ID money transmitter bonds.
1% of the bond amount, $100 minimum.
Idaho licenses money transmitters through the Department of Finance under the Idaho Money Transmitters Act, and Idaho Code § 26-2908 requires each application to carry a $10,000 surety bond — plus $5,000 for each Idaho location beyond the first, up to a $500,000 cap. The premium is 1% of the bond amount, $100 minimum — your exact price appears at the application, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
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Three steps. One sitting.
No quote round-trip on this bond — enter your amount, pay, and file. Here is the entire process:
Apply online
Business and owner details, your bond amount, 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 you entered, $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 Department of Finance
Your executed bond arrives by email, ready to file with your Idaho money transmitter license application at the Department of Finance. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Idaho regulates money transmission — selling or issuing payment instruments and transmitting money — through the Department of Finance under the Idaho Money Transmitters Act. Idaho Code § 26-2908 requires every license application to be accompanied by a surety bond (or an irrevocable letter of credit or similar security device) that runs to the state for the benefit of any claimants against the licensee.
It's a three-party arrangement: you (the principal), the surety carrier, and the State of Idaho (the obligee) — securing the faithful handling, transmission, and payment of the money you receive. Claimants can sue directly on the bond, or the director can sue on their behalf. The base amount is $10,000, plus $5,000 for each Idaho location beyond the first, capped at $500,000.
It is not insurance for you — if the surety pays a claim, you repay the surety. The security must stay in place for the life of the license and for two years after you stop transmitting money in Idaho, so we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — business and owner details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Idaho bonds.
Finish your money transmitter application today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.