The Wisconsin Seller of Checks Bond is required by the State of Wisconsin, Department of Financial Institutions. The bond states that the bondholder shall comply with the provision of Chapter 217, Wisconsin Statutes. As well as, with the lawful orders, rules and regulations in effect.
The bond amount is $10,000 for the first location. Each additional location is $5,000 or $300,000 total, whichever is less. $50,000 for each location if licensed as a community currency exchange. Not to exceed $300,000.
A Seller of Checks is a person who, as a service or for a fee or other consideration, engages in the business of selling and issuing checks. In addition to, the receiving of money for transmission or the transmitting of money. Individuals are required to be licensed with the State. The Sellers of Checks bond is one of the licensing requirements.
Submit to the Department of Financial Institutions, Division of Banking the following:
At Surety1, most importantly, we make things easy for you. First, start the process by completing our easy-to-navigate, free online application form. Next, one of our surety agents will contact you with a no-obligation quote for the bond premium. After that, we’ll collect the premium payment and have you sign the agreement. At the end, your Wyoming Seller of Checks bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
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.