Mississippi check cashing bonds.
$100 flat.
To be eligible for a license under the Mississippi Check Cashers Act, an applicant must file with the commissioner a bond with good security in the penal sum of $10,000, payable to the State of Mississippi. Ours is $100 flat, the price you see is the checkout price. No credit check.
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How much does a Mississippi check cashing bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
Check casher 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 application. No credit check.
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 commissioner
Your executed bond arrives by email, ready to file with the Department of Banking and Consumer Finance through NMLS. The bond is not valid until the commissioner approves it.
What it is and who needs it.
What the bond actually guarantees
The Mississippi Check Cashers Act licenses businesses that cash checks, drafts, or money orders for a fee, through the Department of Banking and Consumer Finance. Among the eligibility requirements, an applicant must file with the commissioner a bond with good security in the penal sum of $10,000, payable to the State of Mississippi — cash, a certificate of deposit, or government bonds of $10,000 may be filed in lieu.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Mississippi (the obligee). The bond stands behind your faithful performance of the duties and obligations of the licensed business and the prompt payment of any judgment recovered against you on account of charges or other claims arising directly or collectively from a violation of the article — the fee-cap, disclosure, and deferred-deposit rules that protect customers.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond is not valid until the commissioner approves it, so it has to be on file before the license issues and stay on file after; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $10,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the commissioner. Your executed bond arrives by email, ready to file with the Department of Banking and Consumer Finance through NMLS. The bond is not valid until the commissioner approves it.
What sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
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 Mississippi bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your check casher license today.
$100 flat, issued the moment you pay, no credit check. Free until issued.