KY money transmitter bonds.
1% rate, $100 minimum.
Kentucky licenses money transmitters through the Department of Financial Institutions under the Kentucky Money Transmitters Act, and KRS 286.11-013 puts a surety bond at the center of the license — $500,000 at minimum, with the commissioner able to require up to $5 million. Ours is 1% of the bond amount, $100 minimum, filed through NMLS, 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.
Even at money-transmitter amounts, this is one of the simplest filings in surety. Here's the entire process:
Apply online
Business details, your bond amount, an effective date, and a term. That is the entire application — 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, $100 minimum, priced at checkout — the bond issues the moment you pay, and your executed bond and power of attorney generate on the spot.
File through NMLS
Kentucky money transmitter bonds are filed through NMLS for the DFI's review. Your executed bond arrives by email, ready to attach to your license record — wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Kentucky's Money Transmitters Act, KRS Subtitle 286.11, requires anyone in the business of receiving money for transmission to license with the Department of Financial Institutions — and KRS 286.11-013 conditions that license on security, most commonly a surety bond of not less than $500,000. The commissioner can require more, up to $5 million, based on the scale of your Kentucky business.
It's a three-party arrangement: you (the principal), the surety carrier, and the Commonwealth of Kentucky (the obligee). The bond is conditioned on faithful compliance with the Act — it stands behind the money you accept for transmission, so a customer harmed by a violation has a source of recovery up to the bond amount.
It is not insurance for you — if the surety pays a claim, you repay the surety. The security must stay in place while you hold the license and for five years after you cease money transmission in Kentucky, so the bond has to remain continuously in force; 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 details, your bond amount, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Kentucky bonds.
Finish your money transmitter license today.
1% of the bond amount, $100 minimum, issued the moment you pay, soft pull only. Free until issued.