GA seller of payment instruments bonds.
1% of the bond amount. Enter your amount.
Georgia licenses a seller of payment instruments — a business that sells checks, drafts, money orders, or other devices used to pay or transmit money — through the Department of Banking and Finance, filed electronically via NMLS. O.C.G.A. § 7-1-683.2 requires a corporate surety bond running to the State of Georgia, starting at a $250,000 principal sum and rising with your average daily outstanding balances. Premiums cost 1% of the bond amount, $100 minimum — enter the amount your license requires to see your exact price.
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Apply to filed in one sitting.
No long underwriting queue for the standard filing — enter your amount, consent to a soft pull, and submit the executed bond through NMLS. Here is the whole thing:
Apply online
Your business details, the bond amount your NMLS filing requires, and the effective date — plus a one-time consent to a soft credit pull.
Priced and issued
The premium is 1% of the bond amount, $100 minimum, and the executed bond is generated as soon as you pay. The soft pull informs approval and never affects your score; larger amounts may get a brief review.
File through NMLS
Upload the executed bond to your NMLS record so the Department of Banking and Finance can process your seller-of-payment-instruments license or renewal. Wet-ink originals mailed on request.
What it is and who needs it.
What the seller of payment instruments bond actually guarantees
A seller of payment instruments is any business that sells devices used to pay or transmit money — checks, drafts, money orders, and similar instruments. Georgia licenses these businesses through the Department of Banking and Finance, with the license application, bond, and renewals filed electronically through the Nationwide Multistate Licensing System (NMLS).
Under O.C.G.A. § 7-1-683.2, an applicant must file a corporate surety bond, issued by a company authorized to do business in Georgia and approved by the Department, running to the State of Georgia for the benefit of the Department and any payment-instrument holders. The bond conditions the licensee to pay any money owed to a person damaged by the licensee's noncompliance, or to a creditor or claimant arising out of the licensee's sale of payment instruments in the state — whether through the licensee's own acts or an agent's.
The statute sets the principal sum at $250,000, with the Department able to require a higher bond — the statute caps additional coverage at $2 million — based on your average daily outstanding payment-instrument liability. Enter the amount your NMLS filing requires; we price the bond at 1% of that amount, $100 minimum, and the application includes a one-time soft-pull-only credit consent.
You need this bond if you are
One application, then a quick review.
Submit the application with the bond amount your NMLS filing requires. The soft-pull-only consent informs approval; larger amounts may get a brief underwriter review.
Start the application →Common questions.
Other Georgia bonds.
File your NMLS bond without tying up capital.
1% of the bond amount, $100 minimum. Enter your required amount and file through NMLS the same day.