IA money services bonds.
From $100. Enter your amount.

Iowa's money transmission license under the Uniform Money Transmission Modernization Act, Iowa Code chapter 533C, requires security before the license issues — 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 533C.802. The bond files through NMLS with the Division of Banking. The premium is 1% of the bond amount, $100 minimum, the bond issues the moment you pay, and any credit screen is a soft pull only — it never affects your score.

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Required for an Iowa money transmission license under Iowa Code 533C.802

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Amount scales with your Iowa volume — $100,000 floor, capped at $500,000

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1% of the bond amount, $100 minimum — exact price at the application

1% rate$100 minimumExactprice at the applicationSoft pullnever a hard inquiry

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How it works

Apply to filed in one sitting.

No quote round-trip — enter your amount, pay, and the executed bond delivers through NMLS. Here is the whole thing:

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Apply online

Your business details, the bond amount your NMLS checklist requires, and an effective date — that is the entire application, and any credit screen is a soft pull that never shows as a hard inquiry.

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Pay & e-sign

The premium is 1% of the bond amount, $100 minimum — priced at checkout, so the bond issues the moment you pay. Your executed bond and power of attorney generate on the spot.

SAME DAY

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.

About this bond

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.

Iowa Code § 533C.802Section 533C.802 of the Iowa Code — part of the Uniform Money Transmission Modernization Act — requires a money transmission license applicant to provide, and a licensee at all times to maintain, a surety bond in a form satisfactory to the superintendent. The amount is the greater of $100,000 or 100% of the licensee's average daily money transmission liability in Iowa for the most recently completed three-month period, up to a maximum of $500,000. Confirm your exact required amount on your NMLS license checklist.

You need this bond if you're

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Applying for an Iowa money transmission license — the security files with your NMLS application

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Operating a money services business that sends funds for Iowa customers

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Growing your Iowa transmission volume — the required amount tracks your average daily liability, up to $500,000

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Reinstating a license whose security lapsed

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.

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FAQ

Common questions.

How much is the Iowa money services bond?The premium is 1% of the bond amount, $100 minimum. The bond amount itself is set by Iowa Code 533C.802 — the greater of $100,000 or 100% of your average daily Iowa money transmission liability, capped at $500,000 — so your exact price appears at the application, before you pay.

How is the bond amount set?By statute: the greater of $100,000 or 100% of your average daily money transmission liability in Iowa, calculated for the most recently completed three-month period, up to a $500,000 maximum. Your NMLS checklist states the number the Division of Banking expects — and a licensee at the $500,000 cap no longer has to run the calculation.

Is there a credit check?If a credit screen runs on this bond, it is a soft pull only — never a hard inquiry, and it never affects your score. The rate stays 1% of the bond amount either way.

How fast will I have the bond?This bond is checkout-priced, so it issues the moment you pay — your e-signed bond and power of attorney arrive by email, delivered on the NMLS electronic surety bond track.

Who requires the bond, and where does it go?The superintendent of banking — the Iowa Division of Banking administers money transmission licensing under Iowa Code chapter 533C. The bond files electronically through NMLS and must stay in place at all times during licensure.

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Other Iowa bonds.

Money services bond, issued today.

1% of the bond amount, $100 minimum, with your exact price at the application. Enter your required amount and file the same day.

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