Colorado money transmitter bonds.
From $2,500.
Colorado licenses money transmitters through the Division of Banking. The Money Transmission Modernization Act (C.R.S. Title 11, Article 110) requires a surety bond of at least $250,000, sized to your average daily Colorado transmission liability and capped at $1,000,000. The premium is 1% of the bond amount.
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How much does a Colorado money transmitter bond cost?
1% of the bond amount, from $2,500 at the $250,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Money transmitter bonds file electronically through NMLS. Here's the entire process:
Apply online
Business details, your county, your bond amount, an effective date, and a term. One soft credit pull, never a hard inquiry, and it never affects your score.
Pay & e-sign
The premium is 1% of the bond amount, and the bond issues the moment you pay — your executed bond and power of attorney generate on the spot.
File through NMLS
Submit the bond electronically through NMLS to the Colorado Division of Banking with your money transmission license record. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Colorado replaced its Money Transmitters Act with the Money Transmission Modernization Act (HB25-1201, effective August 6, 2025), aligning the state with the multistate model law. Every licensee must maintain a surety bond of at least $250,000 — sized above the licensee's average daily Colorado money-transmission liability, up to a $1,000,000 maximum — filed electronically through NMLS with the Division of Banking.
It's a three-party arrangement: you (the principal), the surety carrier, and the state (the obligee). The bond stands behind your transmission obligations — the payment instruments and stored value you owe Colorado customers — and your compliance with the Act. The State Banking Board can act against a license whose bond lapses.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay continuously on file for as long as you hold the license; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File through NMLS. Submit the bond electronically through NMLS to the Colorado Division of Banking with your money transmission license record. Wet-ink original mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields — business details, your bond amount, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Colorado bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Get your money transmitter bond today.
1% of the bond amount, issued the moment you pay. Free until issued.