Kentucky
Check Cashing Bond

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Coverage Amount: $50,000 - $500,000
Term Length: 1 year
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Kentucky Check Cashing Bond Guide

If you’re applying for a check cashing license in Kentucky, you’ll need this surety bond. 

Bond Overview

  • Purpose: To protect consumers from mishandling of funds by check cashers
  • Who Needs It: All check cashers in Kentucky 
  • Regulating Body: The Kentucky Department of Financial Institutions
  • Required Coverage: $50,000–$500,000 based on number of business locations
  • Premium Rate: 1–10% based on credit score

Learn all about the bond requirements and process in this guide. 

What Is a Kentucky Check Cashing Bond? 

A Kentucky check cashing bond protects clients if a check casher:

  • Mishandles funds
  • Breaks license regulations
  • Violates other legal obligations

The Kentucky Department of Financial Institutions (DFI) requires this bond as part of the licensing process for businesses that cash or sell payday checks, traveler’s checks, or money orders.  

Note: If you offer payday loans, you’ll complete a similar, but separate, bond form. Please, visit our Kentucky Deferred Presentment Provider Bond page to apply. 

Which Bond Amount Do I Need?

Your required Kentucky bond coverage will correlate directly to the number of cash checking business locations. 

# of Business LocationsBond Amount
1$50,000
2–5$100,000
6–10$150,000
11–20$200,000
21–30$300,000
31–40$400,000
41+$500,000

How Much Do Check Cashing Bonds Cost in Kentucky?

Kentucky check cashing bonds cost a small percentage of the bond amount, typically 1–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$50,000Check Cashing Bond1 Business Location
$100,000Check Cashing Bond2 - 5 Business Locations
$150,000Check Cashing Bond6 - 10 Business Locations
$200,000Check Cashing Bond11 - 20 Business Locations
$300,000Check Cashing Bond21 - 30 Business Locations
$400,000Check Cashing Bond31 - 40 Business Locations
$500,000Check Cashing Bond41+ Business Locations

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Kentucky check cashing bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll upload the bond directly to NMLS on your behalf and email a copy for your records. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Kentucky Check Cashing Bond Work? 

As with all surety bonds, a check cashing bond creates a legal contract between three parties: 

  1. Principal: You, the check cashing company owner(s) filing the bond
  2. Obligee: The Kentucky Department of Financial Institutions requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Kentucky Statutes Title XXV § 286.9-040

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your check cashing bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

Call 1 (800) 308-4358 to talk with a Surety Expert