If you are engaged as a Money Transmitter in the State of Florida, the Florida Office of Financial Regulation requires the execution of a Florida Money Transmitter Bond to ensure compliance with Section 560.209 of the Florida Statutes.
Bonds Express offers a Florida Money Transmitter Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Florida Money Transmitter Bond holds you accountable for your business decisions.
By possessing a Florida Money Transmitter Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.