Indiana earned wage access provider bonds.
From $100.
A company offering earned wage access services to Indiana consumers licenses through the Department of Financial Institutions, filed through NMLS under the state's Earned Wage Access Act. The license conditions on a surety bond; premiums cost 2% of the bond amount, $100 minimum.
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How much does an Indiana earned wage access provider bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard EWA provider bond — enter your amount, pay, and attach it to your NMLS filing. Here is the whole thing:
Apply online
Your company details, the bond amount your DFI license calls for, and the effective date — plus a one-time consent to a soft credit pull.
Issued
Most EWA provider bonds clear right after purchase — the soft pull informs pricing and never affects your score. Larger amounts may get a brief underwriter look.
File through NMLS
Upload the executed bond to your NMLS filing to satisfy the DFI license or renewal. Wet-ink original mailed whenever the DFI insists.
What it is and who needs it.
What the earned wage access bond actually guarantees
Indiana regulates earned wage access — products that let a worker draw against wages already earned before the regular payday — under the state's Earned Wage Access Act, administered by the Department of Financial Institutions. A provider must obtain a license, applied for through the Nationwide Multistate Licensing System (NMLS), the same portal Indiana uses for its other consumer credit licenses.
The bond conditions the license: it's a three-party arrangement between the provider (the principal), the surety carrier, and the State of Indiana, through the DFI (the obligee), with Indiana consumers who use the service as the protected parties. If a licensed provider violates the Act — mishandling consumer funds or failing to meet its statutory obligations — the DFI or an affected consumer can pursue a claim against the bond.
It is not insurance for the provider — if the surety pays a claim, the provider repays the surety. The DFI sets your required bond amount as part of your license approval; we price the bond at 2% of that amount, $100 minimum, and the application runs only a soft credit check.
You need this bond if you are
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. Upload the executed bond to your NMLS filing to satisfy the DFI license or renewal. Wet-ink original mailed whenever the DFI insists.
What sets the price
The premium is 2% 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, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Indiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
License your EWA business in Indiana.
2% of the bond amount, $100 minimum, soft pull only. Enter your amount and file through NMLS the same day.