To operate a check cashing business or deferred check deposit services in the District of Columbia you must be licensed and provide a DC check casher bond. The check casher license is issued by the Banking Bureau. Title 26, Chapter 3 contains the statutes which regulate check cashers and outline the licensing requirements. The District of Columbia check casher bond is $5,000 for each location and mobile unit from which the licensee proposes to conduct business. The bond must be conditioned upon the observance by the licensee of all the provisions of the DC Code and of all rules and regulations lawfully made by the Superintendent The DC check casher surety bond must be for the benefit of the District concerning any and all monies that become due or owing to the District from the licensee under the Code as well as for the benefit of any private claimants against the applicant with respect to the cashing of checks in the District. The nation’s surety leader, Surety One, Inc. offers check casher bonds in all states where they are required by law. Our special program affords access to these bonds regardless of credit and financial condition for all check cashers. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. For more information visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com for a DC check casher bond application or for information on any surety bond need.
