Alaska's money transmission license under AS 06.55 requires security before the license issues — a surety bond of $25,000 plus $5,000 for each location (the location add-on caps at $125,000) under AS 06.55.104, payable to the state for the benefit of claimants. The premium is 1% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.
















No quote round-trip — enter your amount, pay, and the executed bond delivers through NMLS. Here is the whole thing:
Your business details, the bond amount your NMLS checklist requires, and an effective date — that is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.
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.
The executed bond delivers on the NMLS electronic surety bond track to the Alaska Division of Banking and Securities. Wet-ink original mailed whenever the state insists.
Alaska licenses money transmission — sending money, selling payment instruments, and related money services — through the Division of Banking and Securities under AS 06.55. Before a license issues, AS 06.55.104 requires security: a surety bond of $25,000 plus $5,000 for each location, with the per-location addition capped at $125,000.
The bond is payable to the state for the benefit of a claimant against the licensee — it secures the faithful performance of your money transmission obligations to the people whose money you move. Alaska files the bond electronically through NMLS against your company record.
It is not insurance for you — if the surety pays a claim, you repay the surety. The security must remain in place for as long as the department specifies, so the bond stays continuously on file; we track the term and send renewal notices 60 and 30 days out.
Submit the application with the bond amount your NMLS checklist requires — the executed bond is generated the moment you pay, ready to file.
Start the application →1% of the bond amount, $100 minimum, with your exact price at the application. Enter your required amount and file the same day.