The Wisconsin Community Currency Exchange Bond is required by the State of Wisconsin, Department of Financial Institutions. The bond states that the bondholder shall comply with the provisions of Section 218.05 of the Wisconsin Statues. In addition, they shall comply with all lawful orders, rules and regulations in effect. Five Thousand dollars ($5,000) is the bond amount, per proposed location.
Community currency exchange is defined as any person engaged in the business of and providing facilities for cashing checks. As well as, drafts, money orders and all other evidence of money acceptable to currency exchange. This is done for a fee, service charge or other consideration.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
At Surety1 you can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
Surety1 has been in the business since 2003. We are licensed in all 50 states and our services have earned an A+ rating from the Better Business Bureau.