The Delaware Casher of Checks, Drafts or Money Orders Surety Bond is required by the State of Delaware, Office of the State bank Commissioner. The bond amount required is $5,000 and can generally be written for $100 for the year. The bond is in place for the benefit of all consumers injured by any wrongful act, omission, default, fraud or misrepresentation by a licensee in the course of its activity as a licensee.
In the state of Delaware, if you wish to operate as a casher of checks, drafts, or money orders, you must have a license approved by the commissioner. The following requirements (per chapter 287 of the Delaware Code) must be met in order to obtain a license:
You can find the application form and further information on the Delaware State Bank Commissioner’s website.
Simply fill out our free online application! One of our licensed agents will then contact you with a no-obligation quote within one business day of your submission. Once any necessary paperwork is signed, and the premium payment is remitted, your Delaware Casher of Checks, Drafts or Money Orders Surety Bond will be shipped via USPS Priority Mail, with overnight shipping options also available.
Surety Solutions Insurance Services, Inc. (Surety1) has been writing bonds in Delaware since 2003, so we understand the process and the need for fast, reliable service. We even maintain an A+ rating by the Better Business Bureau! Licensed in all 50 states.