What’s a Money Transmitter Bond good for?
- January 5, 2017
- Posted by: Surety Bond Experts
- Category: Surety Bond
A money transmitter is defined as a business that provides money transfer services or payment services to customers. It is compulsory to purchase a money transmitter bond for those in the money transmitter business and this bond is needed by companies that use a banking system to transfer, wire, or otherwise send money between parties.