Check cashers in the state of Washington must have a business license issued by the State Department of Revenue, Business Licensing Service. Those who also wish to make small loans must obtain a small loan endorsement to the license for each location from the Department.
A requirement of licensing includes obtaining a surety bond or other type of accepted security.
This license authorizes the following activities:
Requirements to be completed in the NMLS (Nationwide Multistate Licensing System & Registry) include:
The premium you pay for a Washington Check Casher with Small Loan Endorsement Bond depends on credit and the number of business locations. Our rates start at 1.5% of the bond amount with good credit. Contact our Surety Bond Specialists for a free quote that fits your specific situation.
Applicants must pay a $1035.15 application fee, plus a $100 NMLS Initial processing fee.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application