MD money transmitter bonds.
1% of the bond amount.
Maryland's Money Transmission Act requires every licensee to maintain a surety bond under Md. Code, Fin. Inst. § 12-412 — the greater of $150,000 or 100% of your average daily Maryland money-transmission liability, up to a $2,000,000 cap. 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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Apply to filed in one sitting.
No quote queue — enter your amount, pay, and upload the bond to NMLS. Here is the whole thing:
Apply online
Business details, the bond amount the statute requires, 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), computed on the spot — the bond issues the moment you pay, with your executed bond and power of attorney generated instantly.
File through NMLS
Upload the executed bond to your NMLS record for the Maryland Office of Financial Regulation. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
Maryland licenses money transmitters — payment processors, remittance companies, wallet providers, and currency exchangers doing business with Maryland customers — under Fin. Inst. Title 12, Subtitle 4. Section 12-412 requires each licensee to maintain a surety bond in the amount of the greater of $150,000 or 100% of average daily money-transmission liability in the State for the most recently completed quarter, up to a $2,000,000 maximum.
The bond secures your compliance with state and federal money-transmission law and the fulfillment of your obligations to every party to a money transmission — the senders and receivers whose funds move through your platform. Coverage is continuous, is not reduced by renewals, and survives for three years after the bond is cancelled or you stop transmitting.
It is not insurance for you — if the surety pays a claim, you repay the surety. If claims ever exhaust the bond, the Commissioner requires a replacement before you keep operating; we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
One application, issued instantly.
Submit the application with the bond amount the statute requires — the executed bond is generated the moment you pay, ready to file.
Start the application →Common questions.
Other Maryland bonds.
Finish your money transmitter license today.
1% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.