and money order sellers — under Minn. Stat. ch. 53A, administered by the Department of Commerce. Section 53A.08 conditions the license on a surety bond issued by a bonding company authorized to do business in the state, in the principal amount of $10,000, filed annually with and approved by the commissioner.
The bond runs to the commissioner and benefits the creditors of the currency exchange — for liability incurred on money orders it issued or sold, for sums due a payee or endorsee of a check, draft, or money order left with it for collection, and for liability incurred in connection with providing currency exchange services.
The commissioner may require a licensee to file a bond in an additional amount when necessary, but in no case may it be less than $10,000 or more than the outstanding liabilities. It is not insurance for you — if the surety pays a claim, you repay the surety. We track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business details, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Minnesota bonds.
Currency exchange bond, filed today.
$100 flat, issued the moment you pay, soft pull only. Free until issued.