AL money transmitter bonds.
From $100. Enter your amount.
Alabama licenses money transmitters through the Alabama Securities Commission under the Monetary Transmission Act, and a licensee maintains a surety bond of at least $100,000 — or more, keyed to your Alabama transmission obligations — under Ala. Code § 8-7A-7. The premium is 1% of the bond amount, $100 minimum, your exact price appears at the application, and any credit screen is a soft pull only — it never affects your score.
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Apply to filed in one sitting.
No underwriting queue for the Alabama money transmitter bond — enter your amount, pay, and file with the Securities Commission. Here is the whole thing:
Apply online
Business details, the bond amount your license requires, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Pay & e-sign
The premium is 1% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File with the Securities Commission
Your executed bond arrives by email, ready to submit with your money transmitter license filing. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Alabama's Monetary Transmission Act requires a license from the Alabama Securities Commission to engage in money transmission in the state. Under Ala. Code § 8-7A-7, a licensee maintains a surety bond or similar security of at least $100,000 — or the average daily Alabama transmission obligations plus 50 percent of average daily outstanding payment-instrument and stored-value obligations, whichever is greater.
It's a three-party arrangement: you (the principal), the surety carrier, and the state (the obligee). The bond secures the faithful performance of your money transmission obligations — the funds your Alabama customers hand you to move. The Commission can raise the required security, up to $5 million, if a licensee's financial condition warrants it.
It is not insurance for you — if the surety pays a claim, you repay the surety. The security must stay in place while you are licensed, and the statute requires bond coverage for claims for five years after a licensee stops transmitting in Alabama; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
Submit the application with the bond amount your license requires — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Alabama bonds.
Money transmitter bond, issued today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.