CT money transmitter bonds.
$3,000 flat.
Connecticut requires a money transmission licensee to file a surety bond with the Department of Banking under Conn. Gen. Stat. § 36a-602 — this is the $300,000 tier, filed by a licensee whose average weekly amount of Connecticut money transmissions ran under $300,000 over the prior twelve-month measuring period. Ours is $3,000 flat, and the price you see is the checkout price. The application includes a credit consent, but it authorizes a soft credit pull only — never a hard inquiry.
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Three steps. One sitting.
A money transmitter bond at this tier is one of the more standard filings we issue. Here's the entire process:
Apply online
Business details, your NMLS license information, and an effective date. That is the application — no financial statements collected by us.
Pay & e-sign
This bond tier is among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File through NMLS
Your executed bond and power of attorney arrive by email, ready to upload to your NMLS record for the Connecticut Department of Banking. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Connecticut licenses money transmitters under the Money Transmission Act, Conn. Gen. Stat. §§ 36a-595 to 36a-612, with § 36a-597 requiring the license and § 36a-602 requiring the surety bond (or, as the statute permits, an equivalent deposit of securities in lieu of a bond). The Department of Banking sets the required bond amount by tier: $300,000 where the licensee's average weekly amount of Connecticut money transmissions was less than $300,000 over the most recent twelve-month period ending June 30, $500,000 for the next tier, and $1,000,000 above that.
It's a three-party arrangement: the licensee (the principal), the surety carrier, and the State of Connecticut, acting through the commissioner (the obligee), with Connecticut consumers who transact with the licensee as the protected parties. If the licensee fails to properly account for or pay over money it transmits, a harmed party — or the commissioner on their behalf — can pursue a claim against the bond up to its penal sum.
It is not insurance for the licensee — if the surety pays a claim, the licensee repays the surety. The bond stays required for as long as the license is active, and Connecticut requires it to remain in effect for a period after a license is surrendered, revoked, suspended, or expires, so we track renewal alongside your NMLS license cycle.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — the credit consent checkbox only authorizes a soft pull, never a hard inquiry.
Start the application →Common questions.
Other Connecticut bonds.
File your Connecticut money transmitter bond today.
$3,000 flat, soft pull only, bond often issued in the same sitting. Free until issued.