Iowa money services bonds.
From $1,000.
Iowa's money transmission license under the Uniform Money Transmission Modernization Act requires a surety bond of the greater of $100,000 or 100% of your average daily money transmission liability in Iowa, capped at $500,000, under Iowa Code 533C.802. The premium is 1% of the bond amount.
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How much does an Iowa money services bond cost?
1% of the bond amount, from $1,000 at the $100,000 minimum. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No quote round-trip — enter your amount, pay, and the executed bond delivers through NMLS. Here is the whole thing:
Apply online
Your business details, the bond amount your NMLS checklist requires, and an effective date — that is the application. No credit check up to $25,000.
Pay & e-sign
The premium is 1% of the bond amount — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.
File through NMLS
The executed bond delivers on the NMLS electronic surety bond track to the Iowa Division of Banking. Wet-ink original mailed whenever the state insists.
What it is and who needs it.
What the money services bond covers
Iowa licenses money transmission — sending money, issuing and selling payment instruments, and related money services — through the Division of Banking under the Uniform Money Transmission Modernization Act, Iowa Code chapter 533C. Under section 533C.802, an applicant provides and a licensee at all times maintains a surety bond of the greater of $100,000 or 100% of its average daily money transmission liability in Iowa for the most recently completed three-month period, up to a maximum of $500,000.
The bond is one of chapter 533C's prudential standards — alongside net worth and permissible-investment requirements — and it secures your money transmission obligations to the Iowa customers whose funds you move. A licensee holding the $500,000 maximum does not have to keep calculating its average daily liability. The bond files electronically through NMLS against your company record.
It is not insurance for you — if the surety pays a claim, you repay the surety. The security must stay in place at all times during licensure, so the bond stays continuously on file; 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. The executed bond delivers on the NMLS electronic surety bond track to the Iowa Division of Banking. Wet-ink original mailed whenever the state insists.
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.
No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
Submit the application with the bond amount your NMLS checklist requires — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Iowa bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Money services bond, issued today.
1% of the bond amount, with your exact price at the application. Enter your required amount and file the same day.