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Washington
Check Casher Bond (Small Loan Endorsement)

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Coverage Amount: $10,000 - $100,000
Term Length: 1 year
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Washington Check Casher with Small Loan Endorsement Bond Guide

If you’re a check casher applying for a small loan endorsement in Washington, you’ll need this surety bond. 

Bond Overview

  • Purpose: To protect consumers from mishandling of funds by check cashers
  • Who Needs It: Licensed check cashers with small loan endorsement 
  • Regulating Body: The Washington DFI, Division of Consumer Services
  • Required Coverage: $10,000 for initial location
  • Premium Rate: 1–10% based on credit score

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

What Is a Washington Check Casher Bond?

A Washington check casher bond protects clients if a check casher with small loan endorsement:

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

The Washington Department of Financial Institutions (DFI), Division of Consumer Services requires this bond as part of the licensing process for any check casher who also provides small loans, such as payday loans.

How Much Do Check Casher Bonds Cost in Washington State?

The state-required bond amount for check cashers with small loan endorsement is $10,000 for the first location plus $1,000 for each additional location. 

Washington check casher bonds cost a small percentage of the required bond amount, cost 1–10% based on credit score. Apply for your free quote now!

Bond Type
$10,000Check Casher Bond (Small Loan Endorsement)First Location
$10,001-$100,000Check Casher Bond (Small Loan Endorsement)Subsequent 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 Washington small loan endorsement check casher 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 to NMLS directly 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 Washington Check Casher Bond Work?

As with all surety bonds, a check casher with small loan endorsement bond creates a legal contract between three parties: 

  1. Principal: You, the check casher with small loan endorsement filing the bond
  2. Obligee: The Washington DFI, Division of Consumer Services requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the Revised Code of Washington 31.45. 

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 casher with a small loan endorsement 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

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