Money Transmitter Bond
Satisfy OFR Chapter 560 money services security
Florida money transmitters must maintain a corporate surety bond (or approved collateral) with the Office of Financial Regulation sized between $50,000 and $2,000,000 under Fla. Stat. § 560.209.
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A Florida money transmitter bond is the Chapter 560 security device that protects Florida claimants against money services business defaults.
The surety bond guarantees that the principal will perform the duties required under Fla. Stat. § 560.209 up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Florida obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Companies applying for or holding a Florida Part II money transmitter - money services business license through OFR need this bond (or collateral alternative) continuously in force.
Calculate the required amount on Form OFR-560-07 (typically 2% of Florida volume, rounded up in $50,000 increments), then file Form OFR-560-06 or an approved collateral device.
Share your license type, court order, or obligee form and the exact penal sum required by Florida Office of Financial Regulation (OFR).
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to Florida Office of Financial Regulation - Financial Services Commission or for your Florida filing package.
The amount is $50,000 minimum to $2,000,000 maximum — calculated under OFR rules (commonly 2% of prior-year Florida money transmission - payment instrument volume, rounded up in $50,000 increments), as set under Fla. Stat. § 560.209 and confirmed with Florida Office of Financial Regulation (OFR).
The obligee is typically Florida Office of Financial Regulation - Financial Services Commission. Always match the exact name on the Florida form.
Many Florida filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Florida license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond