Currency Exchange

The State of Minnesota requires all businesses engaged in the activity of currency exchange and/or check cashing to post a $10,000 surety bond.

Regulating Department Contact:

Robin Brown, Financial Exams
Minnesota Department of Commerce
85 7th Place East Suite 500
St. Paul, MN 55101
(651) 282-9855

Statutes:

Minnesota Statutes 53A

Rules:

Minnesota Rules 2872.0100

Underwriting Requirements:

  1. Apply for bond HERE
  2. Business financial statement
  3. Personal financial statement
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